921 Edgewood Street

Description

921 Edgewood St, a residential development opportunity in Inglewood just south of Centinela Ave. The lot is vacant and totals 22,208 SF zoned INR3; the site was previously entitled to build 38 units. Offered at $112 PSF at the asking price; rare large vacant lot with no tenant relocation required. Ability to achieve greater density by applying California State Assembly Bills AB 1763 and AB 2334. 2024 CTCAC/HCD Opportunity qualifies the location in the moderate resource area, which provides additional benefits for developers seeking potential tax credits. City of Inglewood and Century Housing established The Inglewood Fund to provide specialized financing for the acquisition, preservation, and development of affordable housing and mixed income housing in Inglewood at 3% fixed interest rates for developments providing at least 50% affordable housing. Ideal location on the edge of Inglewood & Ladera Heights that is densely populated with affluent demographics; easy access to the 405 Freeway and an easy commute to Playa Vista, the South Bay, and the Westside of Los Angeles. Located less than three miles from the Westfield Culver City and SoFi Stadium, Kia Forum, and Hollywood Park, and five miles from Loyola Marymount University. Excellent walk score of 92; walking distance to retail amenities on N La Brea Ave including Ralphs and La Brea Plaza shopping center; steps from multiple Metro local line stops on Centinela Ave.

Listing information courtesy of: Neema Ahadian, Marcus & Millichap . *Based on information from the Association of REALTORS/Multiple Listing as of 11/12/2024 and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.