10500 Prairie AveInglewood, CA 90303

  • Mixed-use properties
  • 4,968 SF
For Sale
$13,000,000 View listing

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
10500 Prairie Ave, Inglewood, California

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$10,559
$430,064
$29,450
$459,514
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