707 La Brea AveInglewood, CA 90302

Property Details for 707 La Brea Ave

Year built

1956

Construction

WOOD

Lot size

0.10 AC

Property size (Sq ft)

4,650 SF

Zone code

INC3*

Property type

Office properties

Property subtype

Office buildings

APN

4016-008-002

APU

4016008002

Description

This exceptional Inglewood commercial property, located at 707 La Brea Avenue, offers 4,650 square feet on a 0.1-acre lot. The two-story building boasts four second-floor offices, four bathrooms, a breakroom, and two conference rooms. Central heating and air conditioning are included. The property features 23 parking spaces and enjoys high visibility at the corner of La Brea Avenue and Hazel Street. Its INC3 zoning suggests potential development opportunities. The location is highly desirable, within walking distance of various amenities including restaurants and grocery stores, and adjacent to the DMV. Convenient freeway access (405 and 105 freeways) and proximity to rapid transit add to its appeal. This probate sale offers a one-third interest with no overbidding, subject to a property swap. The property will be delivered vacant at closing, although the seller may require additional time for relocation. The sale is all cash or terms acceptable to the seller, with the seller selecting escrow and title services. A 1031 exchange is anticipated. Buyer's due diligence is strongly recommended. Drive-by only

• CAP approach

  CAP return

  Valuation

  6%

  $1,187,475

  6.5%

  $1,096,130

  7%

  $1,017,835

• Comparable approach

  Method

  Valuation

  Relative Method

  $884,244

  Geo Method

  $884,244

• Alternative Use

  Use

  Valuation

  Residential

  $1,359,202

  Hospitality

  $1,245,022

  Educational

  $1,035,843

  Medical

  $1,071,468

  Retail

  $1,611,312

Location Insight

City

Inglewood

County

Los Angeles

State

California

Latitude

33.9716

Longitude

-118.358

CBSA code

31080

CBSA name

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

Property Tax & Assessments

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