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$ 10,500,000
Est. payment | /mo
25,490 SqFt
$ 10,500,000
Est. payment | /mo
25,490 SqFt
Key Details
Property Type Commercial
Sub Type Office
Listing Status Active
Purchase Type For Sale
Square Footage 25,490 sqft
Price per Sqft $411
MLS Listing ID 25625497
Year Built 1956
Lot Size 0.722 Acres
Acres 0.722
Property Sub-Type Office
Property Description
Three-parcel assemblage, Steps from SoFi Stadium, Kia Forum, Intuit Dome, COSM, Digital Billboard Opp, Corner Exposure, Immediate Income from Parking. NGLEWOOD COMMERCIAL ASSET | 1031 EXCHANGE OPPORTUNITYPrime Inglewood Investment | Commercial Asset | 1031 Exchange OpportunityOWNER USER/INVESTMENT OPPORTUNITYAddresses - 3 APNs101 S. Prairie Avenue, Inglewood, CA 90301 - 13,494 SF, Lot: 21,845 SF105 S. Prairie Avenue, Inglewood, CA 90301 - 7200 SF, Lot: 7288 SF661 Manchester Terrace, Inglewood, CA 90301 - 4,796 SF, Lot: 4,802Zoning: Commercial / Development-FriendlyProperty Type: Commercial (formerly designed for medical use)Exceptional Location in the Heart of Inglewood's Entertainment Core: A truly rare opportunity encompassing three contiguous parcels, each with its own APN, positioned within one of Southern California's fastest growing and most dynamicentertainment districts. Located steps from SoFi Stadium, The Kia Forum, Intuit Dome, and COSM, this site sits at theepicenter of Inglewood's extraordinary transformationan area now recognized as thelargest entertainment district in Southern California and a future global media hub for the2028 Olympic and Paralympic Games. Olympic Momentum & Global Spotlight: Inglewood will serve as a Major stage for the Los Angeles 2028 Olympic Games, with events hosted at SoFi Stadium and the new Hollywood Park Studios, which has been confirmed as the International Broadcast Center (IBC) for worldwide Olympic coverage. This once-in-a-generation influx of global attention and investment is fueling unprecedented infrastructure expansion and long-term appreciation potential. TheProperty's proximity to these venues, just under one mile from SoFi, places it at the verycenter of this economic renaissance.1031 Exchange Highlights:* Ideal for 1031 Buyers: Clean, shovel-ready commercial asset with permits and entitlements already underway, minimizing uncertainty and timelines.* Prime Location: Located in the booming Prairie Avenue corridor, steps from SoFi Stadium, The Forum, and the Intuit Dome.* Immediate Income Potential: 67 on-site parking spaces producing approximately $75 per space, 3 days per week, representing $48,000 to $60,000 per month in stadium-event-driven passive income.* Digital Billboard Opportunity: High-visibility frontage offers excellent exposure for digital signage, adding a potential future media-income stream.* Flexible Exit Strategy: Investors can hold for cash flow, complete the permitted build-out, or reposition the property to align with Inglewood's continued growth trajectory. Project Progress & Entitlements:This property has already undergone significant pre-development work, making it ideal for investors on a fast timeline. A Strategic Investment in Southern California's Entertainment Capital: Inglewood's ongoing renaissance, anchored by SoFi Stadium, Intuit Dome, The Forum, COSM, and the upcoming Hollywood Park Studios, aiming to be ready by 2028. The plan is for it to serve as the broadcast hub for the Olympics, and later it will become a full-fledged production studio. This will attract national attention and world-class investment. With immediate cash flow, strong entitlement progress, and major global events on the horizon, this is a timely, high-visibility commercial opportunity positioned for both near-term income and long-term appreciation.
Location
State CA
County Los Angeles
Area North Inglewood
Zoning INRM*
Interior
Heating Natural Gas, Electric
Laundry None
Exterior
Garage Spaces 67.0
Roof Type Composition
Building
Story 1
Water District
Structure Type Wood Siding, Stucco
Others
Special Listing Condition Standard
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Listed by Equity Los Angeles
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