CA > Inglewood
Inglewood, CA 90301,519 Hindry Ave
Inglewood, CA 90301,519 Hindry Ave
Inglewood, CA 90301,519 Hindry Ave
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John Matukas

John Matukas

+1(323) 377-4961
$6,650,000
Est. payment /mo
14,936 SqFt
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UPDATED:

09/10/2024 05:04 PM

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 14,936 sqft

Price per Sqft $445

MLS Listing ID 24-403943

Year Built 1951

Lot Size 0.565 Acres

Acres 0.57

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 North Inglewood

Zoning INM1*

Rooms

Other Rooms None

Interior

Heating None

Cooling None

Equipment None

Exterior

Garage Private

Building

Level or Stories One

Others

Special Listing Condition Standard

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TheMLS (CLAW)
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Listed by CBRE, Inc.

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John Matukas

+1(323) 377-4961

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