5138 Century BlvdInglewood, CA 90304

Property Details for 5138 Century Blvd

Year built

1956

Construction

WOOD

Lot size

0.19 AC

Property size (Sq ft)

3,890 SF

Zone code

LAC-2*

Property type

Retail properties

Property subtype

Outlet malls

APN

4038-002-006

APU

4038002006

Description

This exceptional 0.19-acre commercial land parcel in Inglewood, California, presents a remarkable redevelopment opportunity. Strategically located at 5138 W Century Blvd, the property boasts unparalleled visibility due to its adjacency to the 405 Freeway, experiencing over 332,137 vehicles per day. Its C-2 zoning permits a wide range of commercial uses, including retail sales, commercial services, and rentals. The site's proximity to LAX International Airport (1.7 miles away), serving over 88 million annual passengers, ensures high foot traffic and significant potential for growth. Across the street sits the $1 billion CONRAC (Consolidated Rent-a-Car Facility), featuring a direct airport tram, further enhancing the property's accessibility and desirability. The site, recently cleared and ready for immediate development, also includes an existing billboard generating $35,000 in annual income. Surrounded by established national tenants such as McDonald's, Starbucks, Subway, The Westin, Marriott, and La Quinta Inn & Suites, this property offers an exceptional investment opportunity with significant upside potential. The property features two convenient points of ingress and egress, ensuring easy access for customers and employees. The asking price is $2,750,000. The 90304 zip code and Los Angeles County location provide additional context for this prime commercial real estate offering.

• CAP approach

  CAP return

  Valuation

  6%

  $1,321,097

  6.5%

  $1,219,474

  7%

  $1,132,369

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,864,100

  Geo Method

  $1,864,100

• Alternative Use

  Use

  Valuation

  Residential

  $1,028,672

  Hospitality

  $942,258

  Educational

  $783,948

  Medical

  $810,909

  Retail

  $1,219,474

Location Insight

City

Inglewood

County

Los Angeles

State

California

Latitude

33.9451

Longitude

-118.369

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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