10903 Inglewood AveLennox, CA 90304

Property Details for 10903 Inglewood Ave

Year built

1995

Construction

TILT-UP CONCRETE

Lot size

0.43 AC

Property size (Sq ft)

7,800 SF

Zone code

LCC2*

Property type

Retail properties

Property subtype

Turn key restaurants

APN

4039-030-025

APU

4039030025

Description

This exceptional 7,800 square foot retail property, situated on a 0.43-acre lot at 10903 Inglewood Avenue in Inglewood, CA, presents a lucrative investment opportunity. The property currently houses a thriving Mexican seafood restaurant boasting ample indoor seating, a dedicated banquet room perfect for private events, and a sizable outdoor patio. The restaurant holds licenses for the sale and service of liquor, wine, and beer, enhancing its entertainment capabilities. A significant advantage is the substantial parking lot, ensuring convenient customer access. Beyond the established restaurant business, this property offers considerable development potential, allowing for expansion or repurposing to suit a variety of commercial ventures. Further adding to the property's income stream is a cell tower located on the site, generating consistent monthly revenue. The property's proximity to SoFi Stadium positions it within a high-traffic, high-visibility area, promising strong foot traffic and significant growth potential. This is a rare chance to acquire a well-established business with substantial real estate value and additional income streams in a prime Inglewood location. The combination of existing income, development potential, and strategic location makes this an exceptional investment opportunity. The asking price is $6,200,000.

• CAP approach

  CAP return

  Valuation

  6%

  $2,648,987

  6.5%

  $2,445,219

  7%

  $2,270,560

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,737,785

  Geo Method

  $3,737,785

• Alternative Use

  Use

  Valuation

  Residential

  $2,062,634

  Hospitality

  $1,889,361

  Educational

  $1,571,926

  Medical

  $1,625,987

  Retail

  $2,445,219

Location Insight

City

Inglewood

County

Los Angeles

State

California

Latitude

33.9371

Longitude

-118.362

CBSA code

31080

CBSA name

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

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].