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701-707 S La Brea Ave, Inglewood CA 90301

701-707 S La Brea Ave, Inglewood CA 90301
$1,495,000

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 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.

Property Downloads

  • City: Inglewood
  • Country: United States

Detail

Updated on September 22, 2020 at 2:54 pm

  • Price: $1,495,000
  • List Date: 7/27/2020
  • Property Size: 3,311 Sq Ft
  • Land Area: 5,061 Sq Ft
  • Year Built: 1932
  • Property Type: Retail
  • Property Status: Active

Contact info

Brett Lyon
Brett Lyon
(310) 880-5328(310) 780-1899
Linkedin
Woody Stahl
Woody Stahl
(310) 880-0926(310) 710-3829
Linkedin

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