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    945 S Prairie Avenue

    Inglewood, CA 90301
    • $3,595,000
    • STATUS: Active
    • ON SITE: 286 days
    • ID#: SB20030072
    UPDATED: 18 min ago
    $3,595,000
    • 0
      BEDS
    • 0.39
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 8,357
      SQFT
    • $430
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1969
    County:

    School Ratings & Info

    Description

    The subject property is a commercial retail center in the heart of Inglewood+GGs 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, 4 that are occupied on a month to month basis. 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+GGs path of redevelopment.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-11-23T13:30:07.203. 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/103097168
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    945 S Prairie Avenue Inglewood, CA 90301

    • Price: $3,595,000
    • Status: Active
    • Updated: 18 min ago
    • ID#: SB20030072
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.39
    Acres
    8,357
    SQFT
    $430
    $/SQFT
    1969
    Built
    Neighborhood:
    102 - South Inglewood
    County:
    Los Angeles
    Area:
    102 - South Inglewood
    Property Description
    The subject property is a commercial retail center in the heart of Inglewood+GGs 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, 4 that are occupied on a month to month basis. 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+GGs path of redevelopment.
    Exterior Features

    Lot Features Level With StreetLot 10000-19999 SqftRectangular LotLevel Lot Size Source Assessor Lot Size Units Square Feet

    Interior Features

    Condo Area Units Square Feet Laundry Features None

    Property Features

    Accounting Type Proforma Additional Parcels Description 4024009003 Additional Parcels YN Yes Asset Class OfficeRetail Building Area Units Square Feet Building Status Existing Cap Rate 6.07 Country Us Effective Gross 284870 Expense Year 2020 Gross Scheduled Income 239856.00 Insurance Expense 4000.00 Investment Property YN Yes Land Use OfficeRetail Laundry YN No Leasable Area Units Square Feet Maintenance Expense 6000.00 Max Total Area Units Square Feet Min Total Area Units Square Feet Net Operating Income 218323.00 Operating Expense 66547.00 Other Income1 63840.00 Personal Property Amount 45657 Professional Management Expense 8890.00 Property Sub Type Retail Reserves Expense 2000.00 Special Listing Conditions Standard Tax Annual Amount 45657.00 Total Expenses 66547.00 Vacancy Allowance 18826 Water Source Public Year Built Source Assessor

    Listing provided courtesy of Stephen Lampe of Re/Max Commercial & Investment


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-11-23T13:30:07.203. 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.

     
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