1130 Centinela Avenue
Inglewood, CA 90302
MLS #SB15252676

Commercial
  • 1,850sq ft
Pending Sale $435,000
Est. P&I payment: $1661.41/mo
1130 Centinela Avenue, Inglewood, CA 90302
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Description for 1130 Centinela Avenue, Inglewood, CA 90302
Investor's Delight! DO NOT DISTURB TENANTS. This great Mixed Use property is centrally located in La Tijera Village, Inglewood. High traffic count, and excellent visibility, are great for commercial use portion of the property. Residential portion sits behind the stores and is away from street noise. Zoned C2, this property is 100% occupied, with steady cash flow. It has two long-term retail/office units in front.(Beauty Salon and Legal Services) A residential2 bed/1 bath + shower room unit backs up on the office units. The rear unit is currently residential, but per City Report must be converted back to a 2 car garage and large storage room. Buyer to verify the size of the buildings. This fixer has lots of upside potential for the savvy investor. NO RENT CONTROL. Currently master metered. Nearby properties are being revitalized. 1 mile away from new Metro light rail station that is being built at La Brea/Florence, and proposed redevelopment of the nearby Fairview Heights area. Under 10 GRM on current rents, with a Cap Rate of 6.7. If you prefer a live/work combination, add your signature style and make this your home. No more commute, walk to work!
MLS #SB15252676
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My Notes for MLS #SB15252676

General Features

  • Building Status: Existing
  • Current Commercial Use: Two retail units/2 residential units
  • Land Use: Multi-Family,​Office,​Retail
  • Number Of Buildings: 2
  • Number Of Units Leased: 5
  • Number Of Units Total: 4
  • Property SubType: Office
  • Property Type: Commercial Sale
  • Year Built: 1926
  • Year Built Source: Assessor
  • Zoning: C2

Exterior Features

  • Construction Materials: Drywall Walls,​Stucco
  • Parking Total: 4
  • Roof: Composition,​Rolled/Hot Mop
  • Signage: Sign on Building
  • Stories Total: 1

Interior Features

    Utility Features

    • Electric: Standard
    • Heating YN: 1
    • Heating: Wall Heater
    • Cooling YN: 1
    • Security Features: Smoke Detector,​Window Bars
    • Water Source: Public

    Financial Features

    • Accounting Type: Actual
    • AssetClass: Multi-Family,​Office,​Retail
    • CapRate: 5.3
    • Effective Gross: 44,928
    • Electric Expense: 1,800
    • Expense Year: 2015
    • Gross Scheduled Income: 46,800
    • Insurance Expense: 1,400
    • Investment Property YN: 1
    • Net Operating Income: 29,204
    • Operating Expense: 15,724
    • Other Expense: 1,087
    • Price Per Lot SqFt: 88.15
    • Price Per SqFt: 235.14
    • Tax Annual Amount: 4,432
    • Tax Rate: 1.25
    • Tax Year: 2016
    • Total Monthly Rent: 3,900
    • Trash Expense: 800
    • Vacancy Allowance: 2,340
    • Vacancy Allowance Rate: 5
    • Water Sewer Expense: 4,000

    Miscellaneous Features

    • Building Area Total: 1,850
    • Days On Market: 155
    • Lot Size Source: Assessor

    Location

     
    Street View Not Available
    Directions to 1130 Centinela Avenue, Inglewood, CA 90302
    Driving south on La Brea, turn right on Centinela Ave. Property is on RHS
    s

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    P&I Payment $1661.41
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    Please Note: All information in this site is deemed reliable but not guaranteed. The property information provided on EXIT Alliance Realty's websites is for personal, non-commercial use only and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Property information is gathered from third-party resources including the seller and public records. EXIT Alliance Realty, Onjax, LLC, its affiliates, owners, subsidiaries and subscribers disclaim any and all representations or warranties as to the accuracy or reliability of the information provided. You should verify all claims through personal inspection and/or contact with the appropriate real estate professionals.
    Last Updated 11/19/2017 at 9:33am
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