414 Stepney Street

414 Stepney Street

Inglewood, CA 90302

$9,750,000
Price
54,484 / 1.25
Lot Size / Acres
a front view of a building
a view of a city
a view of a city
an aerial view of multiple house
a view of city
an aerial view of a city
an aerial view of a city
an aerial view of a city
an aerial view of a city
an aerial view of a city with lots of residential buildings

Description

We are proud to present 414 Stepney Street, a unique opportunity for a developer to build 100% affordable units which would allow for unlimited density. The Offering is comprised of 54,484 square feet of land (approx. 1.25 acres) zoned R3/MU. The Site is currently run as a mobile home park and grosses $442,000 per year. This allows for a developer to cash flow while plans and entitlements are drafted for the sites highest and best use. The Lot is located on the corner of Centinela Avenue and Stepney...We are proud to present 414 Stepney Street, a unique opportunity for a developer to build 100% affordable units which would allow for unlimited density. The Offering is comprised of 54,484 square feet of land (approx. 1.25 acres) zoned R3/MU. The Site is currently run as a mobile home park and grosses $442,000 per year. This allows for a developer to cash flow while plans and entitlements are drafted for the sites highest and best use. The Lot is located on the corner of Centinela Avenue and Stepney Street just North of Florence Avenue in the highly sought after City of Inglewood. With a Walk Score of 84, The Offering is located less than 2 miles from Hollywood Park, home to the $6B Sofi Stadium and the highly anticipated $2B Intuit Dome new home of the LA Clippers. The master planned community will also include approximately 3,000 new residential units, 1.5 million square feet of new retail space, and 20 acres of parkland. The City of Champions is known for its extraordinary sports history, but more importantly for investors, it is known as a development hub with superb investment opportunities due to its pro-growth and user-friendly municipal government which caters to progression. Exciting developments have brought the world to the City of Inglewood for sports, entertainment, and business opportunities. But for Inglewood residents, these changes have come at a cost with rising rents leading to tough choices. The Inglewood Home Assist Fund (Inglewood Fund), made possible by the City of Inglewood and Mayor James T. Butts in connection with the construction of the Intuit Dome, takes center court as a $75 million initiative to meet the growing demand for housing in the City of Inglewood. Century Housing, along with our partners, will administer the fund by lending to qualified developers for the acquisition, development, and preservation of affordable and mixed-income housing. Developers based in Inglewood will receive priority.
  1. Listed by Filip Niculete • DRE #01905352 • Brokerage DRE #01240999 • Marcus & Millichap
  2. Listed by Glen Scher • DRE #01962976 • Brokerage DRE #01240999 • Marcus & Millichap

Property Details for 414 Stepney Street

Zoning
INR3*
Parcel Number
4015004020
Area
North Inglewood (101)
Lot Size Area
54484
Source Lot Size Area
Assessor
Assessor Parcel Number
4015-004-020
Directions
Stepney & Centinela

Location

Listing Courtesy of Marcus & Millichap, Filip Niculete, DRE #01905352; Marcus & Millichap, Glen Scher, DRE #01962976
Add your commute
LISTING UPDATED: 04/24/2024 02:52 PM

Property Details for 414 Stepney Street

StatusActive
MLS #23-271531
Days on Market359
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeLand
MLS TypeLand Lot
Year Built-
Lot Size1.25 AC
CountyLos Angeles County

Location

Listing Courtesy of Marcus & Millichap, Filip Niculete, DRE #01905352; Marcus & Millichap, Glen Scher, DRE #01962976
Add your commute

Building Information for 414 Stepney Street

Lot Size1.25 AC

Payment Calculator

$55,275 per month

30 year fixed, 7.25% Interest

Principal and Interest

$53,210

Property Taxes

$2,065

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 414 Stepney Street

Community / Development
Community / Development
  • Senior Community: No
Structure Info
Structure Info
  • View: No
  • View Description: None
  • View: None
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Land / Lot Info
Land / Lot Info
  • Special Zoning: None
  • Lot Acreage: 1.2507
  • Lot Size Square Feet: 54484
  • Telephone: 1.0
  • Cable: 1.0
Parking Details
Parking Details
  • Total Parking: 0
Exterior Features
Exterior Features
  • New Construction: No
Lease Terms
Lease Terms
  • Entry Date: 05-22-2023

Property History for 414 Stepney Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 414 Stepney Street

Taxable ValueLand$1,158,665Additions$144,823Total$1,303,488
Tax Record2023$24,784 ($2,065 / month)
Home Facts
Total Finished SqFt3,895 SqFtAbove Grade Finished SqFt3,895 SqFtLot Size54,484 SqFtStyleMulti-Family Res (5+ Units)Year Built1928ZoningINR3*CountyLOS ANGELESAPN4015-004-020

Schools near 414 Stepney Street

This home is within Inglewood Unified School District.
Rating
School
Type
Grades
Distance
Highland Elementary School
Public - K to 6
Crozier (George W.) Middle School
Public - 7 to 8
Inglewood High School
Public - 9 to 12
Grace Hopper Stem Academy
Charter - 6 to 8
Rating
School
Distance
Highland Elementary School
PublicK to 6

Crozier (George W.) Middle School
Public7 to 8

Inglewood High School
Public9 to 12

Grace Hopper Stem Academy
Charter6 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

Homes for Sale near North Inglewood

Neighborhoods

Cities

ZIPs

More information about 414 Stepney Street, Inglewood, CA 90302

414 Stepney Street is a 1.25 ac of land for sale in Inglewood, CA 90302. This property was listed for sale on May 17, 2023 by Marcus & Millichap, it's currently listed at $9,750,000. This listing's school district is Inglewood Unified School District. Nearby schools include Highland Elementary School, Crozier (George W.) Middle School and Inglewood High School. 414 Stepney Street is a 0-bed, 0-bath, 1.25 ac of land on a 54,484 sq. ft. / 1.25 acres lot.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Marcus & Millichap, Filip Niculete, DRE #01905352; Marcus & Millichap, Glen Scher, DRE #01962976

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.