Defaulted Freestanding 8 Unit Multi Tenant Retail Center
Located in Desirable Area of Inglewood
As per the City with the zoning property has multiple commercial uses in this fast growing area only five blocks to the Stadiums and Arenas of Inglewood
Perfect for Boutique Hotel or Mix Use

Subject property consists of 3 freestanding retail buildings for 8 tenants
totaling 10402 SF located on a major 23442 SF corner lot with over 50'
feet of exposure on both sides and comes with 30 parking spaces.
Property is ideally located one half a mile (5 blocks) to the new SOFI Football Stadium, The Forum, Hollywood Park Casino and the new Intuit Stadium the home of the LA Clippers.

Original Loan Amount $4,300,000 in 2023
Original Interest Rate 7.25%
Default Rate at 18%
NOD Filed 10/2024
Trustee Sale to be set in January
Loan Matures October 2028
3 Units Occupied and 5 Vacant
Leases available upon NDA
Appraised Value $6,500,000