$7,499,000 Price Analysis   ♡   Inglewood, CA 90301 0 bed None bath 14,936 SqFt ($502/SqFt) 0.57 acre lot. Built 1951 Listed 2024-06-14 | Ⓧ USDA Ineligible due to price & location near Inglewood |
15K sq.
Ft. of PRIME industrial space on over 1/2 an acre. One of the most sought-after locations in Greater LA, for industrial tenants, particularly logistics, auto body and supporting services for the aircraft and rental car industries, situated perfectly between the 405 Fwy. and LAX. More importantly, a block from the NEW, future entrance to LAX, aka the $6B Intermodal Transportation Facility - a 1.7 MM sq. ft. hub of parking, rental cars, concessions and access to-and-from LAX's 9 aircraft terminals. Once fully operational, travelers will enter and exit LAX through this facility - riding a tram along Century Blvd., to-and-from the terminal buildings. The subject property is at the 4-way corner of Hindry Ave. and Hillcrest Ave. Two buildings comprising a total of 14, 936 sq. ft. on a 24, 612 sq. ft. footprint - 100% occupied and split between an Auto Body tenant and Dog Boarding tenant - currently netting $311, 736 NNN.519 S.
Hindry aka 5 Star Doggie Inn (7, 762 sq. ft.): a build-out of warehouse, boarding and office with a secured, rear yard and ample parking in front. Currently paying $12, 000 per month. Market rent estimated at $14, 500 per month.523 S. Hindry aka Auto Body Pros (7, 174 sq. ft.): a large warehouse-type structure, with a newer roof, housing an auto repair and body shop. And 2 PERMITTED SPRAY BOOTHS ALSO - RARE AND HARD TO ESTABLISH, IF YOU WERE A CONTEMPORARY TENANT IN LA. This amenity has significant inherent value. Currently paying $13, 978 per month. Market rent estimated at $17, 250 per month. IMMEDIATE RENT UPSIDE. BOTH TENANTS AT MARKET WITHIN THE YEAR!!!5 Star Doggie Inn is currently MONTH-TO-MONTH - a new Buyer can adjust that lease, as he sees fit, after close of escrow. Auto Body Pros has a lease that jumps to FMV in May 2025.Current NNN income $311, 736 per year. Market NNN income 'next year' could be $381, 000!One of the most desirable locations in the country. High functionality and obvious logistical strengths that cannot be replicated in other buildings, in other Greter LA submarkets. EXCLUSIVELY LISTED AT $7, 499, 000
Presented by Brice Head at
CBRE, Inc.
Property MLS #24-403943 from TheMLSCLAW
Lot Size Square Feet: 24612
Calculated Total Monthly Association Fees: 0
Number of Units: 2
Unit Features: 1 SquareFeet: 25978
County: Los Angeles
Directions: Hillcrest Blvd & Hindry Ave
Source Property Type: Residential Income
Area: North Inglewood
Source Neighborhood: North Inglewood
Parcel Number: 4126-006-009
Postal Code Plus 4: 2017
Zoning: INM1
Source System Name: C2C
$7,499,000
TheMLSCLAW
Year Built: 1951
Levels: One Level
Property Age: 73
Year Built Source: Vendor Enhanced
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.