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.
Property Details
Price:
$6,650,000
MLS #:
24403943
Status:
Active
Baths:
0
Address:
519 Hindry Avenue
Type:
Residential Income
Neighborhood:
101northinglewood
City:
Inglewood
Listed Date:
May 15, 2024
State:
CA
ZIP:
90301
Lot Size:
24,612 sqft / 0.57 acres (approx)
Year Built:
1951
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Schools
Interior
Cooling
None
Heating
None
Exterior
Parking Features
Private
Parking Spots
0.00
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Map
Community
- Address519 Hindry Avenue Inglewood CA
- Area101 – North Inglewood
- CityInglewood
- CountyLos Angeles
- Zip Code90301
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Courtesy of CBRE, Inc.. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved.
519 Hindry Avenue
Inglewood, CA
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