335-339 Centinela Ave & 434 Warren Ln, Inglewood, CA 90302

335-339 Centinela Ave & 434 Warren Ln, Inglewood, CA 90302

Inglewood, CA

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.

Property Features

  • Sale Price: $1,695,000
  • Area Size: 2,700 Sq. Ft.
  • Year Built: 1940
  • Listing Date: 2/3/2024

Lyon Stahl Investment Real Estate

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