5138 W Century Blvd - Redevelopment Opportunity | Inglewood, CA
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5138 W Century Blvd - Redevelopment Opportunity | Inglewood, CA
0.19 Acres of Commercial Land Offered at $2,750,000 in Inglewood, CA 90304
Investment Highlights
- Located adjacent to the 405-Freeway, seeing more than 332,137 VPD
- 1.7 miles from LAX International Airport; seeing over 88 million travelers annually
- Surrounded by national tenants: CONRAC (Consolidated Rent a Car Facility), McDonald’s, Starbucks, Subway, The Westin, Marriott, La Quinta Inn & Suites
- Current C-2 Zoning; neighborhood commercial district
- CONRAC (Consolidated Rent-a-Car Facility) is located across the street from the site; $1 billion dollar facility that features a tram taking passenger
Executive Summary
Quantum Real Estate Advisors, Inc. (“QREA”) has been retained to exclusively offer for sale approximately 0.19 acres of land located at 5138 W. Century Blvd., Inglewood, CA. The property is strategically located off Century Boulevard, a major east-west retail thoroughfare, seeing 109,289 VPD. The land is also located adjacent to the 405-Freeway onramp/offramp seeing an additional 332,137 VPD. The site benefits from its close proximity to LAX International Airport which is 1.7 miles west of the site via Century Blvd.
The site is currently zoned C-2 (Neighborhood Commercial) a favorable zoning that allows for retail sales, commercial services, rentals, outdoor advertising, and more. The site was recently demolished and scrapped, leaving it in perfect condition for a new investor to start construction immediately. Additionally, an income-producing billboard was left at the site that collects $35,000 annually. The site also features two points of ingress and egress, one on the north side and one on the south side of the site. The property is surrounded by national tenants that include: Chevron, McDonald’s, Starbucks, Subway, The Westin, La Quinta Inn & Suites, and much more. The CONRAC (Consolidated Rent a Car Facility) is currently under construction across the street.
The site is currently zoned C-2 (Neighborhood Commercial) a favorable zoning that allows for retail sales, commercial services, rentals, outdoor advertising, and more. The site was recently demolished and scrapped, leaving it in perfect condition for a new investor to start construction immediately. Additionally, an income-producing billboard was left at the site that collects $35,000 annually. The site also features two points of ingress and egress, one on the north side and one on the south side of the site. The property is surrounded by national tenants that include: Chevron, McDonald’s, Starbucks, Subway, The Westin, La Quinta Inn & Suites, and much more. The CONRAC (Consolidated Rent a Car Facility) is currently under construction across the street.
Property Facts
| Price | $2,750,000 | Property Type | Land |
| Sale Type | Investment | Property Subtype | Commercial |
| Sale Conditions | Redevelopment Project | Proposed Use | Commercial |
| No. Lots | 1 | Total Lot Size | 0.19 AC |
| Price | $2,750,000 |
| Sale Type | Investment |
| Sale Conditions | Redevelopment Project |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Commercial |
| Total Lot Size | 0.19 AC |
1 Lot Available
Lot
| Price | $2,750,000 | Lot Size | 0.19 AC |
| Price Per AC | $14,473,684 |
| Price | $2,750,000 |
| Price Per AC | $14,473,684 |
| Lot Size | 0.19 AC |
The site is currently zoned C-2 (Neighborhood Commercial).
Description
The land is also located adjacent to the 405-Freeway onramp/offramp seeing an additional 332,137 VPD. The site benefits from its close proximity to LAX International Airport which is 1.7 miles west of the site via Century Blvd.
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Walk Score ®
Very Walkable (72)
PROPERTY TAXES
| Parcel Number | 4038-002-006 | Improvements Assessment | $318,362 |
| Land Assessment | $1,644,872 | Total Assessment | $1,963,234 |
PROPERTY TAXES
Parcel Number
4038-002-006
Land Assessment
$1,644,872
Improvements Assessment
$318,362
Total Assessment
$1,963,234
zoning
| Zoning Code | LAC-2 |
| LAC-2 |
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5138 W Century Blvd - Redevelopment Opportunity | Inglewood, CA
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