Inglewood Office for Sale - Inglewood/South LA
INGLEWOOD COMMERCIAL ASSET | 1031 EXCHANGE OPPORTUNITY
Prime Inglewood Investment | Commercial Asset | 1031 Exchange Opportunity
OWNER USER/INVESTMENT OPPORTUNITY
Addresses - 3 APNs
101 S. Prairie Avenue, Inglewood, CA 90301 - 13,494 SF, Lot: 21,845 SF
105 S. Prairie Avenue, Inglewood, CA 90301 - 7200 SF, Lot: 7288 SF
661 Manchester Terrace, Inglewood, CA 90301 - 4,796 SF, Lot: 4,802
Zoning: Commercial / Development-Friendly
Property Type: Commercial (formerly designed for medical use)
Exceptional Location in the Heart of Inglewood’s Entertainment Core:
A truly rare opportunity encompassing three contiguous parcels, each with its own APN,
positioned within one of Southern California’s fastest growing and most dynamic
entertainment districts.
Located steps from SoFi Stadium, The Kia Forum, Intuit Dome, and COSM, this site sits at the
epicenter of Inglewood’s extraordinary transformation—an area now recognized as the
largest entertainment district in Southern California and a future global media hub for the
2028 Olympic and Paralympic Games.
Olympic Momentum & Global Spotlight:
Inglewood will serve as a major stage for the Los Angeles 2028 Olympic Games, with events
hosted at SoFi Stadium and the new Hollywood Park Studios, confirmed as the International
Broadcast Center (IBC) for worldwide Olympic coverage.
This once-in-a-generation influx of global attention and investment is fueling
unprecedented infrastructure expansion and long-term appreciation potential. The
Property’s proximity to these venues, just under one mile from SoFi, places it at the very
center of this economic renaissance.
1031 Exchange Highlights:
• Ideal for 1031 Buyers: Clean, shovel-ready commercial asset with permits and
entitlements already underway, minimizing uncertainty and timelines.
• Prime Location: Located in the booming Prairie Avenue corridor, steps from SoFi Stadium,
The Forum, and the Intuit Dome.
• Immediate Income Potential: 67 on-site parking spaces producing approximately $75 per space, 3 days per week—representing $48,000 to $60,000 per month in stadium-event-driven passive income.
• Digital Billboard Opportunity: High-visibility frontage offers excellent exposure for digital
signage, adding a potential future media-income stream.
• Flexible Exit Strategy: Investors can hold for cash flow, complete the permitted build-out, or reposition the property to align with Inglewood’s continued growth trajectory.
Project Progress & Entitlements:
This property has already undergone significant pre-development work, making it ideal for investors on a fast timeline.
Completed and In-Progress Milestones Include:
- Site Survey & 3D Design Completed
- Final Approval for Parking Lot Permit Secured
- Architectural & Engineering Plans Submitted
- Pending Demolition Permit (Minor Corrections in Progress)
- Fire Department and Public Works Approvals Received
- Third-Party Reviews Ongoing
- Engineering Partners: CSG Engineers (Parking), J Lee Engineering (Building Addition)
- Additional Improvements Completed:
• Asbestos Removal
• Parking Lot Re-Striping & Patching
• Water Line Upgrades
• SCE Service Upgrade Scheduled (pending city approval)
Development Flexibility & Vision:
Originally designed for a medical facility, the property offers flexibility for a wide range of
commercial or mixed-use purposes. With its existing entitlements and approvals in motion,
This asset provides an exceptional foundation for those looking to build, redevelop, or
reposition in a district experiencing historic transformation.
Investment Summary:
- Addresses: 101 & 105 S. Prairie Avenue and 661 Manchester Terrace, Inglewood, CA
- Parcels: Three separate APNs
- Zoning: Commercial / Development-Friendly
- Parking: 67 Spaces | Event-Driven Revenue Potential
- Lot Condition: Exterior & structure ready for custom interior build-out.
A Strategic Investment in Southern California’s Entertainment Capital:
Inglewood’s ongoing renaissance, anchored by SoFi Stadium, Intuit Dome, The Forum, COSM, and the upcoming Hollywood Park Studios aiming to be ready by 2028. The plan is for it to be the broadcast hub for the Olympics, and then later it will become a full-fledged production studio. This will attract national attention and world-class investment.
With immediate cash flow, strong entitlement progress, and major global events on the horizon, this is a timely, high-visibility commercial opportunity positioned for both near-term income and long-term appreciation.
Overview:
This premier three-parcel assemblage occupies a high-visibility corner within Inglewood’s Stadium District, surrounded by SoFi Stadium, Kia Forum, and the Intuit Dome. Each parcel is currently improved with surface parking, creating immediate event-parking income potential and offering significant redevelopment flexibility for future medical, office, or hospitality use under INRM zoning. This configuration represents a rare investment opportunity with both current cash flow and long-term upside in one of Southern California’s fastest-developing commercial corridors.
Given the ongoing transformation of Inglewood’s Stadium District and the scarcity of contiguous parcels with both street frontage and parking capacity, this offering presents a premium opportunity for developers, medical users, or investors seeking a landmark site within one of Southern California’s most dynamic growth zones.
