Inglewood, CA 90301,1225 S Prairie Avenue
Listed by Mark Jensen • Nationwide Real Estate Execs
Bought with Mark Jensen • Nationwide Real Estate Execs
$1,850,000
Est. payment /mo
Est.Price: ?

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3,589 SqFt
SOLD DATE : 10/23/2023

Key Details

Sold Price $1,850,000

Property Type Commercial Sale

Sub Type Mixed Use

Listing Status Sold

Purchase Type For Sale

Square Footage 3,589 sqft

Price per Sqft $515

MLS Listing ID CRRS23052710

Year Built 1927

Lot Size 9,056 Sqft

Property Sub-Type Mixed Use

Property Description

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.

Location

State CA

County Los Angeles

Building

Water Public

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Eric & Janelle Boyenga

Eric & Janelle Boyenga

+1(408) 373-1660

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Eric & Janelle Boyenga

+1(408) 373-1660

Agent | DRE01254724 / 01254725

Agent DRE01254724 / 01254725

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