CA > Inglewood
Inglewood, CA 90301,519 Hindry AVE
Inglewood, CA 90301,519 Hindry AVE
Inglewood, CA 90301,519 Hindry AVE
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Diego Magdaleno

Diego Magdaleno

+1(714) 681-1222
$6,650,000
Est. payment /mo
14,936 SqFt
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UPDATED:

09/30/2024 06:21 PM

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 14,936 sqft

Price per Sqft $445

MLS Listing ID 24403943

HOA Y/N No

Year Built 1951

Lot Size 0.565 Acres

Property Description

PRICED TO SELL AT A 5% CAP NNN. "2025" CAP RATE WILL BE 5.7%.HIGH FUNCTIONALITY AND OBVIOUS LOGISTICAL STRENGTHS THAT CANNOT BE REPLICATED IN OTHER BUILDINGS. OR IN OTHER GREATER LA SUBMARKETS.One of the most sought-after locations in Greater LA, for industrial tenants, particularly logistics, auto body and supporting services for the aircraft and rental car industries, situated perfectly between the 405 Fwy. and LAX.A block from the NEW, "future entrance to LAX", aka the $6B Intermodal Transportation Facility - a 3MM sq. ft. hub of parking, rental cars, concessions and access to-and-from LAX's 9 aircraft terminals. Once fully operational, travelers will enter and exit LAX through this facility - riding a tram along Century Blvd., to-and-from the terminal buildings.519 S. Hindry aka 5 Star Doggie Inn (7,762 sq. ft. on a 11,471 sq. ft. lot):A build-out of warehouse, boarding and office with a secured, rear yard and ample parking in front. Currently paying $13,200 per month. THIS TENANT IS ON A MONTH-MONTH RENTAL AGREEMENT. Immediate flexibility for a Buyer. Market rent estimated at $14,500 per month.523 S. Hindry aka Auto Body Pros (7,174 sq. ft. on a 13,141 sq. ft. lot):A large warehouse-type structure, with a newer roof, housing an auto repair and body shop. And 2 PERMITTED SPRAY BOOTHS ALSO - RARE AND HARD TO ESTABLISH, IF YOU WERE A NEW TENANT IN LA. This amenity has significant inherent value. Currently paying $13,978 per month. Market rent estimated at $17,250 per month - this lease jumps to "market" May 2025.Current NNN income $326,136 per year. Market NNN income May 2025 could be $381,000!Just Reduced $850,000.PRICED TO SELL AT $6,650,000.

Location

State CA

County Los Angeles

Area 101 - North Inglewood

Zoning INM1*

Interior

Heating None

Cooling None

Fireplace No

Exterior

Garage Private

Building

Entry Level One

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 4126006009

Special Listing Condition Standard

Read Less Info
California Regional MLS (CRMLS)
Listed by Brice Head • CBRE, Inc.
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