$986,000
$995,000
0.9%For more information regarding the value of a property, please contact us for a free consultation.
10418 S Prairie AVE Inglewood, CA 90303
6,451 Sqft Lot
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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Bought with Larson Harley • Lyon Stahl Investment Real Estate, Inc.