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Shopping Neighborhood

213 South La Brea Ave

213 South La Brea Ave, Los Angeles, CA 90036

Listing Price: $2,200,000

Cap Rate
0.60%
Gross SF
7,500
Rentable SF
7,500
Price/Gross SF
$293.33
Lot Size
0.24 acres
Year Built
1955

Investment Overview

Marcus & Millichap is pleased to present 213 South La Brea Avenue, a 7,500-square retail storefront / office opportunity in Downtown Inglewood, which is currently one of the fastest growing urban submarkets in the world. This unique owner user/ value add opportunity is currently leased on a month-to-month basis to a furniture store. The property is positioned on 10,511 square feet of land zoned INC1D. 213 South La Brea Avenue is ideally located just one parcel south (approx. 50 feet) from the signalized corner of Manchester Boulevard and La Brea Avenue, which are the two most significant thoroughfares in Inglewood. The immediate neighborhood boasts rapidly gentrifying demographics, dense immediate population, high barriers to entry, and strong market fundamentals yielding an investor/developer landlord favored market conditions with significant growth potential. Centrally located within short driving distance of Silicon Beach and Culver City, and conveniently positioned in the center of a growing broad range of employment and retail options, 213 South La Brea Avenue is surrounded by high end neighborhoods, boutique bars/restaurants, and numerous high profile office and mixed use developments.

Investment Highlights

  • Currently Leased to Furniture Store for the Last 40 Years
  • Significant Upside in Current Rent
  • Irreplaceable Inglewood Location

Exclusively Listed By

Shopping Neighborhood

213 South La Brea Ave

Listing Price: $2,200,000

Cap Rate
0.60%
Gross SF
7,500
Rentable SF
7,500
Price/Gross SF
$293.33
Lot Size
0.24 acres
Year Built
1955

Investment Highlights

  • Currently Leased to Furniture Store for the Last 40 Years
  • Significant Upside in Current Rent
  • Irreplaceable Inglewood Location

Investment Overview

Marcus & Millichap is pleased to present 213 South La Brea Avenue, a 7,500-square retail storefront / office opportunity in Downtown Inglewood, which is currently one of the fastest growing urban submarkets in the world. This unique owner user/ value add opportunity is currently leased on a month-to-month basis to a furniture store. The property is positioned on 10,511 square feet of land zoned INC1D. 213 South La Brea Avenue is ideally located just one parcel south (approx. 50 feet) from the signalized corner of Manchester Boulevard and La Brea Avenue, which are the two most significant thoroughfares in Inglewood. The immediate neighborhood boasts rapidly gentrifying demographics, dense immediate population, high barriers to entry, and strong market fundamentals yielding an investor/developer landlord favored market conditions with significant growth potential. Centrally located within short driving distance of Silicon Beach and Culver City, and conveniently positioned in the center of a growing broad range of employment and retail options, 213 South La Brea Avenue is surrounded by high end neighborhoods, boutique bars/restaurants, and numerous high profile office and mixed use developments.

Exclusively Listed By

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