Inglewood, CA 90303,10418 S Prairie AVE
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Inglewood, CA 90303,10418 S Prairie AVE
Inglewood, CA 90303,10418 S Prairie AVE
Inglewood, CA 90303,10418 S Prairie AVE
Inglewood, CA 90303,10418 S Prairie AVE

$986,000

Est. payment /mo

$995,000

0.9%
Est.Price: ?

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10418 S Prairie AVE Inglewood, CA 90303

6,451 Sqft Lot

SOLD DATE : 08/19/2022

Key Details

Sold Price $986,000

Property Type Commercial

Sub Type Office

Listing Status Sold

Purchase Type For Sale

MLS Listing ID SB22070443

Sold Date 08/19/22

HOA Y/N No

Year Built 2006

Lot Size 6,451 Sqft

Property Description

10418 S Prairie Ave is a 4-unit office building located just two streets away from the future Clippers Arena and less than half a mile from the $5.5 Billion SoFi Stadium and Hollywood Park. Built in 2006, this property consists of (4) 750 SF office spaces on a 6,452 SF lot zoned C2. The building is 100% occupied and all of the tenants are current on rent. One of the tenants is on a month-to-month lease and the remaining three tenants will be month-to-month this Fall. Generating over $71,000 in gross annual income, the property is operating just under a 5% CAP rate with approximately 15% in upside rent potential. This is an ideal opportunity for an owner-user or investor to acquire a strategically located asset on the booming Prairie Avenue thoroughfare in Inglewood.

Location

State CA

County Los Angeles

Area 102 - South Inglewood

Rooms

Ensuite Laundry None

Interior

Laundry Location None

Fireplace No

Laundry None

Exterior

Total Parking Spaces 10

Building

Lot Description Paved, Rectangular Lot

Water Public

Others

Tax ID 4032009030

Financing Conventional

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Larson Harley • Lyon Stahl Investment Real Estate, Inc.
Bought with Larson Harley • Lyon Stahl Investment Real Estate, Inc.

Alexander Duarte

CEO | i01970077

+1(714) 376-9253

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