Flex Building with
For Sale
Contact for pricing
951 S La Brea Ave, Inglewood, CA 90301
Open-span commercial space with a glass storefront, polished floors, and private rear access for parking and loading.
Property Size5,529 SF
Price / SF$271.30
Days on Market12
Property Features for 951 S La Brea Ave
General Information
Standard status
Active
Size
5,529 SF
Property subtype
Retail, Office
Zoning
INC5YY (Inglewood Heavy Commercial / Regional Business)
Investment Type
Owner/User
Additional Details
Road Access
Yes
Mezzanine
1,689 SF
Building Details
Year Built
1952
Buildings
1
Building Size
5,529 SF
Construction
tilt-up concrete, brick masonry
Listing Agency:
Sam Leung Development and Realty
Listed By:
David Leung · License #01914025
Source:
Crexi
Added: Aug 19
Changed: Aug 29
Last Checked: Aug 29 at 11:08AM
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 Sam Leung Development and Realty
Investment Insights
Based on property information with market context.
This flex property combines durable concrete tilt-up and brick masonry construction with an adaptable interior arranged across a 3,840-square-foot ground-floor footprint and a 1,689-square-foot perimeter loft and mezzanine. The building offers 5,529 square feet in total, with open-span areas, exposed bow-truss and wood-rafter ceilings, strip LED lighting, polished floor finishes, and mezzanine walkways along the perimeter. A full glass storefront faces South La Brea Avenue, while the paved rear yard supports private parking and loading through the rear alleyway.
The property is located at 951 S La Brea Avenue in Inglewood and is zoned INC5YY, identified as Inglewood Heavy Commercial / Regional Business. Regional destinations and transportation resources cited for the property include SoFi Stadium, Intuit Dome, Hollywood Park, Downtown Inglewood, and the Metro K Line.
The property is located at 951 S La Brea Avenue in Inglewood and is zoned INC5YY, identified as Inglewood Heavy Commercial / Regional Business. Regional destinations and transportation resources cited for the property include SoFi Stadium, Intuit Dome, Hollywood Park, Downtown Inglewood, and the Metro K Line.
Key Highlights
- 5,529 SF total interior space, including a 3,840 SF ground‑floor footprint and 1,689 SF loft/mezzanine
- INC5YY zoning: Inglewood Heavy Commercial / Regional Business
- Concrete tilt‑up and brick masonry construction completed in 1952
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
$118,431
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
7.90%
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%
$2,368,620
$2.4M
Cap Rate 7%
$1,691,871
$1.7M
Cap Rate 9%
$1,315,900
$1.3M
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
$185.8K $33.60/SF
− Vacancy
−$27.9K −$5.04/SF
EGI
$157.9K $28.56/SF
− OpEx
−$39.5K −$7.14/SF
NOI
$118.4K $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%
$2,368,620
Cap Rate 7%
$1,691,871
Cap Rate 9%
$1,315,900
Alternative Uses
Best Use
Retail
$2.00M
$1.75M – $2.33M
NOI $139,756 @ 7.0% cap · market cap 9.32%
Second Best
Office B
$1.69M
$1.48M – $1.97M
NOI $118,431 @ 7.0% cap · market cap 7.90%
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
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,153
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 Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Open-span commercial space with a glass storefront, polished floors, and private rear access for parking and loading.
Where is this flex space located?
The property is located at 951 S La Brea Ave 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 space, including a 3,840 SF ground‑floor footprint and 1,689 SF loft/mezzanine; INC5YY zoning: Inglewood Heavy Commercial / Regional Business; Concrete tilt‑up and brick masonry construction completed in 1952
