INGLEWOOD (2UG) – An historic landmark in Inglewood’s Downtown District recently sold, according to public records.
The art deco building is located at 100 N. Market Street and sold last month for $3.85 million dollars.
The listing details it as a developer’s dream due to its proximity to the Metro K-Line.
Historically significant mixed-use residential/retail building in the heart of downtown Inglewood two blocks from the new Metro station and the upcoming monorail station. With stunning high ceilings on both floors and unique architectural design, this building offers a prospective investor the opportunity to reposition into high-end retail on the ground floor with luxury residential on the second floor. This property currently sits in the new Downtown Inglewood Transit Oriented Development Plan, which allows for mixed use development on the sites rear parking lot. Due to the favorable zoning and proximity to the Metro stop, this property is within three blocks of several large new mixed-use developments, including Astra, a 242 unit development that includes a new Target and several restaurants.
Development doesn’t appear to be on the horizon anytime soon as the planned Inglewood Transit Connector is scheduled to begin construction next year as the City continues to assemble the funding for its construction.
The Urban Land Institute will host a tour of the historic Market Street on June 8. More details can be found here.
Was Thomas Safran the lucky buyer?
