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

    241 La Brea Ave Inglewood, CA 90301

    • Investment properties
    • 6,344 SF
    • 0.16 lot acres
    OFF-MARKET
    Value Estimations
    $1,395,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-7614668
    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

    • Red Electricians Inglewood / Electrical Service / General Contractor

    Property Details for 241 La Brea Ave

    Construction
    TILT-UP CONCRETE
    Lot size
    0.16 lot acres
    Property size
    6,344 SF
    Zone code
    INC1D*
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    4021-014-022
    APU
    4021014022

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,825,000
      6.5%
      $1,685,000
      7%
      $1,565,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,129,000
      Market price range: $408k - $1.25M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $1,755,000
      Current use
      RETAIL STORES
      $2,255,000
      Change: +28% Conversion: Easy
      OFFICE BUILDING
      $2,130,000
      Change: +21% Conversion: Easy
      INDUSTRIAL (GENERAL)
      $1,950,000
      Change: +11% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Inglewood
    County
    Los Angeles
    State
    California
    Longitude
    -118.354
    Latitude
    33.961
    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
    $19,259
    $1,115,517
    $321,267
    $1,436,784
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $3,210,000
      23,472 SF

      300 Queen St

      STORE/OFFICE (MIXED USE) • 23,472 SF
      300 Queen St, Inglewood, CA 90301-1817
      View Details
    • Value Estimation
      $6,310,000
      28,608 SF

      617 Isis Ave, Unit 9

      STORE/OFFICE (MIXED USE) • 28,608 SF
      617 Isis Ave, Inglewood, CA 90301-2910
      View Details
    • Value Estimation
      $1,120,000
      5,600 SF

      110 Market St

      STORE/OFFICE (MIXED USE) • 5,600 SF
      110 Market St, Inglewood, CA 90301-1710
      View Details
    • Value Estimation
      $710,000
      5,366 SF

      664 Regent St

      STORE/OFFICE (MIXED USE) • 5,366 SF
      664 Regent St, Inglewood, CA 90301-1415
      View Details
    • Value Estimation
      $545,000
      4,000 SF

      229 Spruce Ave

      STORE/OFFICE (MIXED USE) • 4,000 SF
      229 Spruce Ave, Inglewood, CA 90301-2708
      View Details
    • Value Estimation
      $5,995,000
      6,448 SF

      605 Manchester Blvd

      STORE/OFFICE (MIXED USE) • 6,448 SF
      605 Manchester Blvd, Inglewood, CA 90301-1629
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      52,826 SF

      Inglewood Mixed-Use Development Opportunity

      Prime Inglewood location, 1.21 acres, TOD zoning.
      513 La Brea Ave, Inglewood, CA 90301
      View Details
    • New
      $2,499,000
      6,128 SF

      Inglewood Mixed-Use Opportunity

      Multi-parcel property in Downtown Inglewood, ready for development.
      101 S Locust St, Inglewood, CA 90301
      View Details
    • Contact for pricing
      3,468 SF

      Inglewood Office Space for Lease

      Affordable Inglewood Office Suites Available
      1237 St, Inglewood, CA 90301
      View Details
    • $1,395,000
      3,750 SF

      Inglewood Executive Office Building

      Prime Inglewood location, fully remodeled.
      241 Market St, Inglewood, CA 90301
      View Details
    • $1,350,000

      Inglewood Redevelopment Opportunity

      12-Unit Apartment Project, Ready to Build
      521 Flower St, Inglewood, CA 90301
      View Details
    • $3,249,999

      Inglewood Investment Opportunity Near Stadium

      Prime location near SoFi Stadium, Intuit Dome, and Hollywood Park.
      400 La Brea Ave S La Brea, Inglewood, CA 90301
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      50,225 SF

      Inglewood Retail Space For Lease

      Prime Inglewood location, multiple units available.
      0 Sec Florence Ave & Ln Brea Ave, Inglewood, CA 90301
      View Details
    • Contact for pricing
      215,455 SF

      Inglewood Warehouse: 215,455 SF

      Prime Inglewood industrial space. High-ceiling warehouse with ample parking.
      9020 Aviation Blvd, Inglewood, CA 90301
      View Details
    • $24 SF/Yr
      4,200 SF

      Inglewood Retail Warehouse Space

      Prime Inglewood location, 4,200 sq ft warehouse retail space.
      320 La Brea Ave, Inglewood, CA 90301
      View Details
    • $2 SF/Yr
      27,820 SF

      Office Space on La Cienega

      Entire 7th floor office space available for rent.
      9800 S La Cienega Blvd, Inglewood, CA 90301
      View Details
    • Contact for pricing

      Industrial Property Fully Leased

      Industrial property in Inglewood, CA, currently 100% leased.
      8915 S La Cienega Blvd, Inglewood, CA 90301
      View Details
    • $2.00 SF/Yr
      5,000 SF

      Inglewood Industrial Space Available

      Industrial space with M1 zoning and truck loading doors.
      555 Isis Ave, Inglewood, CA 90301
      View Details
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    241 La Brea Ave
    Inglewood, CA 90301
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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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