Remodeled Office Building Near
For Sale
Contact for pricing
241 S Market Street, Inglewood, CA 90301
Downtown Inglewood office building for sale, close to SoFi Stadium.
Property Size3,750 SF
Price / SF$372
Days on Market1426
Property Features for 241 S Market Street
General Information
Standard status
Active
Size
3,750 SF
Property subtype
Office
Zoning
INC1
Investment Type
Owner/User
Listing Agency:
Commercial Asset Group, Inc.
Listed By:
Jeff Galvan · License #CA 01291531
Source:
Crexi
Added: Nov 21, 2022
Changed: Oct 14
Last Checked: Oct 16 at 9:37AM
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 Commercial Asset Group, Inc.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Located in downtown Inglewood, this 3,750 square-foot property is available for sale. The building has been fully remodeled and is situated minutes away from SoFi Stadium, home of the LA Rams. The property is suitable for commercial real estate and office use.
Key Highlights
- Fully Remodeled Property
- Located in Downtown Inglewood
- Minutes Away from SoFi Stadium
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$80,325
Cap Rate
5.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,606,500
$1.6M
Cap Rate 7%
$1,147,500
$1.1M
Cap Rate 9%
$892,500
$892.5K
Market Conditions
NOI Build-Up for 3,750 SF
Gross rent
$126.0K $33.60/SF
− Vacancy
−$18.9K −$5.04/SF
EGI
$107.1K $28.56/SF
− OpEx
−$26.8K −$7.14/SF
NOI
$80.3K $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 Rate 5%
$1,606,500
Cap Rate 7%
$1,147,500
Cap Rate 9%
$892,500
Alternative Uses
Best Use
Office B
$1.15M
$1.00M – $1.34M
NOI $80,325 @ 7.0% cap · market cap 5.76%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.53M
$1.34M – $1.79M
NOI $107,100 @ 7.0% cap · market cap 7.68%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,610
Businesses Nearby
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office building - Downtown Inglewood office building for sale, close to SoFi Stadium.
Where is this office building located?
The property is located at 241 S Market Street Inglewood, CA.
What is the asking price?
The asking price for this property is $1,395,000.
What are key features of this property?
This property features: Fully Remodeled Property; Located in Downtown Inglewood; Minutes Away from SoFi Stadium
