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740 Centinela Avenue

Inglewood, CA 90302
  • $2,750,000
  • STATUS: Active
  • ON SITE: 327 Days
  • ID#: DW21008097
UPDATED: 81 min ago
$2,750,000
  • 0
    BEDS
  • 0.39
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 7,705
    SQFT
  • $357
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
2014
County:

School Ratings & Info

Listing Agent: Reyes Mejia of Realty Group Advisors


Description

Hyde Park Plaza is a new construction, freestanding eight unit building located in the up-and-coming City of Inglewood. Inglewood has recently seen an increase in the medium income and that demonstrates a strong economic upward trend for the area. This strong value indicator is coupled with the fact that a new stadium complete, and this large amenity and city attraction is estimated to bring roughly 3,000 new residential units to the immediate area.Additional improvements in the area that are increasing values and demand are an artificial lake and a revamped casino to Hollywood Park and its surrounding area. Today the CAP rate for The Hyde Park Plaza is 5%, but it could be a 6% CAP rate once fully occupied and become a stabilizedasset. Owner open to seller financing.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2021-12-07T00:25:38.313. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Twiss Realty. Licensed in the State of California, USA.
www.twissrealty.com/homes/113254511
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740 Centinela Avenue Inglewood, CA 90302

  • Price: $2,750,000
  • Status: Active
  • On Site: 327 Days
  • Updated: 81 min ago
  • ID#: DW21008097
0
Beds
0
Baths
0
½ Baths
0.39
Acres
7,705
SQFT
$357
$/SQFT
2014
Built
Neighborhood:
699 - Not Defined
County:
Los Angeles
Area:
699 - Not Defined
Property Description
Hyde Park Plaza is a new construction, freestanding eight unit building located in the up-and-coming City of Inglewood. Inglewood has recently seen an increase in the medium income and that demonstrates a strong economic upward trend for the area. This strong value indicator is coupled with the fact that a new stadium complete, and this large amenity and city attraction is estimated to bring roughly 3,000 new residential units to the immediate area.Additional improvements in the area that are increasing values and demand are an artificial lake and a revamped casino to Hollywood Park and its surrounding area. Today the CAP rate for The Hyde Park Plaza is 5%, but it could be a 6% CAP rate once fully occupied and become a stabilizedasset. Owner open to seller financing.
Exterior Features

Lot Features 0-1 Unit/AcreCorner Lot

Property Features

Additional Parcels YN No Common Interest None Land Lease YN No Laundry Features None Listing Agreement Exclusive Right To Sell Property Sub Type Mixed Use Special Listing Conditions Standard Water Source Public



Based on information from California Regional Multiple Listing Service, Inc. as of 2021-12-07T00:25:38.313. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Twiss Realty. Licensed in the State of California, USA.
 
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Twiss Realty
5071-A Cole Road
Mariposa CA, 95338
Listing Agent: Reyes Mejia of Realty Group Advisors