415 Grace Ave Inglewood, CA 90301
- Commercial real estate
Current Use by Public Records
- Commercial real estate
Property Details for 415 Grace Ave
- Property type
- Commercial real estate
- APN
- 4015-021-017
Description
This exceptional opportunity presents a fully permitted, ready-to-issue (RTI) eight-unit townhome development in Inglewood, California. Situated on a substantial 12,290 square foot lot (APN 4015-021-017), this project offers a mix of unit types. Two units, designated as Unit B, each boast three bedrooms, four bathrooms, and 1,690 square feet of living space, complemented by a private two-car garage (371 sq ft) and a spacious 251 sq ft rooftop deck. Six units, designated as Unit A and Unit AR (Unit A Reversed), mirror this layout, offering three bedrooms, four bathrooms, and 1,514 square feet of living space, with identical garage and rooftop deck features. All units include laundry closets and a bonus/utility room with a full bathroom on the ground floor. The total rentable square footage is 12,288 square feet. The property is zoned INP1YY and enjoys a prime location in Inglewood's Downtown Transit-Oriented Development (TOD) area, boasting a Walk Score of 85 ("Very Walkable"). Its proximity to the Inglewood Courthouse, City Hall, hospitals, grocery stores, and retail establishments enhances its appeal. The development benefits from convenient access to public transportation and major thoroughfares, making it an attractive proposition for potential residents. This is a rare opportunity to acquire a fully permitted multi-family development in a thriving urban location. The asking price is $2,100,000.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Inglewood
- County
- Los Angeles
- State
- California
- Longitude
- -118.34972009775
- Latitude
- 33.967123008318
