Inglewood Mixed-Use Redevelopment
For Sale
$2,500,000
317 S La Brea, Inglewood, CA 90301
Mixed-use retail/office building in Inglewood with redevelopment potential.
Property Size15,831 SF
Lot Size0.36 Acres
Price / SF$196.99
Days on Market108
Property Features for 317 S La Brea
General Information
Standard status
Active
Size
15,831 SF
Lot size
0.36 Acres
Property subtype
Commercial
Building Details
Building Size
15,831 SF
Year Built
1938
Listing Agency:
Lyon Stahl Investment Real Estate
(310) 259-7556
Listed By:
Cameron Samimi · License #02035763
Source:
Elliman
Added: Apr 24
Changed: Aug 8
Last Checked: Jul 10 at 7:33PM
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 Lyon Stahl Investment Real Estate
Investment Insights
Based on property information with market context.
Located in the heart of Inglewood, 317 S La Brea Ave is a mixed-use retail/medical office building. The building has a size of 12,691 square feet and is situated on a 15,831 square foot lot. The property is zoned INC1D* and presents an amazing redevelopment opportunity for conversion into apartments, office space, mixed-use development, or a potential hotel site. The property is located on La Brea Ave and Manchester Blvd, steps from Inglewood City Hall and across from the Downtown Transit Station and the new Jordan Brand House. It is also situated within minutes of SoFi Stadium, the Kia Forum, and the new Intuit Dome. The location has a walk score of 83, indicating it is very walkable, a transit score of 54, indicating good transit options, and a bike score of 50, indicating it is bikeable. This property offers a strategic corner parcel in a dynamic, growing market.
Key Highlights
- Prime location near Inglewood City Hall, Downtown Transit Station, Jordan Brand House, and the growing Downtown corridor.
- Amazing redevelopment opportunity for apartments, office space, mixed‑use, or a potential hotel.
- Minutes from SoFi Stadium, the Kia Forum, and the new Intuit Dome.
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
$218,920
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
8.76%
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%
$4,378,400
$4.4M
Cap Rate 7%
$3,127,429
$3.1M
Cap Rate 9%
$2,432,444
$2.4M
Market Conditions
NOI Build-Up for 12,691 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
$380.7K $30.00/SF
− Vacancy
−$30.5K −$2.40/SF
EGI
$350.3K $27.60/SF
− OpEx
−$131.4K −$10.35/SF
NOI
$218.9K $17.25/SF
Area
Inglewood, CA
Vacancy
8.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
37.50%
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%
$4,378,400
Cap Rate 7%
$3,127,429
Cap Rate 9%
$2,432,444
Alternative Uses
Best Use
Retail
$4.58M
$4.01M – $5.35M
NOI $320,790 @ 7.0% cap · market cap 12.83%
Second Best
Office B
$3.88M
$3.40M – $4.53M
NOI $271,841 @ 7.0% cap · market cap 10.87%
Theoretical Best
Office A
$5.18M
$4.53M – $6.04M
NOI $362,455 @ 7.0% cap · market cap 14.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,361
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
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use retail/office building in Inglewood with redevelopment potential.
Where is this mixed-use property located?
The property is located at 317 S La Brea Inglewood, CA.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Prime location near Inglewood City Hall, Downtown Transit Station, Jordan Brand House, and the growing Downtown corridor.; Amazing redevelopment opportunity for apartments, office space, mixed‑use, or a potential hotel.; Minutes from SoFi Stadium, the Kia Forum, and the new Intuit Dome.
