10500 Prairie AveInglewood, CA 90303
- Mixed-use properties
- 4,968 SF
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
- Mixed-use properties
- Property subtype
- Other investment properties
- 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.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $1,271,892
- 6.5%
- $1,174,054
- 7%
- $1,090,193
-
Comparable approach
- Method
- Valuation
- Relative Method
- $944,715
- Geo Method
- $944,715
-
Alternative Use
- Use
- Valuation
- Residential
- $1,455,826
- Hospitality
- $1,333,529
- Educational
- $1,109,481
- Medical
- $1,147,638
- Retail
- $1,725,859
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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