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Inglewood Retail Strip Center

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

AddedMar 25

Days on Market112

Last RefreshJul 4 at 1:22 am

Property Features for 409 Grace Avenue

General Information

Standard status: Active
Size: 11,382 SF
Lot size: 0.87 Acres
Property subtype: Retail

Listing office

Listing date Mar 25, 2026

Source Cbre

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

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 (±1% cap)

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 (±1% cap)

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

Suggested Use

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For sale
Strip malls
CA
Inglewood
90301
409 Grace Avenue

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.**