901 S La Brea Ave
Inglewood, CA 90301
Retail Property For Sale

Inglewood, CA is one of the hottest submarkets in the country, with a new $4.9 billion Los Angeles Football Stadium scheduled to open in Summer 2020, plus 3,000 new residential units, 620,000 sqaure feet of retail, a 300-room luxury hotel, an artificial lake, and a revamped Casino. 901 South La Brea Avenue is conveniently located on the southwest signalized corner of South La Brea Avenue and East Arbor Vitae Street, just North of South Prairie Avenue. The subject property is ideally located half a mile (five blocks) from the new massive $4.9 billion-dollar Los Angeles Football Stadium (opening in the summer of 2020), The Forum and Hollywood Park Casino. In addition, the new stadium will be joined by a huge mixed-use development that will house more than 3,000 new residential units, 620,000 square feet of retail space, a social hub, 300 room luxury hotels, an artificial lake, and a revamped casino. The 238-acre project where the old Hollywood Park racetrack once stood is a sign of the rapidly growing “hot market” of Inglewood, which is experiencing a regentrification and significant growth projections as a result of billions of dollars of capital being poured into this submarket. The immediate area benefits from a dense immediate population, with over 300,000 people within three miles of the subject property and over 800,000 people within five miles. With an average household income of approximately 73,000, the entire area is expected to benefit and proposed from the new development. Home prices in Inglewood have more than doubled over the last 6 years, and with the new developments in place, the median home price has jumped 37.3 percent in the last two years. The arrival of the new Crenshaw/LAX rail line, which is set to open in 2020, along with the proposed arena for the Los Angeles Clippers and the new development emerging around LAX, could also further inflate home values in the area. 901 S. La Brea Avenue is conveniently located less than 2 miles between the 405 freeway and 105 freeway and is only a 10-minute drive to the Los Angeles International Airport. Major national retailers surrounding the subject property consist of tenants such as Target, Costco, CVS, Dollar Tree, 7/11, Wells Fargo, Michaels, Starbucks, In-N-Out, Autozone, Home Depot and many more.