Four-Unit Residential Income
921 Centinela Ave, Inglewood, CA 90302
For Sale
New
$995,000
Four detached single-story residences include individual water heaters and a garage for each unit.
Property Size2,737 SF
Lot Size0.18 Acres
Price / SF$363.54
Days on Market4
Property Features for 921 Centinela Ave
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Financials
Cap Rate
Gross Rent Multiplier
Site & Location
Neighborhood
Public Transit
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Stories
Listing Agency:
Shield CRE, Inc.
Listed By:
Jonathan Nikfarjam · License #01856803
(310) 593-9868
Source:
Benbelack
Added: Nov 4
Changed: Nov 6
Last Checked: Nov 6 at 2:18PM
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 Shield CRE, Inc.
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Investment Insights
Based on property information with market context.
This 1953 residential income property comprises four single-story units across 2,737 square feet on a 7,938-square-foot lot. Each residence has its own water heater, and the property includes four garages. Improvements include new roofs, replacement windows, updated electrical systems, and exterior paint. One renovated studio with one bathroom and a nonconforming den will be delivered vacant; washer and dryer hookups are available in one unit.
The property is approximately 1.5 miles from SoFi Stadium and The Forum, and about 2 miles from Intuit Dome. Other named destinations include Hollywood Park, YouTube Theater, Metro Rail, SpaceX, Tesla, LAX Airport, and the Inglewood Transit Connector project.
The stated current cap rate is 5.81% with an 11.37 GRM; pro forma figures are a 7.63% cap rate and 9.37 GRM. The property is described as exempt from Inglewood’s local rent cap and subject to AB 1482 only.
The property is approximately 1.5 miles from SoFi Stadium and The Forum, and about 2 miles from Intuit Dome. Other named destinations include Hollywood Park, YouTube Theater, Metro Rail, SpaceX, Tesla, LAX Airport, and the Inglewood Transit Connector project.
The stated current cap rate is 5.81% with an 11.37 GRM; pro forma figures are a 7.63% cap rate and 9.37 GRM. The property is described as exempt from Inglewood’s local rent cap and subject to AB 1482 only.
Key Highlights
- Four single‑story units totaling 2,737 square feet on a 7,938‑square‑foot lot
- Four garages; each residence has an individual water heater
- New roofs, replacement windows, updated electrical systems, and exterior paint
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,826
Cap Rate
3.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$776,520
$776.5K
Cap Rate 7%
$554,657
$554.7K
Cap Rate 9%
$431,400
$431.4K
Market Conditions
NOI Build-Up for 2,737 SF
Gross rent
$55.8K $20.40/SF
− Vacancy
−$369 −$0.13/SF
EGI
$55.5K $20.27/SF
− OpEx
−$16.6K −$6.08/SF
NOI
$38.8K $14.19/SF
Area
Inglewood, CA
Vacancy
0.66%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$776,520
Cap Rate 7%
$554,657
Cap Rate 9%
$431,400
Alternative Uses
Best Use
Multifamily LT 5
$554.7K
$485.3K – $647.1K
NOI $38,826 @ 7.0% cap · market cap 3.90%
Second Best
Apartment 5plus
$484.3K
$423.8K – $565.0K
NOI $33,902 @ 7.0% cap · market cap 3.41%
Theoretical Best
Office A
$1.12M
$977.1K – $1.30M
NOI $78,169 @ 7.0% cap · market cap 7.86%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,200
Businesses Nearby
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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
$731,300
Median Home Value
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Market
Average Price Trend$/SF for Quadplexes in Los Angeles County, CA
Properties on Market for Quadplexes in Los Angeles County
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Four detached single-story residences include individual water heaters and a garage for each unit.
Where is this quadplex located?
The property is located at 921 Centinela Ave Inglewood, CA.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: Four single‑story units totaling 2,737 square feet on a 7,938‑square‑foot lot; Four garages; each residence has an individual water heater; New roofs, replacement windows, updated electrical systems, and exterior paint
