For Sale
$2,500,000

455 Prairie AveInglewood, CA 90301

Prime location, redevelopment potential

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional Inglewood investment opportunity encompasses two contiguous properties totaling 12,145 square feet, presenting a compelling proposition for owner-users, developers, or investors. The offering includes a 2,649-square-foot single-story retail/office building constructed in 1961, currently vacant and zoned INRM, situated on a 6,107-square-foot lot with dedicated parking. This building is ideally suited for a medical practice or other office use. Adjacent to this is a 1,712-square-foot triplex built in 1948, also vacant upon closing, featuring three one-bedroom, one-bathroom units, four garages, and ample parking. This triplex sits on a 6,038-square-foot lot and offers potential for accessory dwelling unit (ADU) construction. The combined properties boast eight parking spaces and are conveniently located just one mile from The Forum and 1.5 miles from SoFi Stadium, benefiting from the economic growth spurred by these venues. The property's location in Inglewood, a thriving city with a strong business environment, further enhances its appeal. Previous planning approvals (expired) existed for a 6,350-square-foot, two-story medical office building on the combined parcels. The total combined square footage of the two properties is 4,361 square feet, with an asking price of $2,500,000 ($573.26 per square foot). The property consists of three buildings across two stories, with four units in total.

Highlights

  • 6,350 SF medical office building development approved in 2018 (permit expired 2019).
  • Owner-user opportunity for medical professional at 455 N Prairie Ave.
  • Owner-user opportunity in triplex with potential rental income offsetting mortgage payments.
  • Value-add opportunity: renovate triplex, potentially add ADUs, and lease existing office space.

Property Details for 455 Prairie Ave

Property type
Retail properties, Office properties
Square Feet
4,361 SF
Buildings
3
Stories
2
Units
4

Location Insight

City
Inglewood
County
Los Angeles
State
California
Latitude
33.970774
Longitude
-118.3441933
455 Prairie Ave, Inglewood, California

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455 Prairie Ave
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