Price Reduction - New Construction - Seller Financing
Address
740 Centinela Avenue Inglewood, CA
Price
$ 2,750,000
Property Attributes
  • MLS#DW21008097
  • TypeCommercial
  • CountyLOS ANGELES
  • CityInglewood
  • Zip90302
  • StyleMixed Use
  • Price$ 2,750,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size0.39 Acres
Listing Provided Courtesy Of:
Reyes Mejia with Realty Group Advisors.
Data Source:
CRMLS
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 stabilized asset. Owner open to seller financing.

Price History
1/14/2021 Listed $29,000,000
3/26/2021 91% - $2,750,000

General Features

MLS Area 699 - Not Defined
Property SubType Mixed Use
Property Type Commercial Sale

Interior Features

Laundry Features None

Exterior Features

Lot Features 0-1 Unit/Acre, Corner Lot
Lot Size Acres 0.39
Lot Size Area 16988
Lot Size Source Assessor
Lot Size Square Feet 16988
Lot Size Units Square Feet
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 90302

Price
AVG $1.06M
$2.75M
Visits
AVG 86
84
Year Built
AVG 1988
2014
Walkscore
AVG 86
84
Data Provided by Walkscore ® not using MLS data

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