Property Description

1129 Centinela Ave in Inglewood, CA is a massive 24-unit gated complex in NW Inglewood boasts a unit mix of one (5) 1-bed/1-bath units and (19) studio units (all single story). The buildings consist of 9,666 SF of living space and is situated on a large 25,185 SF lot with 14 garages and 8 additional parking spots onsite. The property is available for only $187,500/unit, and currently operating at a 5.10% CAP and 11.90 GRM, with significant upside in market rent potential (6.29% CAP & 10.36 GRM). 1129 Centinela also offers ADU potential with the number of garages onsite – or with the size of the lot, a future development of the entire site (buyer to verify ADU/dev. potential). Located within close-proximity to the new So-Fi stadium site, 105 & 405 FWYs, and many restaurants & retailers, this is a great value-add opportunity for any investor.