1029-1033 N La Brea Ave - Storefront FOR SALE


Inglewood, CA 90302
$1,350,000 USD
818-519-1429
1029-1033 N La Brea Ave, Inglewood, CA for Sale
$1,350,000 USD
Storefront - FOR SALE
1/18
null | Request Cap Rate

NEW


1029-1033 N La Brea Ave
Inglewood, CA 90302


HIGHLIGHTS

  • Ideal Owner-User Opportunity
  • ±3,704 SF retail/office building configured with four units, offering strong street presence
  • Inglewood Entertainment District
  • Proximity to Public Transportation
  • High-Visibility Corridor with 35,785 VPD
  • Dense Trade Area

OVERVIEW

Matthew Luchs and John Lally of Zacuto Group are pleased to exclusively present 1029 N La Brea Ave, a ±3,704 square foot retail/office property situated on ±5,169 square feet of land, just north of the signalized N La Brea Ave & Centinela Ave intersection. The property consists of a single-story retail/office building with prominent street frontage along N La Brea Avenue, one of Inglewood’s most active commercial corridors. The property benefits from strong visibility, consistent vehicle and pedestrian traffic, and a dense surrounding population base, making it well-suited for a wide range of retail, professional, and service-oriented uses. The opportunity is currently improved with a multi- tenant configured building. The asset is supported by four suites with one of the units currently occupied with a tenant. The tenant in place is a short-term lease expiring November 30, 2026, providing investors and owner- users with significant near-term flexibility. The current lease structure creates a unique opportunity to increase rents to market, re-tenant the spaces, or reposition the unit to maximize long-term income and asset value. For owner-users, this property presents an exceptional platform to establish or expand a business presence in one of the most dynamic submarkets in Los Angeles County. The near-term lease expiration offers an ability to strategically occupy a portion of the building or the whole property. This flexibility allows a buyer to tailor occupancy to their business needs while benefiting from the property’s supplemental income. The property benefits from exposure to approximately 35,785 vehicles per day. The Downtown Inglewood stop on the Metro K Line is also walking distance from the subject property. Within a two-mile radius, average household income exceeds $100,000, the population surpasses 126,461, and median home values exceed $910,000. Within a five-mile radius, the population approaches 900,000 with similar income demographics. Situated on N La Brea Avenue, a major north-south thoroughfare, the property offers convenient access to the dense surrounding neighborhood.

FOR SALE DETAILS

PRICE

$1,350,000 USD

PRICE/SF

$364 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1930

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,227 SF

ZONING

INC2*

APN/PARCEL ID

4002-017-032

ASK ABOUT THIS PROPERTY

Matthew LuchsZacuto GroupMore Info
818-519-1429

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Matthew LuchsZacuto GroupMore Info
818-519-1429

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.