811 Centinela Ave Inglewood, CA 90302-1549

This exceptional 13-unit apartment building presents a compelling investment opportunity in Inglewood, CA. Boasting a strong 100% occupancy rate and a substantial NOI of $278,248 (with a pro-forma NOI of $322,320), this property offers significant upside potential. The building, constructed in 1958 and extensively renovated between 2019 and 2024, comprises 9,234 square feet on an 11,571 square foot lot. Improvements include a new roof and gutters (2019), new windows (2019), new garage doors (2020), new heaters in several units (2022), and a significant plumbing upgrade. Five units have undergone recent remodeling, featuring new appliances. The unit mix consists of eleven 1-bedroom/1-bathroom units and two 2-bedroom/1-bathroom units. On-site amenities include a laundry facility, and six units have in-unit washer/dryer hookups. A solar hot water heater system further enhances efficiency. The property is zoned INR* and offers an attractive price per unit of $238,461.54, a price per square foot of $335.72, and a land value price per square foot of $267.91. The asking price is $3,100,000, representing a 5.37% cap rate (6.18% pro-forma). This well-maintained, turnkey asset, family-owned for 36 years, presents a rare opportunity for investors seeking strong returns in a desirable Inglewood location. The property also includes 11 garage parking spaces with security fencing currently under installation.