Investment Overview

Marcus & Millichap has been selected to exclusively represent the sale of 701-703 S Prairie Avenue in Inglewood, California. The Subject Property is a +/- 11,558 SF piece of land zoned C-2-Medical Overlay and sits directly across the street from Hollywood Park, the largest development of sports facilities, entertainment facilities, office, residential, and retail in the United States today. The Subject Property sits on the SWC of S Prairie Avenue and E La Palma Drive and has 105 linear feet of access and visibility along S Prairie Avenue. The Subject Property offers an opportunity to be at the nexus of where sports, entertainment, business, retail and urban living come together in the greater Los Angeles area and is currently visited by millions of sports and music fans annually. This number will only increase as the development continues through completion. The Subject Property is surrounded by over 860,000 people in the five-mile radius and growing daily. Access and visibility to the site is unparalleled due to frontage along S Prairie Drive, which serves as a main entrance to the Hollywood Park development. Hollywood Park includes Sofi Stadium, the Kia Forum, the YouTube Theater, the soon to be completed Intuit Dome as well as office, retail, and residential developments. Another benefit of the Subject Property is the proximity to the Inglewood Transit Connector Project, a 1.5-billion-dollar project expected to break ground in 2023 and be complete by the 2028 Olympics. Both the opening and closing Olympic Ceremonies, as well as many of the events will take place at Hollywood Park. The Inglewood Transit Connector will be the first/last mile gap between the countywide Metro Rail System and the Hollywood Park Development. There will be two stations in the immediate proximity to the Subject property, one south at S Prairie Avenue and Hardy Street and the second to the north at S Prairie Avenue and Manchester Boulevard. Annual ridership is anticipated to be 4.1 million riders in 2028 and upwards of 7.9 million in 2078. These passengers will travel directly in front of the Subject Property in order to attend events, employment, housing and retail options in the immediate area. The Subject Property with its C-2 Zoning has multiple development options by right, including shopping centers, restaurants, banks, convenience stores and more, and is ground zero for growth and development within the Greater Los Angeles area.