Remodeled Office Building Near
241 S Market Street Inglewood, CA 90301
241 S Market Street, Inglewood, CA, 90301
Contact for pricing
For Sale
Contact for pricing
Downtown Inglewood office building for sale, close to SoFi Stadium.
Property Size3,750 SF
Price / SF$372
Days on Market1335
Property Features for 241 S Market Street
General Information
- Standard status
- Active
- Size
- 3,750 SF
- Property subtype
- Office
Listing Agency
Commercial Asset Group, Inc.
Listed by
Jeff Galvan · License #CA 01291531
Source
Crexi
Added: Nov 21, 2022 Checked: Jul 17 at 10:37 am
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.
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
Local Financial Insights For Office B
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 | $126.0k | $33.60 |
| − Vacancy | −$18.9k | −$5.04 |
| EGI | $107.1k | $28.56 |
| − OpEx | −$26.8k | −$7.14 |
| NOI | $80.3k | $21.42 |
3,750 SF · lease $33.60/SF/yr · vacancy 15.00% · expense 25.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Beakon Radio
Radio Station
Big Wave Realty
Real Estate Agency
Clean Credit Agency
Financial Advisor
Generation X Group
Association Or Organization
bruce stuart
Consultant
Similar For Sale Nearby
FAQs
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
