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Property profile

10404 S Prairie Ave Inglewood, CA 90303

FOR SALE
Parking lots & garages
Property ID
US09-7994016
6,650 SF 0.15 ac lot Built 1926
Entity Owned 11-yr Hold ~ Est. High Equity
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10404 S Prairie Ave, Inglewood, CA 90303 For Sale
$5,999,999 6,650 SF
10404 S Prairie Ave, Inglewood, CA 90303
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Property summary

AI-generated overview

This exceptional 5,880 square foot mixed-use property, located at 10404 Prairie Avenue in Inglewood, CA, presents a unique investment and development opportunity. Situated on a 0.15-acre lot (APN: 4032-009-001), this property offers significant potential for a variety of uses. The INC2YY zoning allows for versatile development, including mixed-use projects, hospitality ventures, or parking facilities. However, potential buyers are advised to independently verify all permitted uses with the City of Inglewood. The property's strategic location, just half a block from the new Intuit Dome and two blocks from SoFi Stadium, places it at the heart of Inglewood's revitalization. This area is experiencing unprecedented growth, fueled by major events such as the upcoming FIFA World Cup, Olympics, and future Super Bowl games. The total buildable area is 14,680 square feet, providing ample space for a substantial development. This presents a rare chance to capitalize on Inglewood's transformation and become part of this dynamic urban renaissance. The asking price for this exceptional property is $5,499,999. Don't miss this opportunity to invest in one of Southern California's most exciting and rapidly growing markets.

Property profile

Verified
Property type Parking lots & garages
Use group PARKING LOT
Year built 1926
Total area 6,650 SF
Lot 0.15 ac (6,703 SF)
Zoning code INC2
APN 4032-009-002
UPID US09-7994016

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

10404 S Prairie Ave Inglewood, CA 90303
Inglewood metro Census 601900 LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$265k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$265k

Owner & transaction history

since 2015
7 recorded transactions
2015
$1.4M
2011
Price N/A
2008
$1.4M
2006
Price N/A
2004
$600,000
2003
$400,000
2000
$287,500

Zoning & alternative use

INC2 · Inglewood, CA

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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