Freestanding Flex Space with
For Sale
$1,990,000
979 La Brea Avenue, Inglewood, CA 90301
Two-unit configuration combines adaptable workspace with rear vehicle access and a column-free interior.
Property Size5,688 SF
Price / SF$349.86
Days on Market11
Property Features for 979 La Brea Avenue
General Information
Standard status
Active
Size
5,688 SF
Class
Class C
Total Parking Spaces
9
Property subtype
Retail
Zoning
C5
Warehouse & Industrial
Clear Height
18 ft
Clear Span
Yes
Mezzanine
1,513 SF
Loading
Rear Load
Additional Details
Highway Access
Yes
Building Details
Year Built
1955
Buildings
1
Listing Agency:
(818) 476-3000
Listed By:
Coldwell Banker Hallmark
Source:
Xome
Added: Aug 31
Changed: Sep 9
Last Checked: Sep 9 at 5:29AM
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 Coldwell Banker Hallmark
Investment Insights
Based on property information with market context.
This freestanding flex property is configured as two units within a Class C commercial building. The approximately 5,430-square-foot main floor features an 18-foot clear ceiling and a column-free layout suited to showroom, warehouse, office, distribution, or other flex applications. One approximately 2,000-square-foot unit is leased through April 30, 2027, while the second unit is available for owner occupancy.
The property at 979 S La Brea Avenue in Inglewood includes nine rear parking spaces, alley access, and a rear delivery entrance that supports loading and unloading. The open interior allows forklift movement throughout the building. C5 zoning, signage, and access to the 405 and 105 freeways add practical utility for commercial operations. The site has a Walk Score of 88.
The property at 979 S La Brea Avenue in Inglewood includes nine rear parking spaces, alley access, and a rear delivery entrance that supports loading and unloading. The open interior allows forklift movement throughout the building. C5 zoning, signage, and access to the 405 and 105 freeways add practical utility for commercial operations. The site has a Walk Score of 88.
Key Highlights
- Approximately 5,430 SF main floor with an 18‑foot clear ceiling
- Two‑unit layout with approximately 2,000 SF leased through April 30, 2027
- Column‑free interior supports forklift movement and flexible commercial layouts
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
$85,801
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
4.31%
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%
$1,716,020
$1.7M
Cap Rate 7%
$1,225,729
$1.2M
Cap Rate 9%
$953,344
$953.3K
Market Conditions
NOI Build-Up for 5,688 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
$107.8K $18.96/SF
− Vacancy
−$6.9K −$1.21/SF
EGI
$100.9K $17.75/SF
− OpEx
−$15.1K −$2.66/SF
NOI
$85.8K $15.08/SF
Area
Inglewood, CA
Vacancy
6.40%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
15.00%
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%
$1,716,020
Cap Rate 7%
$1,225,729
Cap Rate 9%
$953,344
Alternative Uses
Best Use
Warehouse
$1.23M
$1.07M – $1.43M
NOI $85,801 @ 7.0% cap · market cap 4.31%
Second Best
Industrial
$1.01M
$883.3K – $1.18M
NOI $70,660 @ 7.0% cap · market cap 3.55%
Theoretical Best
Office A
$2.32M
$2.03M – $2.71M
NOI $162,449 @ 7.0% cap · market cap 8.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
18 ft
Clear height
Yes
Highway 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in West region
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Frequently Asked Questions
What type of property is this?
Flex space - Two-unit configuration combines adaptable workspace with rear vehicle access and a column-free interior.
Where is this flex space located?
The property is located at 979 La Brea Avenue Inglewood, CA.
What is the asking price?
The asking price for this property is $1,990,000.
What are key features of this property?
This property features: Approximately 5,430 SF main floor with an 18‑foot clear ceiling; Two‑unit layout with approximately 2,000 SF leased through April 30, 2027; Column‑free interior supports forklift movement and flexible commercial layouts
