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124 W Kelso St - 317 S LA BREA AVE & 124 W KELSO ST Inglewood 15,831 SF Specialty Building Offered For Sale in Inglewood, CA 90301
INVESTMENT HIGHLIGHTS
- 317 S La Brea Ave & 124 W Kelso St contain a mixed use Retail/Medical Office Building & parking lot
- C-1 Zone Permitted Uses: Medical Office,Hotel / Motel (minimum of 100 guest rooms), Multifamily Units (141 residential units previously approved**),
- Prime location places the property steps from Inglewood City Hall, Downtown Inglewood corridor, and within minutes of the city's major anchors
- Ambulance Dispatch Facility,Restaurants (Dine-in or Fast Food), Retail sales of merchandise,Bars / Nightclubs Financial Institutions
EXECUTIVE SUMMARY
Rare Opportunity for an Owner-User Medical Office or Developer!
Rare 15,831 Sq ft two-story Retail/Medical Office Building with the two lots equaling 20,195 sq ft of land. The current building was built in 1952 and requires significant value-add. With medical office trading at an average of $500 per square foot, there is tremendous upside in this Medical Office Building structure.
Alternatively, development opportunities are abundant. The city of Inglewood owns the adjacent lots totaling 49,596 sq ft. At one point, the city had approved a partnership to develop a mixed-use project utilizing their lots to develop 141 residential units and 18,000 sq ft of commercial retail/office space. Since the project conditions have expired, a new developer would have to restart the approval process. Still, the city of Inglewood is pro-development and seeks more projects that serve the community.
Property is unpriced. Please reach out to the listing agent for more information. Michael Padilla - 310-420-2541
Rare 15,831 Sq ft two-story Retail/Medical Office Building with the two lots equaling 20,195 sq ft of land. The current building was built in 1952 and requires significant value-add. With medical office trading at an average of $500 per square foot, there is tremendous upside in this Medical Office Building structure.
Alternatively, development opportunities are abundant. The city of Inglewood owns the adjacent lots totaling 49,596 sq ft. At one point, the city had approved a partnership to develop a mixed-use project utilizing their lots to develop 141 residential units and 18,000 sq ft of commercial retail/office space. Since the project conditions have expired, a new developer would have to restart the approval process. Still, the city of Inglewood is pro-development and seeks more projects that serve the community.
Property is unpriced. Please reach out to the listing agent for more information. Michael Padilla - 310-420-2541
PROPERTY FACTS
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Walk Score®
Walker's Paradise (95)
PROPERTY TAXES
| Parcel Number | 4021-015-002 | Improvements Assessment | $158,943 CAD |
| Land Assessment | $2,066,290 CAD | Total Assessment | $2,225,233 CAD |
PROPERTY TAXES
Parcel Number
4021-015-002
Land Assessment
$2,066,290 CAD
Improvements Assessment
$158,943 CAD
Total Assessment
$2,225,233 CAD
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124 W Kelso St - 317 S LA BREA AVE & 124 W KELSO ST Inglewood
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