Inglewood Stand-Alone Office
707 La Brea Avenue, Inglewood, CA 90302
Two-story office building on corner lot, development opportunity.
Type:General Commercial
Property size:
4,650 SFPrice / SF:
$407/SF- Added:
- Sep 17, 2024
- Days on Market:
- 624
- Last Refresh:
- May 13 at 8:51 pm
Property Features for 707 La Brea Avenue
General Information
- Standard status
- Active
- Size
- 4,650 SF
- Property subtype
- General Commercial
Building Details
- Year Built
- 1956
Listing agent Listed by Peter Bledsoe
Listing office DRE #00814749 (310) 737-1992
Listing date Sep 17, 2024
Source Xome
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 DRE #00814749
HighLights
- Prime location on N. La Brea Avenue in Inglewood, near SoFi Stadium and Intuit Dome
- Large, stand‑alone commercial building with approximately 4800 sq ft on two lots, suitable for various uses
- 23 parking spaces, a significant amenity
- Favorable INC3 zoning, suggesting potential for future development opportunities
- Proximity to businesses and the California DMV, ensuring high traffic and convenience
- Easy access to rapid transit, the 405 and 105 freeways
Overview
This stand-alone, two-story office building offers approximately 4,650 square feet of space on the corner of N. La Brea Avenue and Hazel Street. The property consists of two lots in a highly visible location in Inglewood. The building appears suitable for general office functions, medical or dental facilities, or an administrative headquarters. The property features four offices on the second floor, central heating and air conditioning, four bathrooms, a separate eating/breakroom area, and two conference rooms. With twenty-three parking spaces, the site is ideal as a corporate headquarters, private educational learning center, or law offices. The property appears to have Inglewood Commercial 3 zoning, suggesting a potential development opportunity. The location is near the Sofi Stadium and Intuit Dome. Nearby businesses include 7-Eleven, El Polo Loco Restaurant, Ralph's Grocery Store, and Popeye's Chicken. It is located adjacent to the California Department of Motor Vehicles on a high-traffic thoroughfare, with access to rapid transit and the 405 and 105 freeways. The property is sold in its present condition.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $156.2k | $33.60 |
| − Vacancy | −$23.4k | −$5.04 |
| EGI | $132.8k | $28.56 |
| − OpEx | −$33.2k | −$7.14 |
| NOI | $99.6k | $21.42 |
4,650 SF · lease $33.60/SF/yr · vacancy 15.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.42M
$1.25M – $1.66M
NOI $99,603 @ 7.0% cap · market cap 5.26%
Second Best
Healthcare Medical
$1.18M
$1.04M – $1.38M
NOI $82,863 @ 7.0% cap · market cap 4.37%
Theoretical Best
Office A
$1.90M
$1.66M – $2.21M
NOI $132,804 @ 7.0% cap · market cap 7.01%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
La Brea Discount ...
(Bike/Boat/Book/etc) Store
theservicecompanyrealty
Real Estate Agency
The Service Company
Real Estate Agency
ATM
Atm
Century 21
Real Estate Agency
Location Insight
- Map
- Local Demand
- City
- Inglewood
- County
- Los Angeles
- State
- California
- Longitude
- -118.3527339
- Latitude
- 33.9542773
Nearby Similar for Sale
FAQs
What type of property is this?
Office building - Two-story office building on corner lot, development opportunity.
Where is this office building located?
The property is located at 707 La Brea Avenue Inglewood, CA.
What is the asking price?
The asking price for this property is $1,895,000.
What are key features of this property?
This property features: Prime location on N. La Brea Avenue in Inglewood, near SoFi Stadium and Intuit Dome; Large, stand‑alone commercial building with approximately 4800 sq ft on two lots, suitable for various uses; 23 parking spaces, a significant amenity
