1130 Centinela Avenue
Inglewood, CA 90302
MLS #SB15254576

Income
  • 4units
  • 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 residential 2 bed/1 bath + additional shower room, backs up on the office units. The rear unit is currently a residential space (no permit) and needs to be converted back into a two 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 over 5. If you prefer a live/work combination, add your signature style and make this your home. No more commute, walk to work!
MLS #SB15254576
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My Notes for MLS #SB15254576

General Features

  • Number Of Buildings: 2
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Year Built: 1926
  • Year Built Source: Assessor
  • Elevation Units: Feet

Exterior Features

  • Construction Materials: Drywall Walls,​Stucco
  • Roof: Asphalt,​Composition,​Rolled/Hot Mop,​Shingle
  • Uncovered Spaces: 2
  • Fencing: Brick
  • Lot Features: 0-1 Unit/Acre,​Paved,​Up Slope from Street,​Walkstreet
  • Lot Size SqFt: 4,935
  • Lot Size Units: Square Feet
  • View: None
  • Door Features: Panel Doors
  • Entry Location: Ground Level With Steps,​Ground Level No Steps,​Grou
  • Other Structures: Guest House,​Workshop,​Two On A Lot
  • Parking YN: 1
  • Parking Features: Driveway - Concrete,​Driveway,​Unassigned,​Uncovered
  • Parking Total: 2
  • Pool Features: None
  • Property Condition: Fixer
  • Window Features: Blinds
  • Common Walls: 1 Common Wall
  • Property Attached YN: 1

Interior Features

  • Flooring: Carpet,​Vinyl
  • Foundation Details: Slab,​Raised
  • Levels: One
  • Room Type: All Bedrooms Down
  • Fireplace YN: 1
  • Fireplace Features: Den,​Dining Room,​Family Room,​Guest House,​Kitchen,​Living Room,​Master Bedroom,​Patio

Utility Features

  • Cooling YN: 1
  • Cooling: Wall Window
  • Heating YN: 1
  • Heating: Wall Heater
  • Security Features: Smoke Detector,​Window Bars
  • Utilities: Sewer Available,​Water Connected
  • Water Source: Public
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Wall AC: 3

Financial Features

  • CapRate: 6.7
  • Electric Expense: 1,800
  • Gross Scheduled Income: 46,800
  • Insurance Expense: 1,400
  • Net Operating Income: 29,204
  • Operating Expense: 15,724
  • Other Expense: 1,087
  • Price Per SqFt: 235.14
  • Tax Annual Amount: 4,452
  • Tax Rate: 1.32
  • Tax Year: 2015
  • Total Expenses: 15,724
  • Trash Expense: 800
  • Vacancy Allowance: 5
  • Water Sewer Expense: 4,000
  • Tax Lot: 33
  • Fuel Expense: 1,200
  • Gross Income: 3,900
  • Gross Operating Income: 44,928
  • New Taxes Expense: 5,437
  • Operating Expense Percent: 35
  • Total Actual Rent: 3,900

Community Features

  • Community Features: Sidewalks,​Street Lighting,​Urban

Miscellaneous Features

  • Building Area Total: 1,850
  • Building Area Units: Square Feet
  • Days On Market: 153
  • Lot Size Source: Assessor
  • Special Listing Conditions: Standard,​Notice Of Default
  • Cumulative Days On Market: 230
  • Tax Tract Number: 3,650

Location

 
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Directions to 1130 Centinela Avenue, Inglewood, CA 90302
Cross Streets: Centinela/La Brea
Listing information for 1130 Centinela Avenue, Inglewood, CA 90302 was graciously provided by our friends at the listing brokerage, Keller Williams Realty and by listing agent Becker Maeve DRE# 01963513

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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 04/21/2018 at 1:12pm
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