Thank you
Filip Niculete
Marcus & Millichap
818-212-2700
We are proud to present 414 Stepney Street, a unique opportunity for a developer to build 100% affordable units which would allow for unlimited density.The Offering is comprised of 54,484 square feet of land (approx. 1.25 acres) zoned R3/MU. The Site is currently run as a mobile home park and grosses $442,000 per year. This allows for a developer to cash flow while plans and entitlements are drafted for the sites highest and best use. The Lot is located on the corner of Centinela Avenue and Stepney Street just North of Florence Avenue in the highly sought after City of Inglewood. With a Walk Score of 84, The Offering is located less than 2 miles from Hollywood Park, home to the $6B Sofi Stadium and the highly anticipated $2B Intuit Dome new home of the LA Clippers. The master planned community will also include approximately 3,000 new residential units, 1.5 million square feet of new retail space, and 20 acres of parkland. The City of Champions is known for its extraordinary sports history, but more importantly for investors, it is known as a development hub with superb investment opportunities due to its pro-growth and user-friendly municipal government which caters to progression. Exciting developments have brought the world to the City of Inglewood for sports, entertainment, and business opportunities. But for Inglewood residents, these changes have come at a cost with rising rents leading to tough choices.The Inglewood Home Assist Fund (Inglewood Fund), made possible by the City of Inglewood and Mayor James T. Butts in connection with the construction of the Intuit Dome, takes center court as a $75 million initiative to meet the growing demand for housing in the City of Inglewood. Century Housing, along with our partners, will administer the fund by lending to qualified developers for the acquisition, development, and preservation of affordable and mixed-income housing. Developers based in Inglewood will receive priority.
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Total Baths: 0
Full Baths: 0
Half Baths: 0
Lot Dimensions Source: Vendor Enhanced
Lot Size Acres: 1.2508
Lot Size Source: Assessor
Lot Size Square Feet: 54484
Original List Price: 9,750,000
Listing Contract Date: 2023-05-17
Listing Agreement: Seller Reserved
Parcel Number: 4015004020
Lease Term: Negotiable
Source Listing Status: Active
Source Neighborhood: 101 - North Inglewood
Postal Code Plus 4: 2425
Directions: Stepney & Centinela
Zoning: INR3*
Source Property Type: Land
Area: 101 - North Inglewood
Year Built Source: Vendor Enhanced
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
301 E Plymouth Street, Inglewood, CA,90302 | $1,600,000 | 6 | -- | 3,530 | 7942 Sqft |
1042 N Market Street, Inglewood, CA,90302 | $1,600,000 | -- | -- | 4,456 | 5035 Sqft |
557 Stepney Street, Inglewood, CA,90302 | $995,500 | 5 | 2 | 1,848 | 5999 Sqft |
546 Hyde Park Pl, Inglewood, CA,90302 | $995,900 | 4 | 2 | 1,762 | 7127 Sqft |
326 E Beach Avenue, Inglewood, CA,90302 | $749,800 | 5 | 3 | 1,600 | 5172 Sqft |
915 Enterprise Avenue, Inglewood, CA,90302 | $1,550,000 | 11 | -- | 5,435 | 7501 Sqft |
215 W Plymouth Street, Inglewood, CA,90302 | $1,349,000 | 6 | -- | 2,720 | 10018 Sqft |
215 W Plymouth Street, Inglewood, CA,90302 | $1,349,000 | -- | -- | -- | 10018 Sqft |
536 E Fairview Boulevard, Inglewood, CA,90302 | $1,175,000 | 4 | -- | 2,316 | 5896 Sqft |
924 N Chester Avenue, Inglewood, CA,90302 | $870,000 | 3 | -- | 1,633 | 4794 Sqft |
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ByOwner last updated this listing 05/11/2024 @ 19:54
MLS: 23271531
LISTED BY: Filip Niculete, Marcus & Millichap
SOURCE: CRMLS
Buyer Agency Compensation: 1%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.