ActiveCommercial · sale

945 S Prairie Avenue

Inglewood, CA 90301

$3,850,000

  • 0.39 acres
  • Built 1969

Listed by Brian Ross Brandt Branand · MLS #26827331

A FEW THINGS TO NOTICE

What stands out.

Year built

Built in 1969.

Property size

0.39 acres listed.

Highlights from the listing description and property details. Confirm features with the listing agent.

THE PROPERTY

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Extraordinary opportunity to acquire the fee simple interest (land & building ownership) in a 8,357 SF mixed-use retail center in the heart of Inglewood's Entertainment District (Los Angeles MSA). The property is exceptionally located across from the main entrance to SoFi Stadium, the largest stadium in the NFL, with a capacity of 70,000 to 100,000, and was ranked the No. 1 stadium in the world for top-grossing concert and live event ticket sales in 2023. The improvements consist of 8,357 square feet of gross building area within 2 stories situated on 17,170 SF land with great Visibility/Access on Prairie Avenue (main north/south avenue directly adjacent to Hollywood Park Development) with arterial traffic counts of 35,000 CPD. Large swath and variety of uses, including Retail, Office, Restaurant, and Parking Facilities (surface, subsurface, or structured) for use by adjacent businesses, permitted within the General Commercial C2, Medical, and/or TCO Zoning. There are 14 suites, of which all will be delivered vacant for an Owner/User and SBA Financing eligible, providing the ability to acquire the land & building with minimum 10-15% down payment requirement, at over 8300 existing rentable square feet with the ability for own/user to occupy 51% per SBA Guidelines while being able to lease the other over 4,000 SF (49%) for income. The Development Standards allow for substantial development on the site. Up to 75-foot (or six story) height limit with up to 70% site coverage. Positioned for Long-Term Success; On-axis with Hollywood Park Development, the largest urban mixed-use development under construction in the Western United States, with every aspect of the 300-acre development thoughtfully curated and tailor-made to thrive in today's evolving mixed-use environment, and within premium walking distance to and from the main entrance to SoFi Stadium for pre & post-event tourism, foot traffic, and event parking.

THE NEIGHBORHOOD

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945 S Prairie Avenue, Inglewood, CA 90301

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THE DETAILS

The details, all in one place.

Property type
CommercialSale
Category
Commercial
Year built
1969
Zoning
INC2YY
Parcel
4024009005
HOA fee
$0.00

Features and school information are supplied by the listing source. Confirm measurements, school assignments, HOA terms and rental restrictions before making a decision.

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945 S Prairie Avenue, Inglewood, CA 90301 · MLS #26827331

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Listing information

MLS #26827331 · California Regional MLS

Listing brokerage: Brian Ross Brandt Branand
Listing agent: Brian Branand

Listing status: Active. Record updated . Confirm current availability and price with the listing agent.

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. "CRMLS" and is protected by all applicable Copyright © 2023 laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional. Information deemed reliable but not guaranteed. Copyright © 2023 California Regional Multiple Listing Service, Inc. All rights reserved.