945 S Prairie Avenue, Inglewood, 90301

Commercial - Retail For Sale

$3,595,000

Beds
Baths
Sqft
.39Acres
1969Built
58DOM
MLS® #: SB20030072
Active, 58 Days on Market

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, 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’s path of redevelopment.

Essential Information

MLS® #: SB20030072
Price: $3,595,000
Acres: 0.39
Year Built: 1969
Type: Commercial
Sub-Type: Retail
Status: Active

Community Information

Address: 945 S Prairie Avenue
Area: South Inglewood (102)
City: Inglewood
County: Los Angeles
State: CA
Zip Code: 90301

Exterior

Lot Description: Lot-Level/Flat, Lot Shape-Rectangular, Level with Street, Lot 10000-19999 Sqft

Additional Information

Date Listed: February 10th, 2020
Days on Market: 58

Listing Details

Listing Agent: Stephen Lampe(01164364)
Listing Office: Re/Max Commercial & Investment

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Listing information last updated on April 9th, 2020 at 1:15pm PDT.

Based on information from California Regional Multiple Listing Service, Inc. as of April 9th, 2020 at 1:17pm PDT. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.