10612 Prairie AveInglewood, CA 90303

Property Details for 10612 Prairie Ave

Year built

1947

Construction

WOOD

Lot size

0.15 AC

Property size (Sq ft)

2,860 SF

Zone code

INC2YY

Property type

Retail properties

Property subtype

Retail space

APN

4032-017-003

APU

4032017003

Description

This exceptional Inglewood restaurant and bar presents a unique investment opportunity. Located at 10612 Prairie Avenue, this fully licensed and equipped establishment boasts 2,860 square feet of indoor space, complemented by outdoor seating on a 0.15-acre lot. Its strategic location near SoFi Stadium, Intuit Dome, and The Forum guarantees consistent high foot traffic from major events and concerts, ensuring a steady stream of customers. The business is turnkey and ready to operate, holding a beer and wine license. The spacious and stylish interior provides ample room for operations, while the high visibility ensures strong brand recognition within a rapidly developing area. This presents significant growth potential, allowing for expansion into catering, private events, or the introduction of new menu concepts to further capitalize on the high-demand location. The asking price is $1,800,000. This is an ideal acquisition for experienced restaurant operators, investors, or entrepreneurs seeking a high-growth, high-traffic business in a prime Inglewood location.

• CAP approach

  CAP return

  Valuation

  6%

  $1,026,517

  6.5%

  $947,554

  7%

  $879,871

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,370,521

  Geo Method

  $1,370,521

• Alternative Use

  Use

  Valuation

  Residential

  $799,297

  Hospitality

  $732,152

  Educational

  $609,142

  Medical

  $630,091

  Retail

  $947,554

Location Insight

City

Inglewood

County

Los Angeles

State

California

Latitude

33.9394

Longitude

-118.344

CBSA code

31080

CBSA name

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

Property Tax & Assessments

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