Mixed-Use Property with Loading
For Sale
Contact for pricing
1115 E Redondo Blvd, Inglewood, CA 90302
Mixed-use property featuring loading docks, offices, and neighborhood traffic.
Property Size3,104 SF
Price / SF$417.20
Days on Market700
Property Features for 1115 E Redondo Blvd
General Information
Standard status
Active
Size
3,104 SF
Property subtype
Hospitality, Industrial, Office, Retail, Self Storage
Building Details
Year Built
1948
Listing Agency:
THE CORRALES GROUP
(310) 546-7611
Listed By:
John Corrales · License #01263687
Source:
Crexi
Added: Sep 26, 2024
Changed: Aug 8
Last Checked: Aug 24 at 10:53PM
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 THE CORRALES GROUP
Investment Insights
Based on property information with market context.
This mixed-use property features a loft area with an artistic coved and beam ceiling, along with three offices and three bathrooms. The property includes four loading docks/garages and a large steel security gate at the rear. It is located 2.1 miles from SoFi Stadium and benefits from substantial neighborhood traffic. Situated a block away from a large, newer apartment complex and near security patrol across the street at the Fairfield Heights station, the property offers an incredible space suitable for various commercial uses.
Key Highlights
- Four loading dock/garages offer significant utility.
- Proximity to SoFi Stadium (2.1 miles).
- Three offices and three 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
$78,460
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
6.06%
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%
$1,569,200
$1.6M
Cap Rate 7%
$1,120,857
$1.1M
Cap Rate 9%
$871,778
$871.8K
Market Conditions
NOI Build-Up for 3,104 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
$114.7K $36.96/SF
− Vacancy
−$2.6K −$0.85/SF
EGI
$112.1K $36.11/SF
− OpEx
−$33.6K −$10.83/SF
NOI
$78.5K $25.28/SF
Area
Inglewood, CA
Vacancy
2.30%
Lease Rate
$36.96 /SF/Yr
Expense Ratio
30.00%
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%
$1,569,200
Cap Rate 7%
$1,120,857
Cap Rate 9%
$871,778
Alternative Uses
Best Use
Retail
$1.12M
$980.8K – $1.31M
NOI $78,460 @ 7.0% cap · market cap 6.06%
Second Best
Office B
$949.8K
$831.1K – $1.11M
NOI $66,488 @ 7.0% cap · market cap 5.13%
Theoretical Best
Office A
$1.27M
$1.11M – $1.48M
NOI $88,650 @ 7.0% cap · market cap 6.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
806
Businesses Nearby
Explore this area
Business Placement
Demographics for 90302, CA
29,264
Population
11,366
Households
2.6
Avg Household Size
36
Median Age
30%
College-Educated
81%
High-School Grad
1.9 sq mi
ZIP Area
15,402
Density / Sq Mi
$72,461
Median Household Income
$37,675
Median Earnings
$1,784
Median Rent
$731,300
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 property featuring loading docks, offices, and neighborhood traffic.
Where is this mixed-use property located?
The property is located at 1115 E Redondo Blvd Inglewood, CA.
What is the asking price?
The asking price for this property is $1,295,000.
What are key features of this property?
This property features: Four loading dock/garages offer significant utility.; Proximity to SoFi Stadium (2.1 miles).; Three offices and three bathrooms.
