|Price/Rent PSF||$ 2,375,000.00|
|SQ. FT. Available||9,790|
LA’s most sought after investment area. Downtown Ingelwood at the Civic Center. Blocks from the Metro and the Redevelopment Area. Minutes from the Forum, the new Arena and LAX. Close to the 405, 10, 105 & 110 Freeways.
Inglewood, CA, also known as the City of Champions is one of Los Angeles county' s most historically significant cities. Since its incorporation in 1905, Inglewood has been a global business, transportation, and sports hub for all of LA county. Conveniently located near all major LA freeways, LAX, and now the Metro, transportation is never an issue in this centralized city. The City of Champions received its nickname due to its long history of champion sports teams to play in Inglewood. From the Lakers, to the Rams, and now the newest introduction of the Chargers, we can expect to see the Champion mentality rejuvenate this city' s winning climate.
The Historic Downtown is the heart of Downtown Inglewood. It is pedestrian-oriented and human-scaled. Under the plan, the Historic Downtown land use district will function as a regional destination and gathering space for all in the City of Inglewood that links residents with the community’s past, present and future. The district will include public space, restaurants, entertainment, residential uses and limited hotel and office uses.
The revitalization of Downtown Inglewood is but one of the major initiatives in the City of Inglewood currently. The Forum has been reopened as one of the preeminent music venues in Southern California. Hollywood Park will be redeveloped with a massive mixed-use development that includes a 70,000-seat NFL stadium.
Coldwell Banker Commercial is proud to exclusively offer this prime City of Inglewood Historic Core Value Add Redevelopment site. The potential Investor or Owner User will enjoy the benefits of the dramatically increased rent potential. The New Downtown Inglewood is creating a pedestrian friendly, mixed-use Historic Downtown comprised of new centers in the immediate station area. Creating a re-energized Historic Core. The Historic Core provides for a mix of uses, including ground-floor retail, restaurants, services, offices and residential uses. The Historic Downtown will be in a pattern and size consistent with the existing historic urban fabric. This property is blocks from The Forum. Less than 2 miles from the new Hollywood Forever Park.
Currently all units are rented substantially below market rents. Tenants have been here for many years. Great upside in rents or ideal for an Owner/User. Owner can use Office upstairs or retail downstairs making this ideal for a SBA Financing. This sale is for 2 separate parcels.
The City's reputation and its accessibility to major freeways and Los Angeles International Airport made it an attractive business investment and an ideal business location.