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    740 Centinela Avenue

    Inglewood, CA 90302
    • $2,750,000
    • STATUS: Active
    • ON SITE: 192 days
    • ID#: DW21008097
    UPDATED: 24 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

    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 2021-07-25T20:24:27.347. 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 Keller Williams Realty. Licensed in the State of California, USA.
    www.therealestategirl.com/homes/113254511
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    740 Centinela Avenue Inglewood, CA 90302

    • Price: $2,750,000
    • Status: Active
    • Updated: 24 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

    Listing provided courtesy of Reyes Mejia of Realty Group Advisors


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-07-25T20:24:27.347. 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 Keller Williams Realty. Licensed in the State of California, USA.
     
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