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    4500 Inglewood Blvd Los Angeles, CA 90230

    Sponsored
    For Lease
    $53 SF/Yr ($14,578 /Mo)

    Prime Culver City location; 800-900 sq ft spaces.

    Lot size:
    3,276 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    404
    This exceptional opportunity presents two available retail spaces totaling 800 square feet each within a single-story, 3,276 square foot building situated in the vibrant Culver City West submarket. The property, built in 1956, is ideally located at the corner of Culver Boulevard and Inglewood Boulevard, offering high visibility and significant foot traffic. The spaces are configured as an end cap and a second-generation restaurant/cafe space, presenting versatile options for various retail uses. Each space offers a minimum of 800 contiguous square feet, perfect for a variety of businesses. The building features five total suites, and this listing encompasses two vacant suites. The property is zoned for Culver City commercial use and is classified as Class C. While parking information is unavailable, the strategic location ensures convenient access for customers. The absence of elevators is noted. This is a rare chance to establish a business in a thriving area with excellent street visibility and high pedestrian traffic. The property's location at the intersection of Culver Blvd and Inglewood Blvd provides unparalleled access to a bustling commercial district. This is an ideal opportunity for businesses seeking a high-traffic location in a desirable Culver City neighborhood.

    Property Features for 4500 Inglewood Blvd

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    3,276 SF
    Class
    C
    Total Rate
    14578.2

    Building Details

    Year Built
    1956
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Cafe / Bakery
    Size
    800 SF
    Rate per SF
    $60
    Space
    End Cap
    Size
    900 SF
    Rate per SF
    $53

    We can help!

    Listing Contact
    Aaron Guido
    Aaron Guido

    Learn more

    HighLights

    • Retail/Restaurant space available in Culver City, CA.
    • Two suites available, 800‑900 square feet each.
    • Located at 4500‑4506 Inglewood Blvd, corner of Culver Blvd and Inglewood Ave.
    • Building totals 3,276 square feet, with 800 square feet currently vacant.
    • Single‑story, 1956‑built building, Class C.
    Property Profile Location Intelligence

    Current Use by Public Records

    El Rancho Produce Produce Market The Best Fruit Platters Gourmet Grocery Store

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.41759353243
    Latitude
    33.994669510125

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    FAQs

    What type of property is this?
    Restaurant - Prime Culver City location; 800-900 sq ft spaces.
    Where is this restaurant located?
    The property is located at 4500 Inglewood Blvd Los Angeles, CA.
    What is the lease rate?
    The lease rate is $53-$60 SF/Yr.
    What are key features of this property?
    This property features: Retail/Restaurant space available in Culver City, CA.; Two suites available, 800-900 square feet each.; Located at 4500-4506 Inglewood Blvd, corner of Culver Blvd and Inglewood Ave.
    Request Owner's contact information
    4500 Inglewood Blvd Los Angeles, CA 90230
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    4500 Inglewood Blvd Los Angeles, CA 90230
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    We can help!
    Listing Contact
    Aaron Guido
    Aaron Guido
    Real Estate License ID: CA 01924254
    Learn more
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