Storefront Property with INC2
New
For Sale
$2,150,000
4761 W Century Blvd, Inglewood, CA 90304
INC2-zoned commercial building supporting retail, office, showroom, and service-commercial applications.
Property Size8,620 SF
Lot Size0.23 Acres
Price / SF$249.42
Days on Market2
Property Features for 4761 W Century Blvd
General Information
Standard status
Active
Size
8,620 SF
Lot size
0.23 Acres
Property subtype
Vacant-User
Zoning
INC2
Additional Details
Asking Price
$2,150,000
Amenities
Prominent frontage on heavily traveled Century Blvd with flexible commercial zoning allowing a broad range of retail, office, showroom, automotive-related, and commercial uses
Excellent owner-user or investment opportunity located within one of Southern California's most active redevelopment and investment corridors
Minutes from SoFi Stadium, Intuit Dome, Hollywood Park, The Kia Forum, and YouTube Theater with Convenient access to I-405, I-105, LAX, and major employment centers
Building Details
Building Size
8,620 SF
Year Built
1956
Buildings
1
Listing Agency:
Marcus & Millichap - Orange County
(949) 419-3295
Listed By:
Parham Khoshbakhtian · License #License(s): CA: 01446947, NV: S0200970
(949) 419-3295
Source:
Marcusmillichap
Added: Aug 12
Changed: Aug 13
Last Checked: Aug 13 at 4:11AM
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 Marcus & Millichap - Orange County
Investment Insights
Based on property information with market context.
The property is an 8,620-square-foot commercial building on a 10,035-square-foot parcel, constructed in 1956. INC2 zoning supports a range of retail, office, showroom, and service-commercial applications, with a configuration suitable for owner-user occupancy or continued commercial use.
Located at 4761 W. Century Boulevard in Inglewood, the property sits along a primary commercial corridor between Downtown Los Angeles and LAX. SoFi Stadium, Intuit Dome, Hollywood Park, YouTube Theater, and The Kia Forum are all identified nearby, placing the building within Inglewood’s sports, entertainment, and commercial district.
Located at 4761 W. Century Boulevard in Inglewood, the property sits along a primary commercial corridor between Downtown Los Angeles and LAX. SoFi Stadium, Intuit Dome, Hollywood Park, YouTube Theater, and The Kia Forum are all identified nearby, placing the building within Inglewood’s sports, entertainment, and commercial district.
Key Highlights
- 8,620‑square‑foot commercial building on a 10,035‑square‑foot parcel
- INC2 zoning supports retail, office, showroom, and service‑commercial applications
- Located at 4761 W. Century Boulevard in Inglewood, CA 90304
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
$184,640
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
8.59%
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%
$3,692,800
$3.7M
Cap Rate 7%
$2,637,714
$2.6M
Cap Rate 9%
$2,051,556
$2.1M
Market Conditions
NOI Build-Up for 8,620 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
$289.6K $33.60/SF
− Vacancy
−$43.4K −$5.04/SF
EGI
$246.2K $28.56/SF
− OpEx
−$61.5K −$7.14/SF
NOI
$184.6K $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%
$3,692,800
Cap Rate 7%
$2,637,714
Cap Rate 9%
$2,051,556
Alternative Uses
Best Use
Retail
$3.11M
$2.72M – $3.63M
NOI $217,887 @ 7.0% cap · market cap 10.13%
Second Best
Office B
$2.64M
$2.31M – $3.08M
NOI $184,640 @ 7.0% cap · market cap 8.59%
Theoretical Best
Office A
$3.52M
$3.08M – $4.10M
NOI $246,187 @ 7.0% cap · market cap 11.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,258
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 90304, CA
26,058
Population
7,673
Households
3.4
Avg Household Size
33
Median Age
14%
College-Educated
56%
High-School Grad
1.6 sq mi
ZIP Area
16,286
Density / Sq Mi
$63,317
Median Household Income
$31,385
Median Earnings
$1,499
Median Rent
$696,200
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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Frequently Asked Questions
What type of property is this?
Storefront property - INC2-zoned commercial building supporting retail, office, showroom, and service-commercial applications.
Where is this storefront property located?
The property is located at 4761 W Century Blvd Inglewood, CA.
What is the asking price?
The asking price for this property is $2,150,000.
What are key features of this property?
This property features: 8,620‑square‑foot commercial building on a 10,035‑square‑foot parcel; INC2 zoning supports retail, office, showroom, and service‑commercial applications; Located at 4761 W. Century Boulevard in Inglewood, CA 90304
