945 S Prairie Avenue, Inglewood, CA 90301
Commercial property
For sale now
945 S Prairie Avenue is on the market at $3,999,000 (8,357 sqft). See the current listing →
Sold August 2021
Listing Agent: Stephen Lampe (DRE #01164364) · Listing Office: Re/Max Commercial & Investment · Contact: 310 802-2500 · Bought with: Brian Branand · Brian Ross Brandt Branand · MLS #SB20030072 · Source: CRMLS
How this sale compares
945 S Prairie Avenue sold for $3,300,000 in August 2021, 8.2% under its $3,595,000 list price, after 310 days on the market.
Figures are MLS-reported closed sales (CRMLS). Nalren does not estimate values.
About this commercial property
The subject property is a commercial retail center in the heart of Inglewood’s Entertainment District. The property is located at 945 South Prairie Avenue, across from the main entrance to the new $5 Billion SoFi Stadium which will be completed in 2020. The improvements consist of 8,357 square feet of gross building area within 2 stories on a 16,912 square foot parcel zoned C2. There are 14 suites. There is tremendous upside in this investment offering with a CAP rate pf 6%+ on stabilized NOI at market rents. The property could also be developed in an assemblage with an adjacent parcel on Prairie that is approximately 1 acre. The location across from the SoFi Stadium, and the Hollywood Park Mixed-Use Entertainment Complex provides a unique opportunity to acquire a property along the main boulevard of Inglewood’s path of redevelopment.
Listing description from the August 2021 sale, as reported to CRMLS.
Sale history
Questions about 945 S Prairie Avenue
When did 945 S Prairie Avenue last sell?
945 S Prairie Avenue last sold in August 2021 for $3,300,000, according to CRMLS-reported closed sales.
What did 945 S Prairie Avenue sell for?
$3,300,000, 8.2% below the $3,595,000 list price, after 310 days on the market.
Is 945 S Prairie Avenue for sale now?
Yes — 945 S Prairie Avenue is currently on the market at $3,999,000. Open the current listing on Nalren for photos, details and the listing agent.