Bought with Mark Jensen • Nationwide Real Estate Execs
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1225 S Prairie Avenue Inglewood, CA 90301
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Key Details
Sold Price $1,850,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Square Footage 3,589 sqft
Price per Sqft $515
MLS Listing ID CRRS23052710
Sold Date 10/23/23
HOA Y/N No
Year Built 1927
Lot Size 9,056 Sqft
Property Sub-Type Mixed Use
Source Datashare California Regional
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
Interior
Fireplace No
Building
Water Public
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