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335 339 Centinela Avenue

Inglewood, CA 90302
  • $1,695,000
  • STATUS: Pending
  • ON SITE: 30 Days
  • ID#: SB24024578
Pending
UPDATED: 22 min ago
$1,695,000
  • 0
    BEDS
  • 0.31
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1940
County:

School Ratings & Info

Listing Agent(s): Larson Harley of Lyon Stahl Investment Real Estate, Inc. (310-425-9838)


Description

**335 Centinela Ave must be sold together with 339 Centinela Ave and 434 Warren Ln for a combined price of $1,695,000.**We are to present 335-339 Centinela Ave & 434 Warren Ln, Inglewood. This is a rare development opportunity to purchase three contiguous lots on separate parcels in the most desirable Northwest pocket in Inglewood for $125/SF of land. The combined lot size is 13,493 sq ft zoned MU-C in the Downtown & Fairview Heights TOD Zone. MU-C zoning has an array of allowable uses (see OM) with a maximum height of 4 stories or 55 feet with a 20% eligible height bonus.* 335 Centinela is a duplex consisting of (2) 1-bed/1-bath units, 339 Centinela is also a duplex with (2) 1-bed/1-bath units, and 434 Warren Ln is a 1-bed/1-bath SFR with (5) 1-car garages detached from the house. The monthly gross income for all units is $6,234 and four of the five tenants are on month-to-month leases. These sites are located less than half a mile from the Downtown Inglewood Metro Station (K Line) and in close proximity to The Forum, SoFi Stadium, and the Intuit Dome (2024 est. completion). 335-339 Centinela Ave & 434 Warren Ln present an opportunity for investors to add value through renovations/ADU construction or for builders to take advantage of the desirable MU-C zoning and benefit from the rising tide of large-scale developments in Inglewood.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2024-03-04T00:26:19.473. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Berkshire Hathaway HomeServices California Properties. Licensed in the State of California, USA.
www.kevinhillre.com/homes/147238956
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335 339 Centinela Avenue Inglewood, CA 90302

  • Price: $1,695,000
  • Status: Pending
  • On Site: 30 Days
  • Updated: 22 min ago
  • ID#: SB24024578
0
Beds
0
Baths
0
½ Baths
0.31
Acres
1940
Built
Neighborhood:
101 - North Inglewood
County:
Los Angeles
Area:
101 - North Inglewood
Property Description
**335 Centinela Ave must be sold together with 339 Centinela Ave and 434 Warren Ln for a combined price of $1,695,000.**We are to present 335-339 Centinela Ave & 434 Warren Ln, Inglewood. This is a rare development opportunity to purchase three contiguous lots on separate parcels in the most desirable Northwest pocket in Inglewood for $125/SF of land. The combined lot size is 13,493 sq ft zoned MU-C in the Downtown & Fairview Heights TOD Zone. MU-C zoning has an array of allowable uses (see OM) with a maximum height of 4 stories or 55 feet with a 20% eligible height bonus.* 335 Centinela is a duplex consisting of (2) 1-bed/1-bath units, 339 Centinela is also a duplex with (2) 1-bed/1-bath units, and 434 Warren Ln is a 1-bed/1-bath SFR with (5) 1-car garages detached from the house. The monthly gross income for all units is $6,234 and four of the five tenants are on month-to-month leases. These sites are located less than half a mile from the Downtown Inglewood Metro Station (K Line) and in close proximity to The Forum, SoFi Stadium, and the Intuit Dome (2024 est. completion). 335-339 Centinela Ave & 434 Warren Ln present an opportunity for investors to add value through renovations/ADU construction or for builders to take advantage of the desirable MU-C zoning and benefit from the rising tide of large-scale developments in Inglewood.
Exterior Features

Entry Level 1 Entry Location Front Lot Features Lawn Number Of Separate Electric Meters 5 Parking Total 5 Pool Features None Pool Private YN No Property Attached YN No

Interior Features

Common Walls No Common Walls

Property Features

Additional Parcels YN No Common Interest None Community Features Sidewalks Garage YN Yes Gross Income 74808 Gross Scheduled Income 74808 Insurance Expense 2025 Land Lease YN No Laundry Features None Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Cash to New Loan Maintenance Expense 7165 Net Operating Income 38093 New Construction YN No New Taxes Expense 21188 Number Of Separate Gas Meters 5 Number Of Separate Water Meters 3 Number Of Units Leased 5 Operating Expense 36715 Other Expense 2900 Property Sub Type Mixed Use Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Actual Rent 6234 Trash Expense 0 Water Sewer Expense 1525 Water Source Public Zoning INC3YY



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-03-04T00:26:19.473. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Berkshire Hathaway HomeServices California Properties. Licensed in the State of California, USA.
 
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Berkshire Hathaway HomeServices California Properties
25909 Pala Dr, Suite 100
Mission Viejo CA, 92691
Listing Agent(s): Larson Harley of Lyon Stahl Investment Real Estate, Inc. (310-425-9838)