917 Centinela Avenue

Inglewood, CA 90302

$1,999,999
Last Sold Price
10
Beds
7
Baths
5,397 Sq. Ft.
$371 / Sq. Ft.
5,397
Sq. Ft.
$371
per Sq. Ft.

Description

Price reduced $101,000! Current CASH ON CASH Return is 5% day 1! 917 Centinela Avenue is an 8-unit investment property located in Inglewood, California. With the LA RAMS brand new Sofi Stadium, LA Clippers Arena, and Hollywood Park all located within close proximity, this provides a futuristic economic outlook for the metro specifically. The property is conveniently located within short distance from Ralphs, Starbucks, and several other quick service restaurants and less than a 5 minute drive to...Price reduced $101,000! Current CASH ON CASH Return is 5% day 1! 917 Centinela Avenue is an 8-unit investment property located in Inglewood, California. With the LA RAMS brand new Sofi Stadium, LA Clippers Arena, and Hollywood Park all located within close proximity, this provides a futuristic economic outlook for the metro specifically. The property is conveniently located within short distance from Ralphs, Starbucks, and several other quick service restaurants and less than a 5 minute drive to the 405 freeway. This property boasts an above average 90 walk score and has an ideal and diverse unit mix of two bedroom, one bedroom, and studio floor plans. For an investor looking for immediate strong cash flow, a well located property, and an opportunity to raise rents by renovating units, this makes for a strong investment.
  1. Listed by Jonathan Weir • DRE #02038545 • Brokerage DRE #01240999 • Marcus & Millichap

Property Details for 917 Centinela Avenue

Zoning
INR3*
Parcel Number
4016002014
Total Units
8.0
Living Area
5397
Source Living Area
Assessor
Area
North Inglewood (101)
Vacancy Rate
None
Lot Size Area
7587

Location

Listing Courtesy of Marcus & Millichap, Jonathan Weir, DRE #02038545

Sold By George Chigogidze, Broker, George Chigogidze, DRE #01925389

Add your commute
LISTING UPDATED: 05/18/2021 01:38 PM

Property Details for 917 Centinela Avenue

StatusSold
MLS #21-678616
Days on Market111
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1960
Lot Size0.17 AC / 7,587 SF
CountyLos Angeles County

Location

Listing Courtesy of Marcus & Millichap, Jonathan Weir, DRE #02038545

Sold By George Chigogidze, Broker, George Chigogidze, DRE #01925389

Add your commute

Building Information for 917 Centinela Avenue

Stories2Residences-Year Built1960Building Size-Lot Size0.17 AC / 7,587 SF

Payment Calculator

$13,242 per month

30 year fixed, 7.25% Interest

Principal and Interest

$10,915

Property Taxes

$2,327

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 917 Centinela Avenue

Community / Development
Community / Development
  • Number Of Units: 8
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Assessor
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Multifamily
Contract Info
Contract Info
  • Probate: No
  • Disclosures: None
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $148,156
  • Net Operating Income: $101,918.00
  • Gross Income: $149,356
  • Cap Rate: 5.10%
  • Gross Rent Multiplier: $13.09
  • Actual Annual Gross Rent: $152,738.00
  • Vacancy Allow Dollar: $4,582.00
  • Vacancy Allow Percent: 3.00%
  • Total Annual Expense: 47438
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1742
  • Lot Size Square Feet: 7587
Parking Details
Parking Details
  • Parking Garage: None
  • Total Parking: 6
  • Open Other Spaces Total: 2
  • Garage Spaces Total: 4
  • Parking Features: None
Interior Features
Interior Features
  • Cooling: None
  • Cooling Type: None
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Equipment: None
Exterior Features
Exterior Features
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 01-11-2021
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,967.00
  • Unit Actual Rent: $5,901.00
  • Unit Projected Rent: $6,750.00
  • Like Units: 3
Unit 2 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $965.00
  • Unit Actual Rent: $1,930.00
  • Unit Projected Rent: $2,400.00
  • Like Units: 2
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,633.00
  • Unit Actual Rent: $4,898.00
  • Unit Projected Rent: $5,385.00
  • Like Units: 3
Unit Details
  • Unit Type Type: 2106, 2107, 2108
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $234,200.00
  • Assessed Improvement Percent: 24.84
  • Assessed Land Value: $708,615.00
  • Assessed Land Percent: 75.16
  • Assessed Total Value: $942,815.00

Property History for 917 Centinela Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 917 Centinela Avenue

Taxable ValueLand$1,768,680Additions$312,360Total$2,081,040
Tax Record2023$27,930 ($2,327 / month)
Home Facts
Total Finished SqFt5,397 SqFtAbove Grade Finished SqFt5,397 SqFtLot Size7,587 SqFtStyleMulti-Family Res (5+ Units)Year Built1960ZoningINR3*CountyLOS ANGELESAPN4016-002-014

Schools near 917 Centinela Avenue

This home is within Inglewood Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 7 to 8
Public - 9 to 12
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

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

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Similar Sold Homes

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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, Jonathan Weir, DRE #02038545

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.