850 Centinela Avenue
Closed 11/21/24
Closed 11/21/24
Description
850 & 902 buildings are located on a separate assessors’ parcel, these units meet the criteria for buildings consisting of 1-4-unit or less pursuant to the City of Inglewood's rent control Ordinance. Assumable Loan until 05/2027 @ 3.58%
Large rent upside potential
Potential of additional 2 ADU
Highly desirable area in Inglewood
Great unit mix of (2) 2-bed/1 bath and (6) 1 bed/1 bath units
On site laundry facility
Exceptionally well-maintained asset
New Roof 2023
New heater for all units 2022
Newer windows and stuccos
Total twelve (12) onsite parking spaces
six (6) garages with total of eight (8) garaged parking space & four (4) exterior parking spaces + possible 4 more parking space
3 out of 8 units has been fully remodeled
902 Centinela #1, remodeled in 2021
902 Centinela #2, remodeled in 2021
850 Centinela #4, remodeled in 2023
- Listed by Henry Liao • DRE #01921495 • Brokerage DRE #01921495 • Henry Liao • 310-968-7871
Property Details for 850 Centinela Avenue
Property Details for 850 Centinela Avenue
| Status | Closed |
|---|---|
| MLS # | SB24185401 |
| Days on Market | 13 |
| Taxes | - |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1955 |
| County | Los Angeles County |
Building Information for 850 Centinela Avenue
Property Information for 850 Centinela Avenue
- Tenant Pays: All Utilities
- Gross Income: $168,901
- Gross Scheduled Income: $176,602
- Net Operating Income: $108,813
- Gross Multiplier: 12.17
- Cap Rate: 4.95
- Financing: Conventional
- Operating Expense: $69,089
- Insurance Expense: $2,768
- Professional Management Expense: $8,830
- Trash Expense: $6,870
- Total Expenses: $60,089
- Tax Tract Number: 3650
- Tax Census Tract: 6009.11
- CFD/Mello-Roos Fee: $28,846
- Tax Lot: A
- Community Features: Sidewalks, Street Lights, Urban
- Laundry: Yes
- Laundry Features: Community, Gas & Electric Dryer Hookup
- Fireplace Features: Bath, Kitchen, Living Room, Gas
- Fireplace Rooms: Bath, Gas, Kitchen, Living Room
- Heating Type: Wall
- Heating: Wall Furnace
- Entry Location: 1
- Pool Features: None
- Pool Description: None
- Pool: N/K
- Green Energy Efficient: Appliances, Windows
- Additional Parcels Description: 4014031028
- Lot Features: 6-10 Units/Acre
- Number Of Units: 8
- Land Lease: No
- Land Lease Type: Fee
- Levels: One
- Water: Private
- Sewer: Public Sewer
- Utilities: Electricity Available, Electricity Connected
- Electric: Electricity Available, Electricity Connected
- Water Source: Private
- Garage Spaces: 8
- Parking Garage Spaces: 8
- Carport Spaces: 0
- Unit Type Units Total: 2
- Unit Type Beds Total: 2
- Unit Type Baths Total: 1
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 6
- Unit Type Garage Attached: Yes
- Unit Type Actual Rent: $176,602
- Unit Type Total Rent: $176,602
- Unit Type Pro Forma: 205488
- Unit Type Type: 1
- Unit Type Units Total: 6
- Unit Type Beds Total: 1
- Unit Type Baths Total: 1
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 6
- Unit Type Garage Attached: Yes
- Unit Type Actual Rent: $176,602
- Unit Type Total Rent: $176,602
- Unit Type Pro Forma: 205488
- Unit Type Type: 2
- Number Of Units Leased: 8
- Rent Controlled: Yes
- Number Of Buildings: 4
- Number Of Separate Electric Meters: 8
- Number Of Separate Gas Meters: 8
- Number Of Separate Water Meters: 8
Property History for 850 Centinela Avenue
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 850 Centinela Avenue
Schools near 850 Centinela Avenue
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | K to 8 | |||
| Public - | 7 to 8 | |||
| Public - | 9 to 12 | |||
| Charter - | 6 to 8 |
Rating | School | Distance |
|---|---|---|
Centinela Elementary School PublicK to 8 | ||
Crozier (George W.) Middle School Public7 to 8 | ||
Inglewood High School Public9 to 12 | ||
Wilder's Preparatory Academy Charter Middle Charter6 to 8 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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Listing Courtesy of Henry Liao, Henry Liao, DRE #01921495
Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.