INGLEWOOD, Calif. (2UrbanGirls) – As Inglewood continues to promote its ‘Inglewood Renaissance’ 2UrbanGirls has scoured commercial real estate listings in the City that we believe are great investment opportunities for those with the capital to purchase, renovate, and/or redevelop based on their location and what is already taking place in the immediate area surrounding the properties.
Here we go!
501 S. La Brea Ave. is being marketed as a “developer’s dream”. Inglewood residents don’t be startled. This hasn’t been built yet. It’s a rendering of the reimagined corner at LaBrea and Hillcrest where an auto repair shop is and Taco Bell was once located. The former Spalding Pharmacy building up the street at Hillcrest and Locust is being reimagined into condos with a swanky rooftop situation so this project would align with what’s already nearby.
Because this property is located in a Transit Oriented Development (TOD) zone “TOD Mixed-Use 1 zone provides for larger-scale development at a higher density”.
Asking price? BEST OFFER!
DO NOT SLEEP on 3220 W. 85th Street. I just reported that SoFi Stadium bought the building around the corner on Manchester Blvd. so something big is coming. I know because the owner of the business being made to leave because of the purchase told me so.
Who cares that you don’t know what you’re going to do with it at the moment because the fact that SoFi Stadium and a well-connected family with ties to Councilman Padilla bought the parking lot and property next door, there’s MASSIVE opportunity to do BIG things in conjunction with their project.
Asking price? $2 million.
150 N. Market Street is another diamond in the rough that folks are passing by. The city of Inglewood bought the swap meet across the street and are developing it into a hotel. The other caveat is the City is steadfastly trying to accumulate financing for the Inglewood Transit Connector which will have a train stop at the North end of Market Street which means it will slide by your property 24/7. At one point plans called for this parcel to be used as a staging area for the construction and the Inglewood Transit Connector Joint Powers Authority (ITCJPA) is preparing to start acquiring land in the Right of Way.
Asking price? $8.5 million
130-140 E Manchester Blvd. is the entire corner at Manchester and LaBrea which also falls in the lucrative TOD zone. New owners have bought the building next door to turn the former furniture store into an urgent care center. Up the street at LaBrea and Nutwood, the City is developing that into mixed-use and the first listing in this article is located at LaBrea and Hillcrest. The entire landscape of LaBrea between Manchester and Hawthorne Blvd. is about to go through a major transformation and all that is missing is you!
Asking price: $2.3 million
11007 Crenshaw Blvd. is in the 90303 zip code and is also in a TOD zone. With the right investment group, it would be ideal to acquire the properties on either side of the location and build something across all of the parcels. The building to the North was previously an unlicensed cannabis dispensary and the building South is office space. You are situated between the 105 freeway and the Intuit Dome and SoFi Stadium.
Asking price? $1.1 million