429 Arbor Vitae StInglewood, CA 90301

Property Details for 429 Arbor Vitae St

Year built

1952

Construction

WOOD

Lot size

0.06 AC

Property size (Sq ft)

888 SF

Zone code

INC2YY

Property type

Office properties

Property subtype

Office buildings

APN

4022-015-006

APU

4022015006

Description

This 888-square-foot restaurant in Inglewood, CA (90301), located at 429 W Arbor Vitae St (cross street: Inglewood Ave), is a turnkey operation ready for immediate occupancy. Built in 1952 and renovated in 2024, this single-tenant property sits on a 0.06-acre lot and features 888 square feet of interior space and an additional 888 square feet of outdoor seating. The property is classified as Class C and zoned INC2YY (APN: 4022-015-006). All furniture, fixtures, and equipment (FF&E) are included, with a key money amount of $350,000. The monthly lease is $5,500 plus NNN. The property benefits from its strategic location, experiencing high foot traffic and easy access to major highways and public transportation. Inglewood's growth, fueled by projects like the Crenshaw/LAX Transit Project, SoFi Stadium, and Intuit Dome, contributes to increased property values and demand. This established business offers immediate revenue potential and the opportunity to expand services or offerings. The single-story building has no elevators.

• CAP approach

  CAP return

  Valuation

  6%

  $205,154

  6.5%

  $189,373

  7%

  $175,847

• Comparable approach

  Method

  Valuation

  Relative Method

  $168,862

  Geo Method

  $168,862

• Alternative Use

  Use

  Valuation

  Residential

  $234,823

  Hospitality

  $215,096

  Educational

  $178,958

  Medical

  $185,112

  Retail

  $278,379

Location Insight

City

Inglewood

County

Los Angeles

State

California

Latitude

33.9529

Longitude

-118.363

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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