128--130 S Market Street

    Inglewood, CA 90301
    • $1,495,000
    • STATUS: Active
    • ON SITE: 15 days
    • ID#: PV19231722
    UPDATED: 210 min ago
    $1,495,000
    • 0
      BEDS
    • 0.11
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,450
      SQFT
    • $336
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1923
    County:

    School Ratings & Info

    Description

    Trophy location in Historic Downtown Inglewood! Arguably one of the best retail locations in the booming "City of Champions," Inglewood! This mixed office and retail building is located in the center of Historic Downtown Inglewood, right on Market St. This location has so much potential, as the city and neighborhood prioritize this area for redevelopment and revitalization. As Inglewood continues to grow further as the home of multiple professional sports franchises, the Historic Downtown District continues to grow further into a place of gathering, shopping, hotels, and shared community spaces. 128-130 S Market Street offers approximately 25' of frontage on Market Street, with ~4450 square feet of mixed office and retail spaces, including thriving businesses such as retail apparel, health services, skin care, a tattoo parlor, and other office and creative uses. The building features a rooftop patio, which can serve as an excellent event space, or community gathering space, along with 5 designated parking spaces in the back, plus ample street parking all throughout downtown, and additionally, a public parking structure located just to the rear of this property. This is a once in a lifetime opportunity to purchase an asset in a location with an upward trajectory, fully-occupied with below-market rents, along with the future potential and flexibility of being located in an area slated for huge revitalization.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-10-16T00:34:05.04. 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 Pam Spadafore & Associates | Coldwell Banker Residential Brokerage. Licensed in the State of California, USA.
    www.coastalhomesoc.com/homes/99473985

    128--130 S Market Street Inglewood, CA 90301

    • Price: $1,495,000
    • Status: Active
    • Updated: 210 min ago
    • ID#: PV19231722
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.11
    Acres
    4,450
    SQFT
    $336
    $/SQFT
    1923
    Built
    Neighborhood:
    101 - North Inglewood
    County:
    Los Angeles
    Area:
    101 - North Inglewood
    Property Description
    Trophy location in Historic Downtown Inglewood! Arguably one of the best retail locations in the booming "City of Champions," Inglewood! This mixed office and retail building is located in the center of Historic Downtown Inglewood, right on Market St. This location has so much potential, as the city and neighborhood prioritize this area for redevelopment and revitalization. As Inglewood continues to grow further as the home of multiple professional sports franchises, the Historic Downtown District continues to grow further into a place of gathering, shopping, hotels, and shared community spaces. 128-130 S Market Street offers approximately 25' of frontage on Market Street, with ~4450 square feet of mixed office and retail spaces, including thriving businesses such as retail apparel, health services, skin care, a tattoo parlor, and other office and creative uses. The building features a rooftop patio, which can serve as an excellent event space, or community gathering space, along with 5 designated parking spaces in the back, plus ample street parking all throughout downtown, and additionally, a public parking structure located just to the rear of this property. This is a once in a lifetime opportunity to purchase an asset in a location with an upward trajectory, fully-occupied with below-market rents, along with the future potential and flexibility of being located in an area slated for huge revitalization.
    Exterior Features

    Fence YN Yes Fencing Good ConditionWrought Iron Lot Features Near Public Transit Lot Size Dimensions 25 X 185 Lot Size Source Assessor Lot Size Units Square Feet Parking Total 5.00 Topography 0

    Interior Features

    Condo Area Units Square Feet Cooling Central Air Cooling YN Yes Heating Central Heating YN Yes Laundry Features None

    Property Features

    Accounting Type Actual Additional Parcels YN No Advertising Expense 0.00 Anchors Co Tenants 8 Asset Class OfficeRetail Building Area Units Square Feet Building Expenses 88.00 Building Status Existing Cap Rate 3.50 Country Us Effective Gross 82800 Electric Expense 0.00 Expense Year 2019 Gross Scheduled Income 82800.00 Insurance Expense 4644.00 Land Lease YN No Land Use OfficeRetail Laundry Income 0.00 Laundry YN No Leasable Area Units Square Feet Legal Accounting Expense 0.00 Lot Dimensions Source Assessor Maintenance Expense 0.00 Max Total Area Units Square Feet Min Total Area Units Square Feet Net Operating Income 52774.82 Number Of Units Leased 8 Operating Expense 30025.18 Other Expense 1948.92 Other Income1 0.00 Personal Property Amount 0 Professional Management Expense 0.00 Property Sub Type Office Real Estate Tax Expense 21042.51 Reserves Expense 0.00 Resident Manager Expense 0.00 Security Features Closed Circuit Camera(S)Fire And Smoke Detection SystemSecurity SystemSmoke Detector(S)Wired For Alarm System Special Listing Conditions Standard Supplies Expense 0.00 Tax Annual Amount 21042.51 Tax Rate 1.40 Tax Year 2019 Total Expenses 30025.18 Trash Expense 0.00 Utilities Cable AvailableElectricity ConnectedNatural Gas ConnectedPhone AvailableSewer ConnectedWater Connected Vacancy Allowance 0 Vacancy Allowance Rate 0.00 Water Sewer Expense 2301.60 Water Source Public Year Built Source Assessor

    Listing provided courtesy of Rodman Amiri of Merit Real Estate


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-10-16T00:34:05.04. 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 Pam Spadafore & Associates | Coldwell Banker Residential Brokerage. Licensed in the State of California, USA.
     
    Pam Spadafore & Associates | Coldwell Banker Residential Brokerage
    31582 Coast HWY
    Laguna Beach CA, 92651