52
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$1,895,000
Est. payment /mo
4,650 SqFt
Price Dropped by $205K
707 N La Brea Ave Inglewood, CA 90302
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UPDATED:
11/08/2024 09:59 PM
Key Details
Property Type Commercial
Sub Type Office
Listing Status Active
Purchase Type For Sale
Square Footage 4,650 sqft
Price per Sqft $407
MLS Listing ID 24-440821
Year Built 1956
Lot Size 4,343 Sqft
Acres 0.0997
Property Description
This spacious approximately 4800 square foot stand-alone two-story Office Commercial Building situated on the corner of N. La Brea Avenue and Hazel Street consist of two prime highly visible Inglewood lots. (707 N. La Brea Avenue APN 4016-008-002 AND 701 N. La Brea Avenue APN 4016-008-001). Regarding the current offices of The Service Company Real Estate Brokerage, the building appears to be ideal for general office functions, medical or dental facilities, an administrative headquarters for various commercial and / or non- profit entities. With twenty-three (23) parking spaces the site is ideal as a corporate headquarters, private educational learning center, or law offices. The property has four offices on the second floor, central heating and air conditioning, four bathrooms, a separate eating / breakroom area, and two conference rooms. The property appears to have an Inglewood Commercial 3 (INC3) zoning which portends that a development opportunity may be in the offing. As the City of Inglewood has experienced a renaissance in recent years of development, the Sofi stadium Intuit Dome, this location is prime for the discerning investor. Walking distance to various businesses such as 7-Eleven, El Polo Loco Restaurant, Ralph's Grocery Store, Popeye's Chicken among other eateries. Located adjacent to the California Department of Motor Vehicles on a high traffic thoroughfare. Access to rapid transit, and 405 and 105 freeways. Property is sold in its' present condition. Seize this growth opportunity in this developing corridor to the enterprise zone neighborhoods. This is a Probate sale with full authority of a one-third interest in the property with no overbid. Sale is subject to a property swap. Possession shall be delivered vacant at the close of escrow or as agreed mutually between the successful buyer and seller. The seller may require additional time after the sale to relocate to a suitable replacement location. Buyer to rely solely on Buyer's independent investigations. Drive by only! Do not disturb occupants. Property is sold in its current condition. Upon an accepted offer, Buyer shall have the right to inspect the property at Buyer's expense and rely solely on Buyer's inspections and investigations. Property is sold for All Cash, or terms and conditions acceptable to the Seller. The seller shall select all services, including escrow and title services. Please contact listing agents for more information. 1031 EXCHANGE: Buyer is aware that Seller intends to perform an IRS Section 1031 tax-deferred exchange. Seller requests Buyer's cooperation in such as exchange and agrees to hold Buyer harmless from any and all claims, liabilities, or delays in time resulting from such an exchange. Buyer agrees to an assignment of this contract to a qualified intermediary by the Seller.
Location
State CA
County Los Angeles
Area North Inglewood
Zoning INC3*
Exterior
Garage Spaces 23.0
Building
Story 1
Others
Special Listing Condition Standard
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Listed by Realty Executives Westside