701 S La Brea Avenue

    Inglewood, CA 90301
    • $1,765,000
    • STATUS: Active
    • ON SITE: 6 days
    • ID#: SB19238763
    New On Site 6 Days Ago
    UPDATED: 128 min ago
    $1,765,000
    • 0
      BEDS
    • 0.12
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,311
      SQFT
    • $533
      $/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 month-to-month lease with substantial upside market rent potential. 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 4.7% 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.

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    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/99724521

    701 S La Brea Avenue Inglewood, CA 90301

    • Price: $1,765,000
    • Status: Active
    • Updated: 128 min ago
    • ID#: SB19238763
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.12
    Acres
    3,311
    SQFT
    $533
    $/SQFT
    1932
    Built
    Neighborhood:
    101 - North Inglewood
    County:
    Los Angeles
    Area:
    101 - North 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 month-to-month lease with substantial upside market rent potential. 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 4.7% 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 Walkstreet Lot Size Source Assessor Lot Size Units Square Feet

    Interior Features

    Condo Area Units Square Feet Laundry Features None

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Building Status Existing Country Us Land Use Retail Laundry YN No Leasable Area Units Square Feet Max Total Area Units Square Feet Min Total Area Units Square Feet Number Of Units Leased 2 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 Lyon Stahl Investment Real Estate, Inc.


    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
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    Laguna Beach CA, 92651