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Property profile & analytics
OFF-MARKET
Estimated value
$855,000
Retail space
10612 Pr Ave Inglewood, CA 90303-2104
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US09-8481771
Property summary
AI-generated overview
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.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1947
Construction
WOOD
Total area
2,860 SF
Lot
0.15 ac (6,656 SF)
Zoning code
INC2YY
APN
4032-017-003
UPID
US09-8481771
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Champ City Bar & Lounge Bar & Pub
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.11M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$855k
Owner & transaction history
Lc Venture Group 2 LLC · 4 yrs held
Lc Venture Group 2 LLC
since 2021
7 recorded transactions
Zoning & alternative use
INC2YY · Inglewood, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.3M
+27.8%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Inglewood submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Inglewood submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,205,000
6.5%
$1,110,000
7%
$1,035,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,015,000
Current use
MEDICAL BUILDING
$1,300,000
Change: +28% · Conversion: Difficult
OFFICE BUILDING
$960,000
Change: -6% · Conversion: Easy
WAREHOUSE, STORAGE
$840,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$855k
Range $770k – $941k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$299 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$15,110
Tax year 2024
Assessed value
$1,100,743
Assessed 2024
Previous assessed
$1,100,743
+0.0% YoY
Effective rate
1.37%
On assessed value
Assessed land
$892,663
Assessed improvement
$208,080
Applied tax rate
11.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1947
Construction
WOOD
Heating
NONE
Total area
2,860 SF
Lot
0.15 ac (6,656 SF)
Zoning code
INC2YY
APN
4032-017-003
UPID
US09-8481771
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
INC2YY · Inglewood, CA
Zoning INC2YY · permitted uses
INC2YY · Inglewood, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Inglewood. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$1.0M
MEDICAL BUILDING
Est. value
$1.3M
OFFICE BUILDING
Est. value
$960,000
WAREHOUSE, STORAGE
Est. value
$840,000
RETAIL STORES Current
MEDICAL BUILDING
OFFICE BUILDING
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1947
Construction
WOOD
Heating
NONE
Lot
0.15 ac
Current owner
From public records · entity-resolved
Lc Venture Group 2 LLC
Entity
Mailing address
PO BOX 861211, LOS ANGELES, CA 90086-1211
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
21 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 30, 2023
—
Lc Venture Group 2 LLC
—
Deed
related
$550,000 · Gail H Cohen Ira 383703
Jul 22, 2021
—
Lc Venture Group 2 LLC
Colin P Dias
Grant Deed
—
Dec 6, 2019
$632,500
Colin P Dias
Miguel A Valle
Grant Deed
—
Mar 19, 2019
—
Miguel A Valle
—
Deed
related
—
Oct 20, 2017
—
Miguel A Valle
—
Deed
related
$100,000 · Pedro S Mercado
Oct 2, 2017
—
Miguel A Valle
—
Deed
related
$385,000 · Velocity Com'l Cap
Mar 13, 2017
—
Miguel A Valle
—
Deed
related
$100,000 · Pedro S Mercado
Nov 28, 2016
—
Miguel A Valle
—
Deed
related
$60,000 · Irma Jacquez
Oct 19, 2016
—
Miguel A Valle
—
Deed
related
$100,000 · Pedro S Mercado
Jul 1, 2015
$300,000
Miguel A Valle
Jacquez Irma
Grant Deed
$280,000 · Lalm Ents LLC
Jul 1, 2015
—
Ella Williams
Piert Edward
Affidavit Of Death
—
Feb 16, 2005
$200,000
Irma Jacquez
Piert,edward
Grant Deed
$100,000 · Edward Piert
—
—
Miguel A Valle
—
Loan Modification
related
—
—
—
Irma Jacquez
—
Deed Of Trust
related
$50,000 · Manuel Gutierrez
—
—
Irma Jacquez
—
Deed Of Trust
related
$18,937 · Ruben T Gonzalez
—
—
Miguel A Valle
—
Deed Of Trust
related
$60,000 · Irma Jacquez
—
—
Miguel A Valle
—
Deed Of Trust
related
$100,000 · Pedro S Mercado
—
—
Miguel A Valle
—
Deed Of Trust
related
$100,000 · Pedro S Mercado
—
—
Miguel A Valle
—
Deed Of Trust
related
$100,000 · Pedro S Mercado
—
—
Miguel A Valle
—
Deed Of Trust
related
$385,000 · Velocity Com'l Cap
—
—
Edward Piert
—
Deed Of Trust
related
$50,000 · Aurora Investment INC
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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