Turner Office Building 2501-2505 W Manchester Blvd 3,999 SF 100% Leased Office Building Inglewood, CA 90305 $1,170,263 CAD ($292.64 CAD/SF) 5.09% Cap Rate

The subject property is a commercial mixed-use building located in
the City of Inglewood. The site consists of two buildings on two
separate lots with a total of 5,005 square feet. They are zoned
INC2YY.
2501 is comprised of two commercial spaces on the ground floor of
approximately 500 square feet each. On the second floor is a large,
one bedroom apartment containing approximately 855 square feet
of living space. The entire building is rented but rents are currently
below market for the area.
2505 consists of two commercial spaces. There is a beauty shop on
the ground floor with approximately 1,022 square feet and an office
above, which is currently vacant, and contains approximately 1,127
square feet.
The residential unit is being rented for $1,600 which is about 15%
below market rate. the commercial spaces are about 30% below
market offering significant upside to an investor. With the liberal
rent control policies in Inglewood, a new investor would be able to
capture the upside with some capital improvements and an
aggressive marketing campaign.