4700 Imperial Hwy Inglewood, CA 90304-2608
- Investment properties
- 4,558 SF
- 0.16 lot acres
Aug 26, 2021
Current Use by Public Records
- JACK'S LIQUOR MARKET / (Bike/Boat/Book/etc) Store / Bar & Pub
Property Details for 4700 Imperial Hwy
- Year built
- 1969
- Construction
- WOOD
- Lot size
- 0.16 lot acres
- Property size
- 4,558 SF
- Zone code
- HA C2
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- 4044-003-001
- APU
- 4044003001
Description
This exceptional mixed-use property in Inglewood, California presents a unique investment opportunity. Located at 4700 W Imperial Hwy, 90304, this offering combines a thriving liquor store business with a substantial residential component. The total square footage encompasses 4,558 square feet, strategically divided to maximize income streams. The retail space, ideal for continued liquor store operations, offers significant potential for growth within a busy commercial area. The attached residential unit, boasting 1,758 square feet, features two bedrooms and one bathroom, providing additional rental income or owner-occupancy flexibility. Further enhancing the investment potential is the inclusion of a parking lot, generating supplemental revenue through rental agreements. The property is offered at $2,950,000, representing a price per square foot of $647.21. The current net operating income (NOI) stands at $20,000, yielding a 0.68% capitalization rate. This presents a compelling opportunity for both seasoned investors and owner-operators seeking a diversified income stream in a prime Los Angeles County location. The property's strong existing business, combined with the residential and parking income, offers a robust and resilient investment profile. This is a rare chance to acquire a turnkey operation with significant upside potential.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,720,000
- ML approach
- $1,745,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,310,000
- 6.5%
- $1,210,000
- 7%
- $1,125,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,722,000
- AI Estimate
- $1,175,000
Market price range: $668k - $1.72MMarket price range: $442k - $1.18M -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $1,260,000 Current use
- NEIGHBORHOOD: SHOPPING CENTER
- $2,775,000 Change: +120% Conversion: Difficult
- MEDICAL BUILDING
- $2,070,000 Change: +64% Conversion: Easy
- RETAIL STORES
- $1,620,000 Change: +28% Conversion: Easy
- OFFICE BUILDING
- $1,530,000 Change: +21% Conversion: Easy
- WAREHOUSE, STORAGE
- $1,340,000 Change: +6% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Inglewood
- County
- Los Angeles
- State
- California
- Longitude
- -118.359
- Latitude
- 33.9307
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA