Flex Space with
New
For Sale
$1,500,000
951 E La Palma, Inglewood, CA 90301
Vacant commercial flex building with open interiors, street-facing glass, and secured rear access for parking and loading.
Property Size5,662 SF
Price / SF$271.30
Days on Market1
Property Features for 951 E La Palma
General Information
Standard status
Active
Size
5,662 SF
Property subtype
Commercial
Zoning
INC5YY
Site & Location
Road Access
Yes
Fenced Yard
Yes
Additional Details
Mezzanine
1,689 SF
Building Details
Building Size
5,662 SF
Year Built
1952
Buildings
1
Stories
1
Construction
tilt-up concrete and brick masonry
Listed By:
David Leung
Source:
Elliman
Added: Sep 4
Last Checked: Sep 4 at 2:20PM
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 David Leung
Investment Insights
Based on property information with market context.
This vacant flex property combines durable concrete tilt-up and brick masonry construction with a 3,840-square-foot ground-floor footprint and a 1,689-square-foot perimeter loft mezzanine, totaling 5,529 square feet. The open-span interior includes exposed bow-truss and wood-rafter ceilings, LED strip lighting, polished floor finishes, painted masonry walls, and mezzanine walkways. A full-glass storefront provides direct street exposure, while the paved rear yard offers secured parking and loading through rear access doors, fencing, and a gated alley connection.
The property is identified with INC5YY zoning and is positioned on South La Brea Avenue in Inglewood. The surrounding area includes SoFi Stadium, Intuit Dome, Hollywood Park, Downtown Inglewood, and the Metro K Line. Built in 1952, the building offers a flexible base for commercial, office, studio, service, showroom, or light production uses supported by the existing layout.
The property is identified with INC5YY zoning and is positioned on South La Brea Avenue in Inglewood. The surrounding area includes SoFi Stadium, Intuit Dome, Hollywood Park, Downtown Inglewood, and the Metro K Line. Built in 1952, the building offers a flexible base for commercial, office, studio, service, showroom, or light production uses supported by the existing layout.
Key Highlights
- 5,529 SF total interior area, including a 3,840 SF ground floor and 1,689 SF mezzanine
- Open‑span interior with exposed bow‑truss and wood‑rafter ceilings
- Full‑glass storefront facing South La Brea Avenue
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
$68,685
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
4.58%
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%
$1,373,700
$1.4M
Cap Rate 7%
$981,214
$981.2K
Cap Rate 9%
$763,167
$763.2K
Market Conditions
NOI Build-Up for 5,529 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
$104.8K $18.96/SF
− Vacancy
−$6.7K −$1.21/SF
EGI
$98.1K $17.75/SF
− OpEx
−$29.4K −$5.32/SF
NOI
$68.7K $12.42/SF
Area
Inglewood, CA
Vacancy
6.40%
Lease Rate
$18.96 /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%
$1,373,700
Cap Rate 7%
$981,214
Cap Rate 9%
$763,167
Alternative Uses
Best Use
Industrial
$981.2K
$858.6K – $1.14M
NOI $68,685 @ 7.0% cap · market cap 4.58%
Second Best
Flex RnD
$911.1K
$797.2K – $1.06M
NOI $63,778 @ 7.0% cap · market cap 4.25%
Theoretical Best
Office A
$2.26M
$1.97M – $2.63M
NOI $157,908 @ 7.0% cap · market cap 10.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Fenced yard
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,310
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 Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Blank Beverage — 3738 W Century Blvd, Inglewood, CA 90303
- Just a bite catering — W Century Blvd, Los Angeles, CA 91101
- Tru2It Catering By Trufonn — S Flower St, Inglewood, CA 90301
- Alice Pupuseria — 622 Myrtle Ave, Inglewood, CA 90301
- Ladiestouch Diner — 139 S Market St Unit #251, Inglewood, CA 90303
Frequently Asked Questions
What type of property is this?
Flex space - Vacant commercial flex building with open interiors, street-facing glass, and secured rear access for parking and loading.
Where is this flex space located?
The property is located at 951 E La Palma Inglewood, CA.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 5,529 SF total interior area, including a 3,840 SF ground floor and 1,689 SF mezzanine; Open‑span interior with exposed bow‑truss and wood‑rafter ceilings; Full‑glass storefront facing South La Brea Avenue
