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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1117 E Redondo Blvd Inglewood, CA 90302

    • Parking lots & garages
    • 3,104 SF
    • 0.14 lot acres
    For Sale
    View listing
    $1,295,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-6959469
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Parking lots & garages

    Property Details for 1117 E Redondo Blvd

    Year built
    1948
    Construction
    WOOD
    Lot size
    0.14 lot acres
    Property size
    3,104 SF
    Zone code
    INC3YY
    Property type
    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.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $305,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $435,000
      Market price range: $104k - $435k

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Inglewood
    County
    Los Angeles
    State
    California
    Longitude
    -118.337
    Latitude
    33.9757
    CBSA code
    31080
    CBSA name
    LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $12,715
    $804,150
    $160,829
    $964,979
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

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      724 La Brea Ave

      PARKING LOT • 5,700 SF
      724 La Brea Ave, Inglewood, CA 90302-2204
      View Details
    • Value Estimation
      $820,000
      6,750 SF

      809 Hyde Park Blvd

      PARKING LOT • 6,750 SF
      809 Hyde Park Blvd, Inglewood, CA 90302
      View Details
    • Value Estimation
      $250,000
      7,250 SF

      723 65th St

      PARKING LOT • 7,250 SF
      723 65th St, Inglewood, CA 90302
      View Details
    • Value Estimation by Request
      14,497 SF

      1223 Centinela Ave

      PARKING LOT • 14,497 SF
      1223 Centinela Ave, Inglewood, CA 90302-1137
      View Details
    • Value Estimation
      $215,000
      1,490 SF

      968 68th St

      PARKING LOT • 1,490 SF
      968 68th St, Inglewood, CA 90302-1700
      View Details
    • Value Estimation
      $1,520,000
      6,000 SF

      521 Hyde Park Pl

      PARKING LOT • 6,000 SF
      521 Hyde Park Pl, Inglewood, CA 90302-1601
      View Details

    Similar Nearby for Sale

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      Inglewood Multi-Use Commercial Property

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      Inglewood Commercial Space For Sale

      Versatile commercial property near SoFi Stadium with development potential.
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    Similar Nearby for Lease

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      Inglewood Retail Storefront For Lease

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      Inglewood Retail Space - La Brea Ave

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      Land with Office/Warehouse Improvements

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      View Details
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      Inglewood Warehouse with Corporate Offices

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    Inglewood, CA 90302
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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