INGLEWOOD, CA
Inglewood, California, is an excellent place to buy a home due to its central location, affordability, diverse neighborhoods, and cultural appeal. Situated just minutes from Los Angeles International Airport (LAX), Inglewood offers convenient access to key areas such as downtown Los Angeles, Hollywood, and the stunning beaches of Southern California. This makes it a prime spot for those who value both connectivity and leisure. Additionally, the entry-level prices of single-family homes in Inglewood are significantly lower compared to the surrounding Westside areas of Los Angeles, providing a more accessible option for first-time home buyers seeking proximity to major attractions without the high price tag.
Inglewood boasts a variety of neighborhoods, each with its unique charm. Areas like Morningside Park, North Inglewood, and La Tijera Village offer a range of housing options, from charming bungalows to modern condos. The city’s diverse population contributes to a rich cultural scene, with an array of local eateries, shops, and community events that reflect its vibrant heritage.
The city has also seen a surge in investment and development, including constructing new entertainment venues like SoFi Stadium, home to the Los Angeles Rams and Chargers, and the upcoming Intuit Dome, the future home of the Los Angeles Clippers. These venues have sparked increased investment in the area, boosting local businesses and infrastructure, and enhancing the overall appeal of Inglewood as a vibrant, up-and-coming community.
INGLEWOOD PEOPLE MOVER
The Inglewood City Council has approved the construction of the Inglewood Transit Connector (ITC), which is a monorail-style train, that would connect the Metro Crenshaw’s Downtown Inglewood Station. The people mover will link Inglewood Metro Station to notable destinations such as the Forum, SoFi Stadium, and the Intuit Dome, set to become the new home of the LA Clippers and a premier entertainment venue upon its late 2024 opening.
This involves automated vehicles traveling on a 1.6-mile elevated track above Market Street, Manchester Avenue, and Prairie Avenue. In addition to the northern terminals on Market Street adjacent to the K-Line. Plans also call for stops at Manchester Avenue and Hardy Avenue.
CENTRAL LOCATION
Centrally located in Southern California, Inglewood is accessible to major transportation resources. The City is:
- Less than 30 minutes from facilities at Los Angeles and Long Beach harbors.
- Surrounded by Interstates 405, 105, 110, and 10. Two miles from LAX.
Inglewood consists of several neighborhoods which are indicated by symbols on street signs. Some of the neighborhoods include:
- Morningside Park, Downtown Inglewood, Fairview Heights, Arbor Village, Centinela Heights, Century Heights, Inglewood Knolls, Lockhaven, and Crenshaw Imperial.
Inglewood is home to the Rams and Chargers of the National Football League who play at SoFi Stadium. The stadium hosted Super Bowl LVI in 2022.
AREA RENAISSANCE
In recent years, Inglewood has experienced a significant revitalization effort, which is often referred to as the “Inglewood Renaissance.” This has been driven by a number of factors, including The development of the SoFi Stadium: In 2020, the SoFi Stadium, a state-of-the-art sports and entertainment complex, opened in Inglewood. This development has brought a significant amount of investment to the area and has helped to create new jobs and opportunities for local-residents.
SoFI
SoFi Stadium is a sports and entertainment complex in Inglewood, California, United States. It occupies the former site of the Hollywood Park Racetrack, 3 miles (4.8 km) from Los Angeles International Airport and immediately southeast of The Forum indoor arena. Opened in September 2020, the stadium is home to the National Football League’s Los Angeles Chargers and Los Angeles Rams, as well as the annual LA Bowl in college football. The facility is a component of Hollywood Park, a master-planned neighborhood in development on the site of the former racetrack. Hollywood Park Casino re-opened in a new building on the property in October 2016, becoming the development’s first establishment to open.
2026 WORLD CUP: SoFi Stadium will host the opening and closing ceremonies of the 2028 Summer Olympics and Paralympics (with organizers are proposing a split format for the Olympics that would also incorporate the Los Angeles Memorial Coliseum). The stadium will also host archery and soccer (football) matches.
2027 SUPERBOWL: SoFi Stadium will host the opening and closing ceremonies of the 2028 Summer Olympics and Paralympics (with organizers are proposing a split format for the Olympics that would also incorporate the Los Angeles Memorial Coliseum). The stadium will also host archery and soccer (football) matches
2028 SUMMER OLYMPICS: SoFi Stadium will host the opening and closing ceremonies of the 2028 Summer Olympics and Paralympics (with organizers are proposing a split format for the Olympics that would also incorporate the Los Angeles Memorial Coliseum). The stadium will also host archery and soccer (football) matches
HOLLYWOOD PARK
Hollywood Park champions the best in live entertainment, global cuisine, and local creativity as the new heart of South LA. Here, home-grown eateries and services, star-powered fashion and sports, next-gen makers and pioneers, and 2,500 residences are set to dazzle on 300 acres woven with parks, trails, street art, and a centerpiece lake.
Hollywood Park will be a significant new office submarket on the south side of Los Angeles bringing a total of approximately five million SF of commercial space. Hollywood Park’s first 380,000 square feet Class A office building, the NFL Building at Hollywood Park, opened in 2021. Design is underway for an additional 500,000 square feet of office space. Designed to accommodate even the world’s largest organizations, Hollywood Park will come equipped with one of the most sophisticated and technologically advanced infrastructures in the world. Buildings are designed to address the flexibility and scale most critical for media, technology, and entertainment firms in the years ahead.
Future tenants will benefit from its revolutionary emerging technologies, including a robust dark fiber network with best-in-class 24/7 security, access to the industry’s newest and ultra-fast 5G network, and the largest-ever Wi-Fi 6 implementation for immersive-experience applications. Hollywood Park’s creative office spaces will bring various roof decks and terraces allowing for views of SoFi Stadium amidst the bustling, pedestrian-friendly 300 acres.
IN CONCLUSION
Inglewood’s burgeoning development scene presents a compelling opportunity for prospective property investors. The community’s historic undervaluation, coupled with its central location amidst the bustling Los Angeles metropolitan area, sets the stage for substantial appreciation in the years to come. As Inglewood experiences a renaissance, fueled by ongoing revitalization efforts, it emerges as an enticing option for first-time homebuyers. With entry-level pricing and the promise of faster appreciation, investing in Inglewood properties holds the potential to build equity swiftly, making it a prime consideration for those looking to enter the real estate market.