701-707 S La Brea Ave
Inglewood, CA 90301
Retail Property For Sale
Property Facts
Amenities
- Bus Line
- Restaurant
- Signage
About 701-707 S LA BREA AVE , INGLEWOOD, CA 90301
Lyon | Stahl is pleased to present 701-707 S La Brea Ave, a 2-unit retail building situated on a 5,061 island lot in the heart of Inglewood. The first tenant is a liquor store with a full liquor and beer license responsible for paying 2/3 of the property taxes; the second tenant is a Mexican restaurant on a five year lease starting in February 2020. This property is located just blocks from the Sofi Stadium and Hollywood Park Entertainment District (set to debut in 2020) and in close proximity to the site of the multi-billion dollar development for the future Clippers Stadium. Currently stabilizing at a 4.95% CAP, this asset offers little management responsibility, strong cash flow, and tremendous growth potential due to its strategic location in the rapidly appreciating City of Inglewood.
Property Taxes
| Parcel Number | 4021-033-004 | Improvements Assessment | $208,080 |
| Land Assessment | $1,144,440 | Total Assessment | $1,352,520 |
Property Taxes
