Current Listing | 2-Unit Retail Building in the Heart of Inglewood
Woody Stahl and Brett Lyon of Lyon Stahl are pleased to present 701-707 S La Brea Ave, a 2-unit retail building situated on a 5,061 island lot in the heart of Inglewood.
This property is listed at $1,495,000.
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 five-year lease starting in February 2020.
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 5.19% 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.
For More Information on this Property:
For More Information, Contact:
Woody Stahl: [email protected]
Brett Lyon: [email protected]