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$3,999,000
Est. payment /mo
8,357 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 8,357 sqft
Price per Sqft $478
MLS Listing ID 26827331
Year Built 1969
Lot Size 0.394 Acres
Acres 0.3368
Property Description
Extraordinary opportunity to acquire the fee simple interest (land & building ownership) in a 8,357 SF mixed-use retail center in the heart of Inglewood's Entertainment District (Los Angeles MSA). The property is exceptionally located across from the main entrance to SoFi Stadium, the largest stadium in the NFL, with a capacity of 70,000 to 100,000, and was ranked the No. 1 stadium in the world for top-grossing concert and live event ticket sales in 2023. The improvements consist of 8,357 square feet of gross building area within 2 stories situated on 17,170 SF land with great Visibility/Access on Prairie Avenue (main north/south avenue directly adjacent to Hollywood Park Development) with arterial traffic counts of 35,000 CPD. Large swath and variety of uses, including Retail, Office, Restaurant, and Parking Facilities (surface, subsurface, or structured) for use by adjacent businesses, permitted within the General Commercial C2, Medical, and/or TCO Zoning. There are 14 suites, of which all will be delivered vacant for an Owner/User and SBA Financing eligible, providing the ability to acquire the land & building with minimum 10-15% down payment requirement, at over 8300 existing rentable square feet with the ability for own/user to occupy 51% per SBA Guidelines while being able to lease the other over 4,000 SF (49%) for income. The Development Standards allow for substantial development on the site. Up to 75-foot (or six story) height limit with up to 70% site coverage. Positioned for Long-Term Success; On-axis with Hollywood Park Development, the largest urban mixed-use development under construction in the Western United States, with every aspect of the 300-acre development thoughtfully curated and tailor-made to thrive in today's evolving mixed-use environment, and within premium walking distance to and from the main entrance to SoFi Stadium for pre & post-event tourism, foot traffic, and event parking.
Location
State CA
County Los Angeles
Area South Inglewood
Zoning INC2YY
Exterior
Garage Spaces 21.0
Building
Story 2
Others
Special Listing Condition Standard
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Listed by Brian Ross Brandt Branand
NEARBY SCHOOL & BUSINESS
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