Redevelopment Retail and Residential
10921-11003 Hawthorne Blvd Inglewood, CA 90304
10921-11003 Hawthorne Blvd, Inglewood, CA, 90304
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For Sale
Contact for pricing
Redevelopment site with multiple existing commercial structures, zoned MXD for residential and commercial uses.
Property Size6,714 SF
Lot Size0.67 Acres
Price / SF$573.43
Days on Market118
Property Features for 10921-11003 Hawthorne Blvd
General Information
- Standard status
- Active
- Size
- 6,714 SF
- Lot size
- 0.67 Acres
- Property subtype
- Land, Multifamily, Retail
Listing agency
Marcus & Millichap - South Bay
(562) 257-1200
Listed by
Derek L. Caldwell · License #01929621
Source
Crexi
Added: Mar 27 Updated: Jul 21 at 10:55PM Checked: Jul 21 at 10:55PM
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 Marcus & Millichap - South Bay
Investment Insights
Based on property information with market context.
This offering presents a redevelopment site comprising five parcels totaling 29,229 square feet of land, with numerous commercial structures in place. The buildings are reported to be in good condition and may potentially be continued for use if desired. The site is zoned MXD, a commercial designation that permits both residential and commercial uses.
Residential development is allowed by-right at a density of 150 units per acre, with a maximum height of 65 feet. An inclusionary housing policy requires a minimum of 10–20% low-income units, depending on the development project. The site is located in a transit oriented district with no parking requirement and falls within a qualified opportunity zone. It is approximately 0.25 miles from the Hawthorne/Lennox light rail station (C-Line) and is also described as proximate to SoFi Stadium and the Intuit Dome.
The property is located on Hawthorne Boulevard, one block north of the 105 freeway, in an area identified as unincorporated Los Angeles County (Lennox) and part of the county’s South Bay Area Plan. It is offered for purchase as a redevelopment opportunity suited to both residential and commercial uses.
Residential development is allowed by-right at a density of 150 units per acre, with a maximum height of 65 feet. An inclusionary housing policy requires a minimum of 10–20% low-income units, depending on the development project. The site is located in a transit oriented district with no parking requirement and falls within a qualified opportunity zone. It is approximately 0.25 miles from the Hawthorne/Lennox light rail station (C-Line) and is also described as proximate to SoFi Stadium and the Intuit Dome.
The property is located on Hawthorne Boulevard, one block north of the 105 freeway, in an area identified as unincorporated Los Angeles County (Lennox) and part of the county’s South Bay Area Plan. It is offered for purchase as a redevelopment opportunity suited to both residential and commercial uses.
Key Highlights
- Redevelopment site at 10921‑11003 Hawthorne Boulevard across five parcels totaling 29,229 SF of land
- Zoned MXD for both residential and commercial uses, with residential permitted by‑right at 150 units per acre (100 units at the subject property)
- Transit oriented district designation with no parking requirement
Local Financial Insights For Retail
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 | $248.1k | $36.96 |
| − Vacancy | −$5.7k | −$0.85 |
| EGI | $242.4k | $36.11 |
| − OpEx | −$72.7k | −$10.83 |
| NOI | $169.7k | $25.28 |
6,714 SF · lease $36.96/SF/yr · vacancy 2.30% · expense 30.00%
Alternative Uses
Best Use
Retail
$2.42M
$2.12M – $2.83M
NOI $169,709 @ 7.0% cap · market cap 4.41%
Second Best
Apartment 5plus
$1.19M
$1.04M – $1.39M
NOI $83,164 @ 7.0% cap · market cap 2.16%
Theoretical Best
Office A
$2.74M
$2.40M – $3.20M
NOI $191,752 @ 7.0% cap · market cap 4.98%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Storefront properties
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FAQs
What type of property is this?
Apartment building - Redevelopment site with multiple existing commercial structures, zoned MXD for residential and commercial uses.
Where is this apartment building located?
The property is located at 10921-11003 Hawthorne Blvd Inglewood, CA.
What is the asking price?
The asking price for this property is $3,850,000.
What are key features of this property?
This property features: Redevelopment site at 10921‑11003 Hawthorne Boulevard across five parcels totaling 29,229 SF of land; Zoned MXD for both residential and commercial uses, with residential permitted by‑right at 150 units per acre (100 units at the subject property); Transit oriented district designation with no parking requirement
