850 Centinela Ave Inglewood, CA 90302
North Inglewood Neighborhood
3
Beds
2
Baths
5,844
Sq Ft
0.27
Acres
Highlights
- Fireplace in Bathroom
- Laundry Room
- Wall Furnace
- No HOA
- Energy-Efficient Appliances
- 1-Story Property
About This Home
As of November 2024Henry Liao is proud to present 850 & 902 Centinela Ave, Inglewood, California. This well-maintained, newly improved, exceptional turnkey investment opportunity consists of side by side Two (2) - four plex unit apartment buildings in the city of Inglewood. The buildings are identical in size and are effectively are mirror images. The buildings were constructed in 1955 and are each located on separate assessors' parcels, with combined building size of 5,844 SF and total 11,990 SF lot sizes. Each four plex consists of one (1) 2 bed/1 bath unit, and three (3) 1 bed/1bath units. The units are larger than other similar units in this area. The property also has four (4) outdoor parking spaces and four (4) single garage, and two (2) double garage parking spaces for a total of twelve (12) parking spaces. This a part of the investment portfolio includes 811 Centinela, Inglewood CA, 90302.
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
Last Agent to Sell the Property
Henry Liao Brokerage Phone: 310-968-7871 License #01921495 Listed on: 09/17/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,858
Year Built
- Built in 1955
Lot Details
- 0.27 Acre Lot
- Two or More Common Walls
- Density is 6-10 Units/Acre
- 4014031028
Parking
- 8 Car Garage
Home Design
- Apartment
Interior Spaces
- 5,844 Sq Ft Home
- 1-Story Property
- Gas Fireplace
- Living Room with Fireplace
- Fireplace in Kitchen
Bedrooms and Bathrooms
- 3 Bedrooms
- 2 Bathrooms
- Fireplace in Bathroom
Laundry
- Laundry Room
- Gas And Electric Dryer Hookup
Eco-Friendly Details
- Energy-Efficient Appliances
- Energy-Efficient Windows
Utilities
- Wall Furnace
- Private Water Source
Additional Features
- Exterior Lighting
- Urban Location
Listing and Financial Details
- Tenant pays for all utilities
- Tax Lot A
- Tax Tract Number 3650
- Assessor Parcel Number 4014031030
- $28,846 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- 4 Buildings
- 8 Units
Amenities
- Laundry Facilities
Building Details
- 8 Leased Units
- Rent Control
- 8 Separate Electric Meters
- 8 Separate Gas Meters
- 8 Separate Water Meters
- Insurance Expense $2,768
- Professional Management Expense $8,830
- Trash Expense $6,870
- Operating Expense $60,089
- Gross Income $168,901
- Net Operating Income $108,813
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 17, 2024
Closed on
Oct 21, 2024
Sold by
William J Mclaughlin Family Trust and Mclaughlin Robert Thomas
Bought by
Shamtoub David
Seller's Agent
Henry Liao
Henry Liao
Buyer's Agent
Bobby Sillman
Lyon Stahl Investment Real Estate, Inc.
List Price
$2,150,000
Sold Price
$2,225,000
Premium/Discount to List
$75,000
3.49%
Total Days on Market
13
Views
5
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$485,333
Avg. Annual Appreciation
-27.35%
Original Mortgage
$690,000
Outstanding Balance
$687,082
Interest Rate
6.32%
Mortgage Type
New Conventional
Estimated Equity
$1,052,585
Purchase Details
Listed on
Sep 17, 2024
Closed on
Oct 4, 2024
Sold by
Shahri Sepideh
Bought by
Shamtoub David
Seller's Agent
Henry Liao
Henry Liao
Buyer's Agent
Bobby Sillman
Lyon Stahl Investment Real Estate, Inc.
List Price
$2,150,000
Sold Price
$2,225,000
Premium/Discount to List
$75,000
3.49%
Views
5
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$690,000
Outstanding Balance
$687,082
Interest Rate
6.32%
Mortgage Type
New Conventional
Estimated Equity
$1,052,585
Purchase Details
Closed on
Sep 30, 2016
Sold by
Mclaughlin William
Bought by
Mclaughlin William J and William J Mclaughlin Family Trust
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$750,000
Interest Rate
3.46%
Mortgage Type
Commercial
Purchase Details
Closed on
Aug 25, 2016
Sold by
Xie Libin Lydia
Bought by
Mclaughlin William J
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$750,000
Interest Rate
3.46%
Mortgage Type
Commercial
Similar Homes in Inglewood, CA
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $1,150,000 | Lawyers Title Company | |
| Grant Deed | $1,150,000 | Lawyers Title Company | |
| Quit Claim Deed | -- | Lawyers Title | |
| Quit Claim Deed | -- | Lawyers Title | |
| Interfamily Deed Transfer | -- | Chicago Title Company | |
| Interfamily Deed Transfer | -- | Chicago Title Company |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $690,000 | New Conventional | |
| Closed | $690,000 | New Conventional | |
| Previous Owner | $750,000 | Commercial | |
| Previous Owner | $750,000 | Commercial |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 11/21/2024 11/21/24 | Sold | $2,225,000 | +3.5% | $381 / Sq Ft |
| 09/30/2024 09/30/24 | Pending | -- | -- | -- |
| 09/17/2024 09/17/24 | For Sale | $2,150,000 | -- | $368 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $3,858 | $1,150,000 | $900,000 | $250,000 |
| 2024 | $3,858 | $230,962 | $59,721 | $171,241 |
| 2023 | $3,821 | $226,434 | $58,550 | $167,884 |
| 2022 | $3,870 | $221,995 | $57,402 | $164,593 |
| 2021 | $3,835 | $217,643 | $56,277 | $161,366 |
| 2020 | $3,694 | $215,412 | $55,700 | $159,712 |
| 2019 | $3,638 | $211,189 | $54,608 | $156,581 |
| 2018 | $3,518 | $207,049 | $53,538 | $153,511 |
| 2016 | $3,318 | $199,010 | $51,460 | $147,550 |
| 2015 | $3,284 | $196,022 | $50,688 | $145,334 |
| 2014 | $3,297 | $192,184 | $49,696 | $142,488 |
Source: Public Records
Agents Affiliated with this Home
-
Henry Liao
Seller's Agent in 2024
Henry Liao
Henry Liao
(310) 968-7871
1 in this area
2 Total Sales
-
Bobby Sillman
B
Buyer's Agent in 2024
Bobby Sillman
Lyon Stahl Investment Real Estate, Inc.
(310) 230-5478
1 in this area
11 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB24185401
APN: 4014-031-030
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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