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.
Property Details
Property Features
Listing Office:
Office Name: Marcus & Millichap
Office Phone: (818) 212-2700
Listing Agent: Filip Niculete
Exterior Features
Exterior Information:
View: None
Lot Features
Lot Information:
Lot Size: 1.25 Acres
Other
Directions Information:
Directions: Stepney & Centinela
Price Information
Listing Price Info
Price Summary:
List Price: $9,750,000
Tax Information:
Annual Amount: $24,397
Tax Year: 2021
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Housing Market Comparison
See how this home compares to others in Inglewood, CA.
This property is $9.0M more than the Median Sold Price in Inglewood, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #23271531
Listing Office:
Office Name: Marcus & Millichap
Office Phone: (818) 212-2700
Listing Agent: Filip Niculete
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. 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. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 4/29/2024, 3:25:19 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Listing History
DATE
EVENT
PRICE
Nov 30, 2000
Nov 30, 2000Home Sold
$900,000
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$24,397
$1,252,874
2020
$23,204
$1,240,028
2019
$22,147
$1,215,715
2018
$21,535
$1,191,878
2017
$21,535
$1,168,509
History based on county public records data.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
9
/10
Wilder's Preparatory Academy Charter
830 N La Brea Ave
Distance between this listing and this school0.39 miles
Public Charter Grades KG-5
5
/10
Centinela Elementary School
1123 Marlborough Ave
Distance between this listing and this school0.42 miles
Public District Grades KG-6
4
/10
Highland Elementary School
430 Venice Way
Distance between this listing and this school0.71 miles
Public District Grades KG-6
Nearby Schools
9
/10
Wilder's Preparatory Academy Charter Middle School
830 N La Brea Ave
Distance between this listing and this school0.39 miles
Public Charter Grades 6-8
1
/10
Grace Hopper STEM Academy
601 Grace Ave
Distance between this listing and this school0.39 miles
Public Charter Grades 6-8
2
/10
Crozier (George W.) Middle School
151 N Grevillea Ave
Distance between this listing and this school0.71 miles
Public District Grades 7-8
Nearby Schools
2
/10
Inglewood High School
231 S Grevillea Ave
Distance between this listing and this school0.86 miles
Public District Grades 9-12
5
/10
City Honors College Preparatory Charter
155 W Kelso St
Distance between this listing and this school1.02 miles
Public Charter Grades 9-12
6
/10
Animo Inglewood Charter High School
3425 W Manchester Blvd
Distance between this listing and this school1.39 miles
The neighbors living near this home have an average income of $30,393. Most Inglewood, CA residents have annual incomes less than $35k. Most families are single, no kids. The most common level of education of people living in this area is high school diploma.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 414 Stepney St
What is the listing price of this property?
The listing price of 414 Stepney St property is $9,750,000.
What type of property is this?
The property 414 Stepney St is land located in Inglewood, California, 90302.
Is this property for sale now?
Active Listing: 414 Stepney St is For Sale (Active/New) which means the seller is accepting offers.
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $24,397 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on November 30, 2000 for $900,000. (source: MLS/tax record).
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This home is located at 414 Stepney St in Inglewood, CA and zip code 90302 in the South Bay neighborhood. This home sits on a 1.25 acre lot. It has been listed on Rocket Homes since May 22, 2023 and is currently priced at $9,750,000.
In March 2024 more than 14 listings in Inglewood, CA were sold above the asking price. During the same period more than 5 listings were sold at asking price, while more than 10 were sold below. In March 2024 in Inglewood, CA there were 9.8% more homes for sale than in February 2024. In March 2024, listings were on the market for 38 days. During the same period, the median list price in this real estate market was $705,999.
From Rocket Homes Real Estate and based on county public records data.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. 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. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. 
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