Inglewood Retail Strip
409 Grace Avenue Inglewood, CA 90301
409 Grace Avenue, Inglewood, CA, 90301
$6,500,000
For Sale
$6,500,000
Single-story retail strip with 12 units in vibrant Inglewood.
Property Size11,382 SF
Lot Size0.87 Acres
Price / SF$571.08
Days on Market115
Property Features for 409 Grace Avenue
General Information
- Standard status
- Active
- Size
- 11,382 SF
- Lot size
- 0.87 Acres
- Property subtype
- Retail
Listing Agency
(239) 631-8788
Listed by
Jenny Eng · License #01931251
(239) 631-8788
Source
Cbre
Added: Mar 25 Checked: Jul 16 at 2:13 am
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 Jenny Eng
Investment Insights
Based on property information with market context.
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.
Key Highlights
- 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.
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 | $420.7k | $36.96 |
| − Vacancy | −$9.7k | −$0.85 |
| EGI | $411.0k | $36.11 |
| − OpEx | −$123.3k | −$10.83 |
| NOI | $287.7k | $25.28 |
11,382 SF · lease $36.96/SF/yr · vacancy 2.30% · expense 30.00%
Alternative Uses
Best Use
Retail
$4.11M
$3.60M – $4.80M
NOI $287,702 @ 7.0% cap · market cap 4.43%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.64M
$4.06M – $5.42M
NOI $325,070 @ 7.0% cap · market cap 5.00%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Strip malls
Similar For Sale Nearby
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 Avenue 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.**
