Skip To Content
    Return to Previous Page

    701 S La Brea Avenue

    Inglewood, CA 90301
    • $1,495,000
    • STATUS: Active
    • ON SITE: 123 days
    • ID#: SB20149508
    UPDATED: 40 min ago
    $1,495,000
    • 0
      BEDS
    • 0.12
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,311
      SQFT
    • $452
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1932
    County:

    School Ratings & Info

    Description

    701-707 S La Brea Ave is a 2-unit retail building situated on a 5,061 island lot in the heart of Inglewood. The first tenant is a liquor store with a full liquor and beer license responsible for paying 2/3 of the property taxes; the second tenant is a Mexican restaurant on a five-year lease starting in February 2020. This property is located just blocks from the Sofi Stadium and Hollywood Park Entertainment District (set to debut in 2020) and in close proximity to the site of the multi-billion dollar development for the future Clippers Stadium. Currently stabilizing at a 5.54% CAP, this asset offers little management responsibility, strong cash flow, and tremendous growth potential due to its strategic location in the rapidly appreciating City of Inglewood.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-11-28T22:26:56.703. This information 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. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Alvarado Brothers | Ever Stewart Alvarado Broker. Licensed in the State of California, USA.

    www.thealvaradobrothers.com/homes/108283396
    Print Image

    701 S La Brea Avenue Inglewood, CA 90301

    • Price: $1,495,000
    • Status: Active
    • Updated: 40 min ago
    • ID#: SB20149508
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.12
    Acres
    3,311
    SQFT
    $452
    $/SQFT
    1932
    Built
    Neighborhood:
    102 - South Inglewood
    County:
    Los Angeles
    Area:
    102 - South Inglewood
    Property Description
    701-707 S La Brea Ave is a 2-unit retail building situated on a 5,061 island lot in the heart of Inglewood. The first tenant is a liquor store with a full liquor and beer license responsible for paying 2/3 of the property taxes; the second tenant is a Mexican restaurant on a five-year lease starting in February 2020. This property is located just blocks from the Sofi Stadium and Hollywood Park Entertainment District (set to debut in 2020) and in close proximity to the site of the multi-billion dollar development for the future Clippers Stadium. Currently stabilizing at a 5.54% CAP, this asset offers little management responsibility, strong cash flow, and tremendous growth potential due to its strategic location in the rapidly appreciating City of Inglewood.
    Exterior Features

    Lot Features Corner Lot Lot Size Source Assessor Lot Size Units Square Feet

    Interior Features

    Condo Area Units Square Feet Laundry Features None

    Property Features

    Building Area Units Square Feet Building Status Existing Cap Rate 5.54 Country Us Laundry YN No Property Sub Type Retail Special Listing Conditions Standard Water Source Public

    Listing provided courtesy of Brett Lyon of Lyon Stahl Investment Real Estate, Inc. and J.Woody Stahl of


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-11-28T22:26:56.703. This information 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. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Alvarado Brothers | Ever Stewart Alvarado Broker. Licensed in the State of California, USA.

     
    https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_364612662-1.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_364612662-1.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_364612662-1.jpg
    Logo
    The Alvarado Brothers | Ever Stewart Alvarado Broker
    1800 N Bristol St, Suite C135
    Santa Ana CA, 92706