600 La Brea AveInglewood, CA 90302
- Retail properties
- 11,200 SF
Property Details for 600 La Brea Ave
- Year built
- 1949
- Construction
- TILT-UP CONCRETE
- Lot size
- 0.49 AC
- Property size (Sq ft)
- 11,200 SF
- Zone code
- INC3YY
- Property type
- Retail properties
- Property subtype
- Other retail properties
- APN
- 4016-018-029
- APU
- 4016018029
Description
This exceptional Inglewood property at 600 N La Brea Ave offers a unique investment opportunity. The 11,200 square foot, two-story building sits on a substantial 21,344 square foot lot, zoned MU-C within the Inglewood Downtown TOD area. Currently vacant, the property boasts ready-to-issue (RTI) plans for a versatile recording, screening, production, office, and social gathering space, making it ideal for immediate development. Alternatively, the generous lot size and zoning allow for the potential creation of a mixed-use or multifamily development. The building features 22-foot ceilings and is priced at $2,700,000, or $267 per square foot. The land value alone is $140 per square foot. Located in a highly walkable area (Walk Score of 88), the property is within walking distance of the Inglewood Courthouse, City Hall, and various retail amenities. Its proximity to the future Metro K Line Northern Extension further enhances its accessibility and appeal. The property offers approximately 100 feet of frontage on La Brea Avenue and a depth of approximately 213 feet, providing desirable dimensions for maximizing development potential.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $4,404,834
- 6.5%
- $4,066,000
- 7%
- $3,775,572
-
Comparable approach
- Method
- Valuation
- Relative Method
- $5,367,076
- Geo Method
- $5,367,076
-
Alternative Use
- Use
- Valuation
- Residential
- $3,429,823
- Hospitality
- $3,141,700
- Educational
- $2,613,857
- Medical
- $2,703,752
- Retail
- $4,066,000
Location Insight
- City
- Inglewood
- County
- Los Angeles
- State
- California
- Latitude
- 33.9703
- Longitude
- -118.356
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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