704 N Centinela Ave
Inglewood, CA 90302
Multifamily Property For Sale · 5 Units

Kingstone Properties, Inc., as exclusive Listing Broker, is please to present the opportunity to acquire 704 Centinela Avenue, Inglewood, CA 90302. 4 Residential Units and 1 Commercial unit currently used as beauty shop, with significant value-add and upside potential. The subject property was built in 1960 and 1947 , of wood frame and stucco construction, one single story and one two story, individually metered for gas, electricity and hot water. Master metered for water with pitched, flat composition shingle and rolled roof. The building size is 4,084 square feet, with 2 tuck under, 4-5 open parking spaces, and 1 car attached garage. Zoned INC3YY which was changed last year to mixed used corridor. The subject property is situated on lot size 7,138 square feet and the site dimensions are 50 X 150. The property is located on Centinela Avenue, a popular well traveled street, North of Florence Avenue and East of La Brea avenue. The subject property is in close proximity to 405 FWY, employment facilities, public transportation, entertainment, parks, shopping and dining. Inglewood is located in Los Angeles County, California, southwest of downtown Los Angeles. The city has a population of 112,482 people, and was incorporated on February 8, 1908. Current developments within Inglewood include the massive 238-acre project Hollywood Park Tomorrow, slated to contain a renovated Hollywood Park Casino, shopping center, 300-room hotel, office space, parks, 2,995 residences, and two lakes. In addition, there are major efforts underway to bring two professional football teams and a stadium to the project. The Inglewood community will be positively impacted by the new jobs created and continuing redevelopment. Inglewood is also home to the Forum, listed on the National Register of Historic Places, and was purchased by the Madison Square Garden Company who renovated the arena into to a world-class concert venue. Another economic trend taking place in the area is the rapid rise of tech companies locating to the West Los Angeles area and adjacent to Inglewood in Playa Vista. Google, Facebook, and Microsoft are just a few miles from Inglewood. This trend will bring high-paying jobs to the area and increased demand for housing and retail. Ease of access to the 405, 105, and 110 freeways and the Los Angeles International Airport; make Inglewood an attractive area for businesses and residents alike. With strong culturally diverse demographics, higher education, excellent health facilities, large centers of employment, and easy access to transportation, Inglewood is a stable environment for real estate investment and future growth.