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704 N Centinela Ave
Inglewood, CA 90302
Multifamily Property For Sale
·
5 Units
Investment Highlights
- 5-unit value-add opportunity in North Inglewood
- Four units vacant at closing; fifth expected vacant by July 18
- Separate gas and electric meters with approximately 6–7 parking spaces
- Per city, Storefront unit can be converted into residential. Buyer verify.
- Separate rear 3-bedroom house with attached 1-car garage
- TREMENDOUS UPSIDE POTENTIAL.
Executive Summary
Rare 5-unit value-add investment opportunity in North Inglewood offered at $899,000. The property consists of a front fourplex with three residential units and one commercial storefront, plus a detached rear 3-bedroom, 1-bath house with an attached two-car garage. Four units are expected to be delivered vacant at closing, with the remaining unit anticipated to be vacant on or before July 18, creating a unique opportunity to renovate and reposition a fully vacant asset. Per the City of Inglewood, the commercial unit may be eligible for conversion to residential use, subject to buyer verification and City approval. Property features approximately 6 to 7 parking spaces, common-area laundry, separate gas and electric meters, and Mixed-Use Corridor zoning. Probate sale with no court confirmation required. Property sold as-is.
Property Facts Under Contract
Amenities
Unit Amenities
- Heating
Site Amenities
- Private Bathroom
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 1 | $4,094 CAD | 850 |
| 1+1 | 3 | $3,026 CAD | 750 |
| 3+1 | 1 | $4,683 CAD | 900 |
Property Taxes
| Parcel Number | 4014-025-002 | Improvements Assessment | $448,191 CAD |
| Land Assessment | $1,127,707 CAD | Total Assessment | $1,575,899 CAD |
Property Taxes
Parcel Number
4014-025-002
Land Assessment
$1,127,707 CAD
Improvements Assessment
$448,191 CAD
Total Assessment
$1,575,899 CAD
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