10500 Prairie AveInglewood, CA 90303

Property Details for 10500 Prairie Ave

Year built

1927

Construction

WOOD

Lot size

0.34 AC

Property size (Sq ft)

4,968 SF

Zone code

INC2YY

Property type

Investment properties

Property subtype

Live-work space

APN

4032-016-032

APU

4032016032

Description

This exceptional commercial property in Inglewood, CA, presents a unique investment opportunity. Encompassing five parcels totaling 42,680 square feet (0.98 acres), this expansive lot is strategically located just three blocks south of the Intuit Dome, home of the Los Angeles Clippers. Its prime position on Prairie Avenue offers unparalleled accessibility, with access points on Prairie Avenue, 105th Street, 106th Street, and an alley. The property's proximity to SoFi Stadium, a world-class venue hosting major events including Super Bowl LVI and future World Cup and Olympic games, further enhances its value. SoFi Stadium's massive capacity (70,000, expandable to 100,000) and state-of-the-art amenities attract millions of visitors annually. South Prairie Avenue provides direct access to the Century (105) Freeway, ensuring convenient access for visitors. This location is poised for significant growth, making it ideal for a variety of commercial developments, including retail, hospitality, or mixed-use projects. The listed price of $13,000,000 includes the land value. The property includes parcels 4032-016-004, 005, 006, and 007. This is a rare chance to secure a substantial presence in one of Los Angeles' most dynamic and rapidly developing areas. The building size is 4,517 square feet.

• CAP approach

  CAP return

  Valuation

  6%

  $1,457,730

  6.5%

  $1,345,600

  7%

  $1,249,490

• Comparable approach

  Method

  Valuation

  Relative Method

  $963,609

  Geo Method

  $963,609

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $2,663,270

  Retail / Commercial

  $1,357,170

  Hospitality / Lodging

  $978,459

  Office

  $1,330,590

  Institutional / Educational

  $1,396,480

  Residential Income

  $1,633,880

  Multifamily

  $1,996,900

  Automotive / Energy

  $1,196,980

  Parking / Income-Based Land

  $419,714

  Restaurant / Food Service

  $685,490

  Healthcare / Senior Housing

  $1,386,790

Location Insight

City

Inglewood

County

Los Angeles

State

California

Latitude

33.9406

Longitude

-118.344

CBSA code

31080

CBSA name

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

Property Tax & Assessments

FAQs

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