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128 -130 S Market Street

Inglewood, CA 90301
  • $1,750,000
  • STATUS: Active
  • ON SITE: 328 Days
  • ID#: PV21135678
UPDATED: 45 min ago
$1,750,000
  • 0
    BEDS
  • 0.11
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1923
County:

School Ratings & Info

Listing Agent(s): Rodman Amiri of Merit Real Estate (310-379-4444)


Description

Trophy location in Historic Downtown Inglewood! Arguably one of the best retail locations in the booming "City of Champions," Inglewood! This mixed office and retail building is located in the center of Historic Downtown Inglewood, right on Market St. This location has so much potential, as the city and neighborhood prioritize this area for redevelopment and revitalization. As Inglewood continues to grow further as the home of multiple professional sports franchises, the Historic Downtown District continues to grow further into a place of gathering, shopping, hotels, and shared community spaces. 128-130 S Market Street offers approximately 25' of frontage on Market Street, with ~4450 square feet of mixed office and retail spaces, including thriving and versatile businesses, such as retail apparel, health services, skin care, music production, and many other office and creative uses. The building features a rooftop patio, which can serve as an excellent event space, or community gathering space, along with 5 designated parking spaces in the back, plus ample street parking all throughout downtown, and additionally, a public parking structure with affordable parking rates is located just to the rear of this property. This is a once in a lifetime opportunity to purchase an asset in a location with an upward trajectory, fully-occupied with great tenants at below-market rents, along with the future potential and flexibility of being located in an area slated for huge growth.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-05-17T13:31:31.72. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Cochren Realty Team | Just Listed So Cal. Licensed in the State of California, USA.
www.cochrenrealty.com/homes/118601144
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128 -130 S Market Street Inglewood, CA 90301

  • Price: $1,750,000
  • Status: Active
  • On Site: 328 Days
  • Updated: 45 min ago
  • ID#: PV21135678
0
Beds
0
Baths
0
½ Baths
0.11
Acres
1923
Built
Neighborhood:
101 - North Inglewood
County:
Los Angeles
Area:
101 - North Inglewood
Property Description
Trophy location in Historic Downtown Inglewood! Arguably one of the best retail locations in the booming "City of Champions," Inglewood! This mixed office and retail building is located in the center of Historic Downtown Inglewood, right on Market St. This location has so much potential, as the city and neighborhood prioritize this area for redevelopment and revitalization. As Inglewood continues to grow further as the home of multiple professional sports franchises, the Historic Downtown District continues to grow further into a place of gathering, shopping, hotels, and shared community spaces. 128-130 S Market Street offers approximately 25' of frontage on Market Street, with ~4450 square feet of mixed office and retail spaces, including thriving and versatile businesses, such as retail apparel, health services, skin care, music production, and many other office and creative uses. The building features a rooftop patio, which can serve as an excellent event space, or community gathering space, along with 5 designated parking spaces in the back, plus ample street parking all throughout downtown, and additionally, a public parking structure with affordable parking rates is located just to the rear of this property. This is a once in a lifetime opportunity to purchase an asset in a location with an upward trajectory, fully-occupied with great tenants at below-market rents, along with the future potential and flexibility of being located in an area slated for huge growth.
Exterior Features

Fencing Good ConditionWrought Iron Lot Features Near Public Transit Open Parking Spaces 5 Parking Total 5 Sign On Property YN Yes

Interior Features

Cooling Central Air Cooling YN Yes Heating Central Heating YN Yes

Property Features

Additional Parcels YN No Anchors Co Tenants 8 Common Interest None Electric Expense 0 Gross Scheduled Income 72000 Insurance Expense 4644 Land Lease YN No Laundry Features None Listing Agreement Exclusive Right To Sell Listing Service Full Service Maintenance Expense 0 Net Operating Income 52774.82 Number Of Units Leased 8 Operating Expense 30025.18 Other Expense 1948.92 Property Sub Type Retail Security Features PrewiredSecurity SystemClosed Circuit Camera(S)Fire Detection SystemSmoke Detector(S) Special Listing Conditions Standard Supplies Expense 0 Tax Annual Amount 24500 Tax Year 2021 Trash Expense 0 Utilities Cable AvailableElectricity ConnectedNatural Gas ConnectedPhone AvailableSewer ConnectedWater Connected Vacancy Allowance 0 Vacancy Allowance Rate 0 Water Sewer Expense 2301.6 Water Source Public



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-05-17T13:31:31.72. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Cochren Realty Team | Just Listed So Cal. Licensed in the State of California, USA.
 
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Cochren Realty Team | Just Listed So Cal
25321 Railroad Canyon Rd #504
Lake Elsinore CA, 92532
Listing Agent(s): Rodman Amiri of Merit Real Estate (310-379-4444)