Mixed-Use Retail
945 S Prairie Avenue Inglewood, CA 90301
945 S Prairie Avenue, Inglewood, CA, 90301
$3,999,000
For Sale
$3,999,000
Fee simple ownership of a two-story mixed-use retail center with 14 suites, including retail and office space.
Property Size8,357 SF
Lot Size0.39 Acres
Price / SF$478.52
Days on Market35
Property Features for 945 S Prairie Avenue
General Information
- Standard status
- Active
- Size
- 8,357 SF
- Lot size
- 0.39 Acres
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 1969
Listing agency
Brian Ross Brandt Branand
(202) 369-7908
Listed by
Brian Branand · License #01803629
(202) 369-7908
Source
Exitrealty
Added: Jun 19 Updated: Jul 22 at 9:29PM Checked: Jul 22 at 9:29PM
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 Brian Ross Brandt Branand
Investment Insights
Based on property information with market context.
The offering is for fee simple ownership of an 8,357 SF, two-story mixed-use retail center comprising 14 suites on a 17,170 SF site. The property includes space for a range of uses identified in the remarks, including retail, office, restaurant, and parking facilities (surface, subsurface, or structured). All 14 suites are described as being delivered vacant, positioned to support an owner-user strategy with SBA financing eligibility as stated in the remarks.
The center is located on Prairie Avenue with visibility and access on a main north/south avenue adjacent to the Hollywood Park Development. The remarks cite arterial traffic counts of 35,000 CPD and note the property’s position across from the main entrance to SoFi Stadium.
Development standards referenced in the remarks include an up to 75-foot (six-story) height limit and up to 70% site coverage, with permitting described as aligned with General Commercial C2, Medical, and/or TCO zoning categories listed in the remarks.
The center is located on Prairie Avenue with visibility and access on a main north/south avenue adjacent to the Hollywood Park Development. The remarks cite arterial traffic counts of 35,000 CPD and note the property’s position across from the main entrance to SoFi Stadium.
Development standards referenced in the remarks include an up to 75-foot (six-story) height limit and up to 70% site coverage, with permitting described as aligned with General Commercial C2, Medical, and/or TCO zoning categories listed in the remarks.
Key Highlights
- Fee simple ownership of an 8,357 SF two‑story mixed‑use retail center built in 1969
- 14‑suite layout with 8,357 SF of gross building area on a 17,170 SF land parcel
- Multiple permitted uses including retail, office, restaurant, and parking facilities under General Commercial C2, Medical, and/or TCO zoning
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $308.9k | $36.96 |
| − Vacancy | −$7.1k | −$0.85 |
| EGI | $301.8k | $36.11 |
| − OpEx | −$90.5k | −$10.83 |
| NOI | $211.2k | $25.28 |
8,357 SF · lease $36.96/SF/yr · vacancy 2.30% · expense 30.00%
Alternative Uses
Best Use
Retail
$3.02M
$2.64M – $3.52M
NOI $211,239 @ 7.0% cap · market cap 5.28%
Second Best
Office B
$2.56M
$2.24M – $2.98M
NOI $179,007 @ 7.0% cap · market cap 4.48%
Theoretical Best
Office A
$3.41M
$2.98M – $3.98M
NOI $238,676 @ 7.0% cap · market cap 5.97%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Ekechi Nwoga, DC
Alternative Medicine Practice
Color of Love Inc
Charitable Organization
All Business Financial ...
Insurance Agency
H & F Ventures ...
Loan Service
Beauty Shop
Hair Salon
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Fee simple ownership of a two-story mixed-use retail center with 14 suites, including retail and office space.
Where is this mixed-use property located?
The property is located at 945 S Prairie Avenue Inglewood, CA.
What is the asking price?
The asking price for this property is $3,999,000.
What are key features of this property?
This property features: Fee simple ownership of an 8,357 SF two‑story mixed‑use retail center built in 1969; 14‑suite layout with 8,357 SF of gross building area on a 17,170 SF land parcel; Multiple permitted uses including retail, office, restaurant, and parking facilities under General Commercial C2, Medical, and/or TCO zoning
