310-259-7556
124 W Kelso St, Inglewood, CA for Sale
Churches - FOR SALE
1/15
null | Request Cap Rate

124 W Kelso St
Inglewood, CA 90301


HIGHLIGHTS

  • 317 S La Brea Ave & 124 W Kelso St contain a mixed use Retail/Medical Office Building & parking lot
  • Prime location places the property steps from Inglewood City Hall, Downtown Inglewood corridor, and within minutes of the city's major anchors
  • C-1 Zone Permitted Uses: Medical Office,Hotel / Motel (minimum of 100 guest rooms), Multifamily Units (141 residential units previously approved**),
  • Ambulance Dispatch Facility,Restaurants (Dine-in or Fast Food), Retail sales of merchandise,Bars / Nightclubs Financial Institutions

OVERVIEW

Rare Opportunity for an Owner-User Medical Office or Developer! Rare 15,831 Sq ft two-story Retail/Medical Office Building with the two lots equaling 20,195 sq ft of land. The current building was built in 1952 and requires significant value-add. With medical office trading at an average of $500 per square foot, there is tremendous upside in this Medical Office Building structure. Alternatively, development opportunities are abundant. The city of Inglewood owns the adjacent lots totaling 49,596 sq ft. At one point, the city had approved a partnership to develop a mixed-use project utilizing their lots to develop 141 residential units and 18,000 sq ft of commercial retail/office space. Since the project conditions have expired, a new developer would have to restart the approval process. Still, the city of Inglewood is pro-development and seeks more projects that serve the community. Property is unpriced. Please reach out to the listing agent for more information. Michael Padilla - 310-420-2541

FOR SALE DETAILS

PRICE

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CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

317 S LA BREA AVE & 124 W KELSO ST Inglewood

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Churches

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1938

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

0.46 AC

LAND SF

20,195 SF

ZONING

C1D, Inglewood

APN/PARCEL ID

4020-027-043,4021-015-002

ASK ABOUT THIS PROPERTY

Cameron SamimiLyon Stahl Investment Real EstateMore Info
310-259-7556

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Cameron SamimiLyon Stahl Investment Real EstateMore Info
310-259-7556

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