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301 N Prairie Ave
Inglewood, CA 90301
Freeman Professional Building · Office Property For Sale
Investment Highlights
- Flexible Owner-User / Corporate User Opportunity
- Bonus Depreciation Advantage
Executive Summary
301 N. Prairie is a great opportunity for a partial owner-user to acquire one of the highest image buildings in Inglewood.
The six-story building is 84,957 square feet on Prairie Avenue and is within a walking distance along Prairie to The Forum, SoFi Stadium and the surrounding developments which have seen close to more than $10 billion of investments in the last decade.
At ±54% occupied and with relocation clauses in the existing leases, an owner-user would have the ability to relocate tenants to other spaces in the building creating large blocks of contiguous space for themselves.
Given the new tax legislation passed July 2025, new ownership would have the opportunity to accelerate the depreciation deduction in the first year of ownership, which would provide significant upfront tax savings and improve cash flow.
The six-story building is 84,957 square feet on Prairie Avenue and is within a walking distance along Prairie to The Forum, SoFi Stadium and the surrounding developments which have seen close to more than $10 billion of investments in the last decade.
At ±54% occupied and with relocation clauses in the existing leases, an owner-user would have the ability to relocate tenants to other spaces in the building creating large blocks of contiguous space for themselves.
Given the new tax legislation passed July 2025, new ownership would have the opportunity to accelerate the depreciation deduction in the first year of ownership, which would provide significant upfront tax savings and improve cash flow.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Medical
Building Size
84,975 SF
Building Class
B
Year Built
1978
Price
$14,500,000
Price Per SF
$170.64
Percent Leased
8%
Tenancy
Multiple
Building Height
6 Stories
Typical Floor Size
14,163 SF
Slab To Slab
11’
Building FAR
3.20
Lot Size
0.61 AC
Zoning
R-M, Inglewood - Residential Medical
Parking
183 Spaces (2.15 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
- Signage
- Central Heating
- Air Conditioning
Property Taxes
| Parcel Number | 4015-024-021 | Improvements Assessment | $7,800,980 |
| Land Assessment | $938,757 | Total Assessment | $8,739,737 |
Property Taxes
Parcel Number
4015-024-021
Land Assessment
$938,757
Improvements Assessment
$7,800,980
Total Assessment
$8,739,737
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