101 S Prairie Ave - Medical FOR SALE


Inglewood, CA 90301
$10,500,000 USD
310-877-1887
101 S Prairie Ave, Inglewood, CA for Sale
$10,500,000 USD
Medical - FOR SALE
1/23
null | Request Cap Rate

NEW


101 S Prairie Ave
Inglewood, CA 90301


HIGHLIGHTS

  • Three-parcel assemblage, Steps from SoFi Stadium, Kia Forum, Intuit Dome, COSM, Digital Billboard Opp, Corner Exposure, Immediate Income from Parking

OVERVIEW

INGLEWOOD COMMERCIAL ASSET | 1031 EXCHANGE OPPORTUNITY Prime Inglewood Investment | Commercial Asset | 1031 Exchange Opportunity OWNER USER/INVESTMENT OPPORTUNITY Addresses - 3 APNs 101 S. Prairie Avenue, Inglewood, CA 90301 - 13,494 SF, Lot: 21,845 SF 105 S. Prairie Avenue, Inglewood, CA 90301 - 7200 SF, Lot: 7288 SF 661 Manchester Terrace, Inglewood, CA 90301 - 4,796 SF, Lot: 4,802 Zoning: Commercial / Development-Friendly Property Type: Commercial (formerly designed for medical use) Exceptional Location in the Heart of Inglewood’s Entertainment Core: A truly rare opportunity encompassing three contiguous parcels, each with its own APN, positioned within one of Southern California’s fastest-growing and most dynamic entertainment districts. Located steps from SoFi Stadium, The Kia Forum, Intuit Dome, and COSM, this site sits at the epicenter of Inglewood’s extraordinary transformation—an area now recognized as the largest entertainment district in Southern California and a future global media hub for the 2028 Olympic and Paralympic Games. Olympic Momentum & Global Spotlight: Inglewood will serve as a major stage for the Los Angeles 2028 Olympic Games, with events hosted at SoFi Stadium and the new Hollywood Park Studios, confirmed as the International Broadcast Center (IBC) for worldwide Olympic coverage. This once-in-a-generation influx of global attention and investment is fueling unprecedented infrastructure expansion and long-term appreciation potential. The property’s proximity to these venues, just under one mile from SoFi, places it at the very center of this economic renaissance. 1031 Exchange Highlights: • Ideal for 1031 Buyers: Clean, shovel-ready commercial asset with permits and entitlements already underway—minimizing uncertainty and timelines. • Prime Location: Located in the booming Prairie Avenue corridor, steps from SoFi Stadium, The Forum, and the Intuit Dome. • Immediate Income Potential: 67 on-site parking spaces producing approximately $75 per space, 3 days per week—representing $48,000 to $60,000 per month in stadium-event-driven passive income. • Digital Billboard Opportunity: High-visibility frontage offers excellent exposure for digital signage, adding a potential future media-income stream. • Flexible Exit Strategy: Investors can hold for cash flow, complete the permitted build-out, or reposition the property to align with Inglewood’s continued growth trajectory. Project Progress & Entitlements: This property has already undergone significant pre-development work, making it ideal for investors on a fast timeline. Completed and In-Progress Milestones Include: - Site Survey & 3D Design Completed - Final Approval for Parking Lot Permit Secured - Architectural & Engineering Plans Submitted - Pending Demolition Permit (Minor Corrections in Progress) - Fire Department and Public Works Approvals Received - Third-Party Reviews Ongoing - Engineering Partners: CSG Engineers (Parking), J Lee Engineering (Building Addition) - Additional Improvements Completed: • Asbestos Removal • Parking Lot Re-Striping & Patching • Water Line Upgrades • SCE Service Upgrade Scheduled (pending city approval) Development Flexibility & Vision: Originally designed for a medical facility, the property offers flexibility for a wide range of commercial or mixed-use purposes. With its existing entitlements and approvals in motion, this asset provides an exceptional foundation for those looking to build, redevelop, or reposition in a district experiencing historic transformation. Investment Summary: - Addresses: 101 & 105 S. Prairie Avenue and 661 Manchester Terrace, Inglewood, CA - Parcels: Three separate APNs - Zoning: Commercial / Development-Friendly - Parking: 67 Spaces | Event-Driven Revenue Potential - Lot Condition: Exterior & structure shell ready for custom interior build-out. A Strategic Investment in Southern California’s Entertainment Capital: Inglewood’s ongoing renaissance, anchored by SoFi Stadium, Intuit Dome, The Forum, COSM, and the upcoming Hollywood Park Studios aiming to be ready by 2028. The plan is for it to be the broadcast hub for the Olympics, and then later on it will become a full-fledged production studio. This will attract national attention and world-class investment. With immediate cash flow, strong entitlement progress, and major global events on the horizon, this is a timely, high-visibility commercial opportunity positioned for both near-term income and long-term appreciation. Overview: This premier three-parcel assemblage occupies a high-visibility corner within Inglewood’s Stadium District, surrounded by SoFi Stadium, Kia Forum, and the Intuit Dome. Each parcel is currently improved with surface parking, creating immediate event-parking income potential and offering significant redevelopment flexibility for future medical, office, or hospitality use under INRM zoning. This configuration represents a rare investment opportunity with both current cash flow and long-term upside in one of Southern California’s fastest-developing commercial corridors. Given the ongoing transformation of Inglewood’s Stadium District and the scarcity of contiguous parcels with both street frontage and parking capacity, this offering presents a premium opportunity for developers, medical users, or investors seeking a landmark site within one of Southern California’s most dynamic growth zones.

FOR SALE DETAILS

PRICE

$10,500,000 USD

PRICE/SF

$778 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Investment Opportunity/Owner User

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

ADD'L SUBTYPES

Office/Residential

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1956

SPRINKLERS

-

PARKING SPACES

67

LAND DETAILS

LAND ACRES

0.79 AC

LAND SF

34,412 SF

ZONING

INRM*

APN/PARCEL ID

4021-004-025,4021-004-040

ASK ABOUT THIS PROPERTY

Sandy DunkleyEquity Real EstateMore Info
310-877-1887

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

Sandy DunkleyEquity Real EstateMore Info
310-877-1887

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