Single-Story Office
For Sale
$1,295,000
718 Centinela Avenue, Inglewood, CA 90302
INC3YY-zoned property with alley access, on-site parking, and a flexible commercial layout.
Property Size3,658 SF
Lot Size0.16 Acres
Price / SF$354.02
Days on Market13
Property Features for 718 Centinela Avenue
General Information
Standard status
Active
Size
3,658 SF
Lot size
0.16 Acres
Property subtype
General Commercial
Zoning
INC3YY
Site & Location
Highway Access
Yes
Road Access
Yes
Amenities
10 Parking Spaces.
Gated Community.
Building Details
Year Built
1921
Buildings
1
Stories
1
Building Size
3,658 SF
Listing Agency:
Kidder Mathews of California, Inc.
(858) 369-3010
Listed By:
Casey Lins · License #01902650
Source:
Xome
Added: Aug 17
Changed: Aug 28
Last Checked: Aug 28 at 7:03AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Kidder Mathews of California, Inc.
Investment Insights
Based on property information with market context.
This single-story office building contains 3,658 SF on a 7,128 SF parcel and includes an efficient floor plan, more than 10 on-site parking spaces, and alley access. The property has undergone extensive recent improvements and is positioned for professional, medical, retail, showroom, creative office, or service-oriented use, subject to buyer verification of permitted uses.
The building is located along Centinela Avenue in Inglewood, with connections to Century Boulevard, La Cienega Boulevard, Interstate 405, Interstate 105, and LAX. SoFi Stadium, the Intuit Dome, and the Kia Forum are identified as nearby commercial activity anchors. Built in 1921, the property carries INC3YY zoning and offers a compact commercial configuration with parking and multiple access points.
The building is located along Centinela Avenue in Inglewood, with connections to Century Boulevard, La Cienega Boulevard, Interstate 405, Interstate 105, and LAX. SoFi Stadium, the Intuit Dome, and the Kia Forum are identified as nearby commercial activity anchors. Built in 1921, the property carries INC3YY zoning and offers a compact commercial configuration with parking and multiple access points.
Key Highlights
- 3,658 SF single‑story office building on a 7,128 SF parcel
- 10+ on‑site parking spaces with convenient alley access
- INC3YY zoning; buyer to verify permitted uses
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$78,354
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.05%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,567,080
$1.6M
Cap Rate 7%
$1,119,343
$1.1M
Cap Rate 9%
$870,600
$870.6K
Market Conditions
NOI Build-Up for 3,658 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$122.9K $33.60/SF
− Vacancy
−$18.4K −$5.04/SF
EGI
$104.5K $28.56/SF
− OpEx
−$26.1K −$7.14/SF
NOI
$78.4K $21.42/SF
Area
Inglewood, CA
Vacancy
15.00%
Lease Rate
$33.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,567,080
Cap Rate 7%
$1,119,343
Cap Rate 9%
$870,600
Alternative Uses
Best Use
Office B
$1.12M
$979.4K – $1.31M
NOI $78,354 @ 7.0% cap · market cap 6.05%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.49M
$1.31M – $1.74M
NOI $104,472 @ 7.0% cap · market cap 8.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,091
Businesses Nearby
Explore this area
Business Placement
Demographics for 90302, CA
29,264
Population
11,366
Households
2.6
Avg Household Size
36
Median Age
30%
College-Educated
81%
High-School Grad
1.9 sq mi
ZIP Area
15,402
Density / Sq Mi
$72,461
Median Household Income
$37,675
Median Earnings
$1,784
Median Rent
$731,300
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - INC3YY-zoned property with alley access, on-site parking, and a flexible commercial layout.
Where is this office building located?
The property is located at 718 Centinela Avenue Inglewood, CA.
What is the asking price?
The asking price for this property is $1,295,000.
What are key features of this property?
This property features: 3,658 SF single‑story office building on a 7,128 SF parcel; 10+ on‑site parking spaces with convenient alley access; INC3YY zoning; buyer to verify permitted uses
