320 La Brea AveInglewood, CA 90301

Property Details for 320 La Brea Ave

Year built

1948

Construction

TILT-UP CONCRETE

Lot size

0.17 AC

Property size (Sq ft)

4,200 SF

Zone code

INC1*

Property type

Retail properties

Property subtype

Retail space

APN

4021-015-011

APU

4021015011

Description

This exceptional 4,200 square foot retail space, located at 320 S La Brea Ave in Inglewood, California, presents a unique opportunity for a discerning business. Built in 1948, this single-story building boasts a charming Art Deco design, characteristic of Downtown Inglewood's historic core. The warehouse features high ceilings with exposed beams and brick walls, creating a unique and attractive atmosphere. A custom roll-up door adds to the property's versatility. The space includes a welcoming lobby/reception area, a dedicated private office, a prominent storefront, and ample storage. Thirteen parking spaces are available for customers and employees. The building's prominent location on La Brea Avenue offers excellent visibility and signage opportunities, benefiting from high daily traffic volume of 21,657 cars. Zoned for a variety of uses, including retail, restaurants, services, and offices, this property also presents the potential for a drive-thru operation. This is a rare chance to secure a landmark building in a thriving Inglewood location. The property is situated in Los Angeles County, zip code 90301.

• CAP approach

  CAP return

  Valuation

  6%

  $1,719,859

  6.5%

  $1,587,562

  7%

  $1,474,165

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,012,654

  Geo Method

  $2,012,654

• Alternative Use

  Use

  Valuation

  Residential

  $1,339,168

  Hospitality

  $1,226,671

  Educational

  $1,020,576

  Medical

  $1,055,675

  Retail

  $1,587,562

Location Insight

City

Inglewood

County

Los Angeles

State

California

Latitude

33.9601

Longitude

-118.353

CBSA code

31080

CBSA name

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

Property Tax & Assessments

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