13763 Inglewood Avenue and 4800 W 137th Place is a two-story mixed-use building with 15 retail stores on the ground floor and 11 apartments on the second floor. The asset is a true value-add deal with tremendous upside potential that rarely comes to market with a pro forma cap rate of 8.78%. The subject properties consist of approximately 18,946 SF of building on an approximate 36,959 SF lot. The properties are currently being used as a mixture of fifteen retail storefronts, six apartments and nine offices. There are also six (6) garages in the rear of 13763 Inglewood Avenue and ±50 marked parking spaces in total.
Per city records, the property consists of fifteen retail stores and eleven apartments. With a high vacancy factor and tremendous upside, a new owner can immediately add value by leasing out the vacant units and raising the current rents to market. All retail and office leases include a clause that will allow the new landlord to terminate the leases with a 90-day notice. Located in an unincorporated city of Los Angeles the subject property is not subject to rent control. Buyer to verify all information with city of Los Angeles.
Nestled in the Western region of Hawthorne, 13763 Inglewood Avenue and 4800 West 137th Place are favorably located within walking distance to several national tenants: Marshalls, Walmart, Michaels, Denny’s, Pizza Hut, El Pollo Loco, and Food 4 Less, just to name a few. This emerging city is also now home to some very popular companies, some of which include: Space X, Tesla, and Triumph Aerostructures. New tenants such as breweries, letterpress studios, restaurants, and artist studios are now occupying all the old warehouses that used to be occupied by previous Aerospace companies. The upcoming Rams/Chargers stadium is only minutes away as well as the re-developed Forum and 405 Freeway. We are watching the Inglewood and Hawthorne Sub-Markets change before our eyes.