921 Edgewood St

• The Neema Group of Marcus and Millichap is proud to present 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