Address
945 S Prairie Avenue Inglewood, CA
Price
$ 3,595,000
Property Attributes
  • MLS#SB20030072
  • TypePending
  • CountyLOS ANGELES
  • CityInglewood
  • AreaSouth Inglewood
  • Zip90301
  • StyleRetail
  • Year Built1969
  • Taxes$ 45657
  • Price$ 3,595,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size0.39 Acres
Listing Provided Courtesy Of:
Stephen Lampe with Re/Max Commercial & Investment.
Data Source:
California Regional MLS (CRMLS) - 25 - CA
Property Description

The subject property is a commercial retail center in the heart of Inglewood’s Entertainment District. The property is located at 945 South Prairie Avenue, across from the main entrance to the new $5 Billion SoFi Stadium which will be completed in 2020. The improvements consist of 8,357 square feet of gross building area within 2 stories on a 16,912 square foot parcel zoned C2. There are 14 suites. There is tremendous upside in this investment offering with a CAP rate pf 6%+ on stabilized NOI at market rents. The property could also be developed in an assemblage with an adjacent parcel on Prairie that is approximately 1 acre. The location across from the SoFi Stadium, and the Hollywood Park Mixed-Use Entertainment Complex provides a unique opportunity to acquire a property along the main boulevard of Inglewood’s path of redevelopment.

Price History
6/13/2021 Listed $3,595,000

General Features

Additional Parcels Description 4024009003
Additional Parcels Y/N Yes
Listing Agent Stephen Lampe - BRE#01164364
Listing Agent State License 01164364
MLS Area 102 - South Inglewood
Property Sub Type Additional Retail
Property SubType Retail
Property Type Commercial Sale
Special Listing Conditions Standard
Status Pending

Interior Features

Laundry Features None

Exterior Features

Lot Features Level, Rectangular Lot, Street Level
Lot Size Acres 0.39
Lot Size Area 16912
Lot Size Source Assessor
Lot Size Square Feet 16912
Lot Size Units Square Feet
Number of Buildings 1
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Pending Average in 90301

Price
AVG $1.06M
$3.6M
Visits
AVG 19
43
Year Built
AVG 1977
1969
Walkscore
AVG 79
73
Data Provided by Walkscore ® not using MLS data