10404 Prairie AveInglewood, CA 90303

Property Details for 10404 Prairie Ave

Year built

1926

Lot size

0.15 AC

Property size (Sq ft)

6,650 SF

Zone code

INC2

Property type

Retail properties

Property subtype

Parking lots & garages

APN

4032-009-002

APU

4032009002

Description

This exceptional 5,880 square foot mixed-use property, located at 10404 Prairie Avenue in Inglewood, CA, presents a unique investment and development opportunity. Situated on a 0.15-acre lot (APN: 4032-009-001), this property offers significant potential for a variety of uses. The INC2YY zoning allows for versatile development, including mixed-use projects, hospitality ventures, or parking facilities. However, potential buyers are advised to independently verify all permitted uses with the City of Inglewood. The property's strategic location, just half a block from the new Intuit Dome and two blocks from SoFi Stadium, places it at the heart of Inglewood's revitalization. This area is experiencing unprecedented growth, fueled by major events such as the upcoming FIFA World Cup, Olympics, and future Super Bowl games. The total buildable area is 14,680 square feet, providing ample space for a substantial development. This presents a rare chance to capitalize on Inglewood's transformation and become part of this dynamic urban renaissance. The asking price for this exceptional property is $5,499,999. Don't miss this opportunity to invest in one of Southern California's most exciting and rapidly growing markets.

• CAP approach

  CAP return

  Valuation

  6%

  $2,504,386

  6.5%

  $2,311,741

  7%

  $2,146,616

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,186,701

  Geo Method

  $3,186,701

• Alternative Use

  Use

  Valuation

  Residential

  $1,950,040

  Hospitality

  $1,786,226

  Educational

  $1,486,119

  Medical

  $1,537,229

  Retail

  $2,311,741

Location Insight

City

Inglewood

County

Los Angeles

State

California

Latitude

33.9415

Longitude

-118.344

CBSA code

31080

CBSA name

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

Property Tax & Assessments

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