4427 W Century Boulevard

    Inglewood, CA 90304
    • $1,900,000
    • STATUS: Active
    • ON SITE: 234 days
    • ID#: SB18092466
    UPDATED: 37 min ago
    $1,900,000
    • 0
      BEDS
    • 0.24
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,484
      SQFT
    • $346
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1947
    County:

    School Ratings & Info

    Description

    City of Champions Revitalization - RAM - Charger Territory in Inglewood, CA - Single tenant investment in the heart of Inglewood located on the main street leading to the revitalization project from the 405 freeway. Sale includes 4427 - 73 Century Blvd. (APN's - 4024-032-012, 013 and 014) three parcels with approx. 300 feet of frontage located on a signalized corner of the busiest street leading directly to the new approved Stadium and the massive Inglewood entertainment, office, retail and residential development as well as the Space X projects in Hawthorne. A Long term lease is in place to support the $90,516 annual triple net income with 2% annual cost of living adjustments (at this location for 12 years - 3 yrs remaining - plus two 5 year options) . The property consist of the three parcels with a private gated parking area, a secondary 374 sf bldg with a 1/2 bath and the primary office-showroom-auto repair bldg. with ADA 1/2 bath and access. Single purpose use on one of the busiest streets in LA, close to 405 fwy, LAX, RAMS development, New Hawthorne Mall as well as direct access to the beach communities....solid business security for an established business - Offered at an approximate 5% cap rate with increasing returns starting the first year and every year there after.(Business is for sale - see MLS True triple net lease with tenant paying taxes, insurance and general maintenance. Landlord paying for gas to go the bank....

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-12-12T17:30:23.68. 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. Licensed in the State of California, USA.
    www.sonyathebroker.com/homes/82831094

    4427 W Century Boulevard Inglewood, CA 90304

    • Price: $1,900,000
    • Status: Active
    • Updated: 37 min ago
    • ID#: SB18092466
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.24
    Acres
    5,484
    SQFT
    $346
    $/SQFT
    1947
    Built
    Neighborhood:
    102 - South Inglewood
    County:
    Los Angeles
    Area:
    102 - South Inglewood
    Property Description
    City of Champions Revitalization - RAM - Charger Territory in Inglewood, CA - Single tenant investment in the heart of Inglewood located on the main street leading to the revitalization project from the 405 freeway. Sale includes 4427 - 73 Century Blvd. (APN's - 4024-032-012, 013 and 014) three parcels with approx. 300 feet of frontage located on a signalized corner of the busiest street leading directly to the new approved Stadium and the massive Inglewood entertainment, office, retail and residential development as well as the Space X projects in Hawthorne. A Long term lease is in place to support the $90,516 annual triple net income with 2% annual cost of living adjustments (at this location for 12 years - 3 yrs remaining - plus two 5 year options) . The property consist of the three parcels with a private gated parking area, a secondary 374 sf bldg with a 1/2 bath and the primary office-showroom-auto repair bldg. with ADA 1/2 bath and access. Single purpose use on one of the busiest streets in LA, close to 405 fwy, LAX, RAMS development, New Hawthorne Mall as well as direct access to the beach communities....solid business security for an established business - Offered at an approximate 5% cap rate with increasing returns starting the first year and every year there after.(Business is for sale - see MLS True triple net lease with tenant paying taxes, insurance and general maintenance. Landlord paying for gas to go the bank....
    Exterior Features

    Construction Materials BlockFrame Entry Level 1 Fence YN Yes Fencing Fair ConditionWrought Iron Lot Features Level With StreetLot 10000-19999 SqftLot Shape-RectangularLot-Level/FlatNear Public TransitPavedUtilities - OverheadZero Lot Line Lot Size Dimensions 36 X 284 Lot Size Source Assessor Lot Size Units Square Feet Parking Total 8.00 Roof Composition Topography Flat

    Interior Features

    Building Features Phone System Condo Area Units Square Feet Cooling None Cooling YN No Laundry Features None Office Class B Office Square Footage 150

    Property Features

    Accounting Type Proforma Additional Parcels Description 40240320134024032014 Additional Parcels YN Yes Anchors Co Tenants No Asset Class Retail Building Area Units Square Feet Building Status Existing Business Type Auto Repair-SpecialtyAuto Tires Country Us Current Use Comments Single Tenant investment - Auto Electric 220V In Workshop Exclusions All inventory And FF&E Belonging To Business Operation Investment Property YN Yes Land Use Retail Laundry YN No Leasable Area Units Square Feet Lease Considered YN No Lot Dimensions Source Estimated Max Total Area Units Square Feet Min Total Area Units Square Feet Net Operating Income 87000.00 Number Of Units Leased 2 Occupancy Occupied Property Sub Type Retail Retail Center Type Community/Specialty Retail Square Footage 1000 Security Features Smoke DetectorWired For Alarm System Special Listing Conditions Standard Total Building NRA 5484 Utilities Cable ConnectedElectricity ConnectedPhone ConnectedSewer ConnectedWater Connected Water Source Public Year Built Source Assessor Zoning Ingc2

    Listing provided courtesy of Michael Talbot of Re/Max Estate Properties.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-12-12T17:30:23.68. 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. Licensed in the State of California, USA.
     
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