Inglewood, CA 90301 519 Hindry Ave
$6,650,000
Presented By: Brice Head with CBRE, Inc.
Home Details
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.
Presented By: Brice Head with CBRE, Inc.
Interior Features for 519 Hindry Ave
Bedrooms
Total Bedrooms
Bathrooms
1/4 Baths0
3/4 Baths0
Full Baths
Half Baths
Total Baths
Other Interior Features
LivingAreaSourceOther
Air Conditioning Y/NNo
Heating Y/NNo
Total Stories
General for 519 Hindry Ave
CityInglewood
CoolingNone
CountyLos Angeles
Days on Market29
DirectionsHillcrest Blvd & Hindry Ave
Gross Income311736
HOA / Comm AssnNo
HeatingNone
LevelsOne
Lot Size Square Feet24612
Lot Size UnitsSquare Feet
MLS Area101 - North Inglewood
Net Operating Income311736
New ConstructionNo
NumberOfUnitsTotal2
Property TypeResidential Income
Senior Community Y/NNo
Standard StatusActive
StatusActive
Stories1
Year Built1951
ZoningINM1*
Exterior for 519 Hindry Ave
Building Area Total14936
Lot Size Acres0.565
Lot Size Area24612
Lot Size SourceOther
Number of Buildings2
Parking FeaturesPrivate
Total Parking0
Additional Details
Price History
Stephen Pliaconis
Pliaconis Realty Group REALTOR® DRE 02015480