701 S La Brea Avenue, Inglewood, CA 90301

$1,765,000
3,311
SqFt
List Price
$1,765,000
Status
ACTIVE
MLS#
SB19238763
Year Built
1932
Living Sq. Ft
3,311
Days on Market
9
Property Type
Commercial
Property Sub Type
Retail

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.

Additional Information

Water
Public

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Brett Lyon from Lyon Stahl Investment Real Estate, Inc.

Based on information from California Regional Multiple Listing Service, Inc. as of . 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.