811 Centinela AveInglewood, CA 90302

Property Details for 811 Centinela Ave

Year built

1958

Lot size

0.27 AC

Property size (Sq ft)

9,234 SF

Zone code

INR3*

Property type

Apartment buildings

APN

4016-001-034

APU

4016001034

Description

This exceptional 13-unit apartment building presents a compelling investment opportunity in Inglewood, CA. Boasting a strong 100% occupancy rate and a substantial NOI of $278,248 (with a pro-forma NOI of $322,320), this property offers significant upside potential. The building, constructed in 1958 and extensively renovated between 2019 and 2024, comprises 9,234 square feet on an 11,571 square foot lot. Improvements include a new roof and gutters (2019), new windows (2019), new garage doors (2020), new heaters in several units (2022), and a significant plumbing upgrade. Five units have undergone recent remodeling, featuring new appliances. The unit mix consists of eleven 1-bedroom/1-bathroom units and two 2-bedroom/1-bathroom units. On-site amenities include a laundry facility, and six units have in-unit washer/dryer hookups. A solar hot water heater system further enhances efficiency. The property is zoned INR* and offers an attractive price per unit of $238,461.54, a price per square foot of $335.72, and a land value price per square foot of $267.91. The asking price is $3,100,000, representing a 5.37% cap rate (6.18% pro-forma). This well-maintained, turnkey asset, family-owned for 36 years, presents a rare opportunity for investors seeking strong returns in a desirable Inglewood location. The property also includes 11 garage parking spaces with security fencing currently under installation.

• CAP approach

  CAP return

  Valuation

  6%

  $3,317,568

  6.5%

  $3,062,370

  7%

  $2,843,629

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,721,703

  Geo Method

  $2,721,703

• Alternative Use

  Use

  Valuation

  Residential

  $3,062,370

  Hospitality

  $2,805,114

  Educational

  $2,333,822

  Medical

  $2,414,086

  Retail

  $3,630,390

Location Insight

City

Inglewood

County

Los Angeles

State

California

Latitude

33.9754

Longitude

-118.353

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].