1117 Redondo BlvdInglewood, CA 90302

Property Details for 1117 Redondo Blvd

Year built

1948

Construction

WOOD

Lot size

0.14 AC

Property size (Sq ft)

3,104 SF

Zone code

INC3YY

Property type

Retail properties

Property subtype

Parking lots & garages

APN

4013-007-025

APU

4013007025

Description

This 3,104 square foot Inglewood property, situated on a 0.14-acre lot at 1117 Redondo Boulevard, presents a unique investment opportunity. The building boasts four loading docks/garages secured by a large steel gate at the rear, making it ideal for various uses. Inside, discover a captivating loft area featuring an artistic coved and beam ceiling, adding character and charm. The functional layout includes three offices and three bathrooms, catering to diverse business needs. Currently zoned MU-3, the property offers flexibility for both residential and commercial applications (buyer to verify zoning compliance). Its prime location, just 2.1 miles from SoFi Stadium, ensures high visibility and accessibility. The property benefits from significant neighborhood traffic, enhanced by its proximity to a large, recently constructed apartment complex and a visible security presence across the street at the Fairfield Heights station. This versatile space holds immense potential for a variety of businesses, including neighborhood retail, warehouse operations, technology offices, architectural firms, or even an athletic facility. The combination of its unique features, strategic location, and flexible zoning makes this an exceptional opportunity for a discerning investor.

• CAP approach

  CAP return

  Valuation

  6%

  $1,322,048

  6.5%

  $1,220,352

  7%

  $1,133,184

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,487,447

  Geo Method

  $1,487,447

• Alternative Use

  Use

  Valuation

  Residential

  $1,029,413

  Hospitality

  $942,936

  Educational

  $784,512

  Medical

  $811,493

  Retail

  $1,220,352

Location Insight

City

Inglewood

County

Los Angeles

State

California

Latitude

33.9757

Longitude

-118.337

CBSA code

31080

CBSA name

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

Property Tax & Assessments

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