Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    409 Grace Ave Inglewood, CA 90301

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $6,500,000

    Single-story retail strip with 12 units in vibrant Inglewood.

    Property size:
    11,382 SF

    Property Features for 409 Grace Ave

    General Information

    Standard status
    Active
    Size
    11,382 SF

    We can help!

    Listing Contact
    Jenny Eng
    Source: Cbre

    Listing Agent: Jenny Eng

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Inglewood Retail Strip Center

    This single-story retail strip center, constructed in 1986, features 12 retail units within its approximately 11,382 square feet. Situated on an approximately 37,932 square foot lot zoned TOD Mixed Use 1, the property provides approximately 45 surface parking spaces, complemented by ample street parking. Located in Downtown Inglewood, the area is experiencing rapid growth and combines historical architecture with modern developments. The neighborhood offers a mix of shops, local art, fashion boutiques, specialty stores, restaurants, and cafes. Downtown Inglewood hosts numerous events and festivals. Recent additions of major venues like the YouTube Theater and the SoFi Stadium enhance its appeal as a destination for both locals and tourists. Future plans for Downtown Inglewood emphasize sustainability and accessibility, featuring pedestrian-friendly streets, green spaces, and improved public transportation options.
    Location Intelligence

    Current Use by Public Records

    Strip malls

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Inglewood
    County
    Los Angeles
    State
    California
    Longitude
    -118.3497373
    Latitude
    33.9675827

    Nearby Similar for Sale

    • $1,295,000
      Pending

      Inglewood Commercial Space For Sale

      Versatile commercial property near SoFi Stadium with development potential.
      1117 E Redondo Blvd, Inglewood, CA 90302
      View Details
    • $999,000
      1,806 SF

      Inglewood Duplex with Large Courtyard

      Gated duplex on a spacious lot with outdoor living spaces.
      4125 Lennox Blvd, Inglewood, CA 90304
      View Details
    • $865,000
      2,168 SF

      Inglewood Triplex: Investment Opportunity

      Investment-ready triplex in Inglewood, offering income potential and convenient location.
      213 E Hazel St, Inglewood, CA 90302
      View Details
    • $995,000
      1,730 SF

      Inglewood Duplex with Detached Units

      Two detached units, private yards, near LAX and SoFi.
      547 W Kelso St, Inglewood, CA 90301
      View Details
    • New
      $749,999
      1,057 SF

      Inglewood Duplex Near SoFi Stadium

      Income-producing duplex in a sought-after Inglewood location.
      10223 S Grevillea Ave, Inglewood, CA 90304
      View Details
    • $799,000
      1,284 SF

      Inglewood Duplex: Income Potential

      Single-level duplex in Inglewood with consistent income potential.
      1118 Marlborough Ave, Inglewood, CA 90302
      View Details
    • $1,899,999
      6,441 SF

      Inglewood Multifamily Investment Opportunity

      Six-unit multifamily property in North Inglewood offered for sale.
      519 N Exton Ave, Inglewood, CA 90302
      View Details
    • New
      $4,200,000
      16,345 SF

      Inglewood Multifamily Investment Opportunity

      20-unit multifamily property on a large lot in View Heights.
      1108 E Fairview Blvd, Inglewood, CA 90302
      View Details
    • $890,000
      1,704 SF

      Inglewood Duplex with Recent Price Reduction

      Well-maintained duplex in high-demand area near LAX and SoFi Stadium.
      319 E 98Th St, Inglewood, CA 90301
      View Details
    • New
      $1,279,000
      1,480 SF

      Inglewood Multi-Unit Investment Opportunity

      Remodeled multi-unit property near SoFi Stadium with income potential.
      3944 W 111Th Pl, Inglewood, CA 90303
      View Details
    • $2,499,000
      6,128 SF

      Inglewood Mixed-Use Opportunity

      Multi-parcel property in Downtown Inglewood, ready for development.
      101 S Locust St, Inglewood, CA 90301
      View Details
    • $1,200,000
      3,813 SF

      Inglewood Multifamily Value-Add Opportunity

      Five-unit apartment building in a dynamic Los Angeles County growth corridor.
      11102 Crenshaw Blvd, Inglewood, CA 90303
      View Details

    FAQs

    What type of property is this?
    Strip mall - Single-story retail strip with 12 units in vibrant Inglewood.
    Where is this strip mall located?
    The property is located at 409 Grace Ave Inglewood, CA.
    What is the asking price?
    The asking price for this property is $6,500,000.
    What are key features of this property?
    This property features: - Located in rapidly developing Downtown Inglewood, a vibrant hub for entertainment, shopping, and dining.; - Proximity to major venues like YouTube Theater and SoFi Stadium enhances appeal to locals and tourists.; - **±11,382 SF retail strip with 12 units provides diverse income streams.**
    Request Owner's contact information
    409 Grace Ave Inglewood, CA 90301
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    409 Grace Ave
    Inglewood, CA 90301
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    409 Grace Ave Inglewood, CA 90301
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Jenny Eng
    Real Estate License ID: 01931251
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!