Active
519 Hindry Ave
Inglewood CA, 90301
$6,650,000
$445.23 per sqft
Active
14,936 sqft
Multi-family
Built in 1951
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.
24-403943
MLSⓇ ID
June 13, 2024
Listed
September 3, 2024
Updated
Map
519 Hindry Ave
Inglewood CA, 90301
Interior Features
Total Stories
0
Appliances
None
Fireplace
No
Cooling
No
Cooling Description
None
Heating
No
Heating Description
None
Exterior/Building Features
Lot Size
0.57 Acres
Other Property Details
Area Name
North Inglewood
Days on Market
111
Garage
No
Parking
Private
Parking Total
0
View
No
County
Los Angeles
Pool
No
Zoning
INM1*
Listing History
Date | Event | Price |
---|---|---|
9/3/2024 | Price change | $6,650,000 -12% |
Listed by Brice Head with CBRE, Inc.
Listing Contact: 310-344-8218
Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Amalfi Estates shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
©2024 Combined L.A./Westside MLS. All rights reserved.
Data last updated 9/3/2024