Daniel Hirth and Elijah Suval of the Hirth Group have been exclusively selected to market for sale 1137 N La Brea Avenue – a multi-tenant retail storefront consisting of approximately 3,132 SF of building on an estimated 5,842 SF lot. The building is currently 46% vacant with Tottino’s Pizza occupying one of the retail units on a month-to-month lease. The subject property also features ±8 gated parking spaces in the rear of the building. Due to the tenant being on a month-to-month lease, this presents an ideal opportunity for a value-add investor looking to add value by raising rents on existing tenants or re-tenanting the property outright.
1137 N La Brea Avenue is conveniently located just north of Centinela Avenue, south of West Ellis Avenue, east of North Eucalyptus Avenue, and west of Forest Street. The subject property is also in close proximity to all of Inglewood’s biggest developments as well. Most noticeably, “The New Hollywood Park” project. This 238-acre, $5 billion project will consist of the new Rams and Chargers stadium, 2,500 units of housing, 620,000 SF of retail space, and a 300-room luxury hotel, amongst other luxurious commodities. Some national tenants that reside close the property include: Pizza Hut, Popeyes Louisiana Chucken, 7-Eleven, Ralphs, Starbucks, Dollar Tree, Domino’s Pizza, and Baskin Robins, just to name a few.