1225 S Prairie Avenue, Inglewood, CA 90301

About this commercial property

This property is a Unique mixed-use opportunity. The property currently consists of 3 separate structures on a 9,474 sqft lot with 50’ of frontage on Prairie ave.. The first building is 985 sqft retail space with a attached side yard that is currently a sign store. The second building is a 1300 sqft 3 bed 1 bath single family house with it’s own yard. The third structure is a triplex with two large 2 car garages. The units consist of two 500 sqft 1 bed 1 baths upstairs and one 300 sqft studio below. All rents are substantially under market value and all units are occupied but one of the upstairs 1bed 1bath unit that is in mid construction condition. This property was recently appraised at $2,130,000 for land value. The long term development possibilities is where the real value lies on this property.

Listing description from the October 2023 sale, as reported to CRMLS.

Sale history

$1,850,000

Sold October 2023 · listed $1,950,000, on market March 2023 · MLS #RS23052710 · Source: CRMLS

Listing Agent: Mark Jensen · Listing Office: Nationwide Real Estate Execs · Contact: 562-208-7500 · Bought with: Mark Jensen · Nationwide Real Estate Execs

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