Restaurant Property with Two
For Sale
$2,680,000
10020 S Inglewood, Inglewood, CA 90304
Two-parcel corner restaurant property with an estimated 18 dedicated parking spaces, currently operating two established dining concepts.
Property Size3,878 SF
Lot Size0.33 Acres
Days on Market38
Property Features for 10020 S Inglewood
General Information
Standard status
Active
Size
3,878 SF
Total Parking Spaces
18
Lot size
0.33 Acres
Property subtype
Mixed Use
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Building Size
3,878 SF
Year Built
1944
Tenancy
Multi
Listing Agency:
RISE Real Estate Group
(562) 244-8859
Listed By:
Sergio Iturrios · License #01339130
Source:
Velocityrealtysd
Added: Jul 23
Changed: Aug 28
Last Checked: Aug 28 at 6:26PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RISE Real Estate Group
Investment Insights
Based on property information with market context.
This restaurant property is offered for sale as an REO listing and is currently occupied by two established dining destinations, including a seafood restaurant and a Mexican/Salvadoran restaurant. The site spans two parcels (4036-001-006 and 4036-001-007) with an estimated total lot size of approximately 14,447 SF and includes an estimated 18 dedicated parking spaces.
Positioned at the highly visible, heavy-traffic corner of Century Boulevard and Inglewood Avenue, the property is just off the 405 Freeway. It is approximately 5 to 7 minutes from LAX and less than 5 minutes from Southern California’s major entertainment area featuring SoFi Stadium, the Kia Forum, and the new Intuit Dome.
The asset’s configuration supports continued restaurant operations as well as adaptive redevelopment opportunities, with the property’s prominent corner positioning and on-site parking serving as key practical considerations for either an owner-user or investor/developer.
Positioned at the highly visible, heavy-traffic corner of Century Boulevard and Inglewood Avenue, the property is just off the 405 Freeway. It is approximately 5 to 7 minutes from LAX and less than 5 minutes from Southern California’s major entertainment area featuring SoFi Stadium, the Kia Forum, and the new Intuit Dome.
The asset’s configuration supports continued restaurant operations as well as adaptive redevelopment opportunities, with the property’s prominent corner positioning and on-site parking serving as key practical considerations for either an owner-user or investor/developer.
Key Highlights
- Year built 1944 corner commercial property in Inglewood
- Two‑parcel site (4036‑001‑006 & 4036‑001‑007) totaling approx. 14,447 SF
- Highly visible, heavy‑traffic corner of Century Blvd and Inglewood Ave
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$105,026
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.92%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,100,520
$2.1M
Cap Rate 7%
$1,500,371
$1.5M
Cap Rate 9%
$1,166,956
$1.2M
Market Conditions
NOI Build-Up for 3,878 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$143.3K $36.96/SF
− Vacancy
−$3.3K −$0.85/SF
EGI
$140.0K $36.11/SF
− OpEx
−$35.0K −$9.03/SF
NOI
$105.0K $27.08/SF
Area
Inglewood, CA
Vacancy
2.30%
Lease Rate
$36.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,100,520
Cap Rate 7%
$1,500,371
Cap Rate 9%
$1,166,956
Alternative Uses
Best Use
Specialty Retail
$1.50M
$1.31M – $1.75M
NOI $105,026 @ 7.0% cap · market cap 3.92%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.58M
$1.38M – $1.85M
NOI $110,756 @ 7.0% cap · market cap 4.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,761
Businesses Nearby
196k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 50%
Dining 42%
Hotels & Casinos 6%
Electronics 2%
Chevron
Shops & Services
31,493 visits/mo
0.4 miles
ARCO
Shops & Services
31,355 visits/mo
0.5 miles
Dollar Tree
Shops & Services
23,138 visits/mo
0.1 miles
IHOP
Dining
16,699 visits/mo
0.5 miles
Taco Bell
Dining
16,477 visits/mo
0.1 miles
Demographics for 90304, CA
26,058
Population
7,673
Households
3.4
Avg Household Size
33
Median Age
14%
College-Educated
56%
High-School Grad
1.6 sq mi
ZIP Area
16,286
Density / Sq Mi
$63,317
Median Household Income
$31,385
Median Earnings
$1,499
Median Rent
$696,200
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Two-parcel corner restaurant property with an estimated 18 dedicated parking spaces, currently operating two established dining concepts.
Where is this conventional restaurant located?
The property is located at 10020 S Inglewood Inglewood, CA.
What is the asking price?
The asking price for this property is $2,680,000.
What are key features of this property?
This property features: Year built 1944 corner commercial property in Inglewood; Two‑parcel site (4036‑001‑006 & 4036‑001‑007) totaling approx. 14,447 SF; Highly visible, heavy‑traffic corner of Century Blvd and Inglewood Ave
