Two-Story Medical Office
New
For Sale
$2,695,000
447 N Prairie Ave, Inglewood, CA 90301
The interior combines private rooms, offices, restrooms, and a dedicated reception area.
Property Size3,966 SF
Lot Size0.28 Acres
Price / SF$679.53
Days on Market2
Property Features for 447 N Prairie Ave
General Information
Standard status
Active
Size
3,966 SF
Lot size
0.28 Acres
Property subtype
Commercial
Additional Details
Public Transit
Yes
Amenities
reception area
marble flooring
natural light
high ceilings
Building Details
Building Size
3,966 SF
Year Built
2013
Buildings
1
Stories
2
Construction
Spanish-style
Listing Agency:
Pak Home Realty
(323) 855-8656
Listed By:
Gabriel Diaz · License #01267046
(323) 855-8656
Source:
Elliman
Added: Aug 9
Changed: Aug 10
Last Checked: Aug 10 at 4:27AM
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 Pak Home Realty
Investment Insights
Based on property information with market context.
This two-story medical office building contains 3,966 square feet of interior space on a 12,212 sq ft lot. Constructed in 2013, the property includes 11 private rooms, each with a sink, along with two private offices and four bathrooms. A reception area serves the entry, while marble flooring is installed throughout the common areas. High ceilings and abundant natural light further define the interior environment.
The property is located at 447 N Prairie Ave in Inglewood, adjacent to The Forum, SoFi Stadium, and Hollywood Park. WalkScore is 73, identified as Very Walkable; TransitScore is 55, identified as Good Transit; and BikeScore is 52, identified as Bikeable.
The property is located at 447 N Prairie Ave in Inglewood, adjacent to The Forum, SoFi Stadium, and Hollywood Park. WalkScore is 73, identified as Very Walkable; TransitScore is 55, identified as Good Transit; and BikeScore is 52, identified as Bikeable.
Key Highlights
- 3,966 square feet of interior space on a 12,212 sq ft lot
- 11 private rooms, each equipped with a sink
- Two private offices and four bathrooms
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
$84,952
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
3.15%
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%
$1,699,040
$1.7M
Cap Rate 7%
$1,213,600
$1.2M
Cap Rate 9%
$943,911
$943.9K
Market Conditions
NOI Build-Up for 3,966 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
$133.3K $33.60/SF
− Vacancy
−$20.0K −$5.04/SF
EGI
$113.3K $28.56/SF
− OpEx
−$28.3K −$7.14/SF
NOI
$85.0K $21.42/SF
Area
Inglewood, CA
Vacancy
15.00%
Lease Rate
$33.60 /SF/Yr
Expense Ratio
25.00%
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%
$1,699,040
Cap Rate 7%
$1,213,600
Cap Rate 9%
$943,911
Alternative Uses
Best Use
Office B
$1.21M
$1.06M – $1.42M
NOI $84,952 @ 7.0% cap · market cap 3.15%
Second Best
Healthcare Medical
$1.01M
$883.4K – $1.18M
NOI $70,674 @ 7.0% cap · market cap 2.62%
Theoretical Best
Office A
$1.62M
$1.42M – $1.89M
NOI $113,269 @ 7.0% cap · market cap 4.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,355
Businesses Nearby
Under-served
Demand for This Use
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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- Quality Animal Clinic — 7625 Crenshaw Blvd, Los Angeles, CA 90043
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Frequently Asked Questions
What type of property is this?
Medical Office Space - The interior combines private rooms, offices, restrooms, and a dedicated reception area.
Where is this medical office space located?
The property is located at 447 N Prairie Ave Inglewood, CA.
What is the asking price?
The asking price for this property is $2,695,000.
What are key features of this property?
This property features: 3,966 square feet of interior space on a 12,212 sq ft lot; 11 private rooms, each equipped with a sink; Two private offices and four bathrooms
