Inglewood Office Buildings For
For Sale
$1,800,000
Pending
105 101-109 S Locust Street, Inglewood, CA 90301
Three office buildings totaling 6,128 SF in prime Inglewood location.
Property Size6,128 SF
Lot Size0.16 Acres
Days on Market178
Property Features for 105 101-109 S Locust Street
General Information
Standard status
Pending
Size
6,128 SF
Lot size
0.16 Acres
Property subtype
Office
Building Details
Building Size
6,128 SF
Year Built
1957
Listing Agency:
Vista Sotheby's Int'l Realty
Listed By:
Nancy Deprez · License #01899929
(310) 739-8272
Source:
Archetyperealty
Added: Apr 20
Changed: Oct 6
Last Checked: Oct 13 at 2:39AM
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 Vista Sotheby's Int'l Realty
Investment Insights
Based on property information with market context.
Located in a prime Inglewood location, this offering includes three parcels with three buildings for sale. The addresses are 101, 105, and 109 S. Locust Street. Together, the combined square footage of the three buildings is 6,128 SF of office space, situated on a total lot size of 6,882 SF on a corner lot. One building is currently used as an Eye Center, while two units are vacant and ready to be leased out. The area is a prime location for development. The existing buildings were constructed in 1948 and 1957. The location has a bike score of 50, indicating it is bikeable, a walk score of 83, indicating it is very walkable, and a transit score of 54, indicating good transit options.
Key Highlights
- Prime Inglewood location on a corner lot.
- Includes 3 parcels with 3 buildings.
- Total of 6,128 SF of office space.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$131,262
Cap Rate
7.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,625,240
$2.6M
Cap Rate 7%
$1,875,171
$1.9M
Cap Rate 9%
$1,458,467
$1.5M
Market Conditions
NOI Build-Up for 6,128 SF
Gross rent
$205.9K $33.60/SF
− Vacancy
−$30.9K −$5.04/SF
EGI
$175.0K $28.56/SF
− OpEx
−$43.8K −$7.14/SF
NOI
$131.3K $21.42/SF
Area
Inglewood, CA
Vacancy
15.00%
Lease Rate
$33.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,625,240
Cap Rate 7%
$1,875,171
Cap Rate 9%
$1,458,467
Alternative Uses
Best Use
Office B
$1.88M
$1.64M – $2.19M
NOI $131,262 @ 7.0% cap · market cap 7.29%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.50M
$2.19M – $2.92M
NOI $175,016 @ 7.0% cap · market cap 9.72%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,610
Businesses Nearby
Explore this area
Business Placement
Demographics for 90301, CA
36,270
Population
12,884
Households
2.8
Avg Household Size
37
Median Age
20%
College-Educated
73%
High-School Grad
2.5 sq mi
ZIP Area
14,508
Density / Sq Mi
$62,991
Median Household Income
$33,884
Median Earnings
$1,658
Median Rent
$698,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Office building - Three office buildings totaling 6,128 SF in prime Inglewood location.
Where is this office building located?
The property is located at 105 101-109 S Locust Street Inglewood, CA.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: Prime Inglewood location on a corner lot.; Includes 3 parcels with 3 buildings.; Total of 6,128 SF of office space.
