945-949 S La Brea Ave
Inglewood, CA 90301
Opportunity Zone · Retail Property For Sale

Floyd Shaheen of Marcus & Millichap is pleased to present exclusively for sale, 945-949 South La Brea Avenue, a multi-tenant building that contains one retail storefront and tire shop. The 7,084 SF building is situated near the signalized corner of East Arbor Vitae Street and South La Brea Avenue with easy access to the 405 and 105 freeways. Just 5 blocks away from the new 2.6 Billion Dollar Los Angeles Football Stadium that will be the home of the Rams and Chargers. 945-949 South La Brea Avenue presents the perfect opportunity for an investor or owner/user to capitalize on an offering poised for historic appreciation, in an area undergoing rapid growth and redevelopment. 945-949 South La Brea Avenue rests on a 11,316 SF lot (0.26 Acres), and is an ideal opportunity for an owner user or investor. The two-parcel property is currently fully occupied, but the tire shop will be delivered vacant and the retail storefront is on a month-to-month basis. An owner may occupy the tire shop and generate additional income from the retail unit. SBA Financing is available. 945-949 South La Brea Avenue is also a perfect opportunity for a value-add investor to redevelop the site or significantly raise rents. The property has excellent frontage on a main thoroughfare of South La Brea Avenue and can also be accessed through the alley in the back, where there is ample gated parking. The property includes three repair bays, three hydraulic lifts, one outdoor lift, three bathrooms, indoor skylights, and 12 ft ceilings inside the office / storage area. Major economic drivers like the new Purple Line Metro Extension, The Rams and Chargers NFL Stadium, and the refurbishing of the Hollywood Park Casino are clear signs of future economic growth. The subject property is within minutes of the highly anticipated $4 billion dollar, 3.1 million-square-foot multipurpose venue, including an 80,000-seat stadium. Also planned for the project site is a whole new neighborhood that will hold shops, restaurants, a hotel, parks, an artificial lake, and 2,500 housing units. These projects bring in a great deal of value and growth in the new transforming Inglewood neighborhood.