8515 La Cienega BlvdInglewood, CA 90301

Property Details for 8515 La Cienega Blvd

Year built

1958

Construction

TILT-UP CONCRETE

Lot size

0.51 AC

Property size (Sq ft)

12,400 SF

Zone code

INM1*

Property type

Industrial properties

Property subtype

Manufacturing properties

APN

4127-027-018

APU

4127027018

Description

This Inglewood, CA warehouse presents a compelling investment opportunity. The 12,400-square-foot building sits on a 22,240-square-foot lot, zoned MU-2A. Currently leased to State Van Rental under a triple-net (NNN) lease with 3.5 years remaining, the lease commands $14,688 per month, including a 2.5% annual increase. The current lease rate is $1.15 per square foot, while market rent is $1.75 per square foot, yielding a 6.1% market capitalization rate. Built in 1958, this property offers 24 parking spaces and boasts a highly accessible location, conveniently situated off the 405 freeway and just south of Manchester Boulevard, providing easy access to LAX. The asking price is $4,250,000, representing a 4.15% cap rate and a pro-forma cap rate of 6.21%. This property is ideal for investors seeking strong cash flow and potential for future appreciation in a prime Inglewood location. The property address is 8515 La Cienega Blvd, Inglewood, CA 90301.

• Alternative Use

  Use

  Valuation

  Residential

  $3,279,058

  Hospitality

  $3,003,600

  Educational

  $2,498,960

  Medical

  $2,584,903

  Retail

  $3,887,271

Location Insight

City

Inglewood

County

Los Angeles

State

California

Latitude

33.9602

Longitude

-118.37

CBSA code

31080

CBSA name

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

Property Tax & Assessments

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