Four-Unit Apartment Building with
For Sale
$1,395,000
304 N Market, Inglewood, CA 90302
Inglewood, CA
Property Size3,908 SF
Lot Size0.12 Acres
Price / SF$356.96
Days on Market18
Property Features for 304 N Market
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Bedrooms
8
Bathrooms
5
Full bathrooms
5
Rooms
Bedroom 3, Laundry Room, Bathroom 2, Bathroom 3, Bedroom 4, Bedroom 8, Bedroom 2, Bathroom 4, Bathroom 1, Bedroom 5, Bedroom 7, Bathroom 5, Bedroom 6, Bedroom 1
Parking
2
Parking features
Garage, Driveway
Lot features
2-5 Units/ Acre, Walkstreet
Directions
From Florence Ave, go South on La Brea Ave. Left on E Manchester Blvd. Left on Market St.
Subdivision
101 - North Inglewood
Standard status
Active
APN
4016027020
Lot size
0.12 Acres
Utilities
Sewer type
Public Sewer
Water source
Public
Amenities
on-site laundry
Building Details
Year built
1960
Floors in Building
2
Number of units
4
Listing Agency:
Keller Williams Realty-Studio City
(818) 432-1500
Listed By:
Yunus Hopkinson · License #02071440
(818) 984-6964
Added: Aug 13
Changed: Aug 25
Last Checked: Aug 30 at 7:06AM
MLS# SR26177019
Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This four-unit residential income property was constructed in 1960 and contains 3,908 square feet on a 5,300-square-foot lot. The unit mix includes one three-bedroom, two-bath residence; two two-bedroom, one-bath residences; and one one-bedroom, one-bath residence. On-site laundry serves the property, while detached and under-building garages provide additional parking and may offer ADU conversion potential, subject to buyer verification.
The property is located in Inglewood near SoFi Stadium, The Forum, and Intuit Dome. Public water and public sewer serve the site. The roof is reported to be approximately 8 years old, and parking also includes a driveway.
The property is located in Inglewood near SoFi Stadium, The Forum, and Intuit Dome. Public water and public sewer serve the site. The roof is reported to be approximately 8 years old, and parking also includes a driveway.
Key Highlights
- Four‑unit property with 3,908 SF of building area
- Unit mix: one 3BD/2BA, two 2BD/1BA, and one 1BD/1BA
- 5,300‑SF lot in Inglewood, CA
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$55,438
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.97%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,108,760
$1.1M
Cap Rate 7%
$791,971
$792.0K
Cap Rate 9%
$615,978
$616.0K
Market Conditions
NOI Build-Up for 3,908 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$79.7K $20.40/SF
− Vacancy
−$526 −$0.13/SF
EGI
$79.2K $20.27/SF
− OpEx
−$23.8K −$6.08/SF
NOI
$55.4K $14.19/SF
Area
Inglewood, CA
Vacancy
0.66%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,108,760
Cap Rate 7%
$791,971
Cap Rate 9%
$615,978
Alternative Uses
Best Use
Multifamily LT 5
$792.0K
$693.0K – $924.0K
NOI $55,438 @ 7.0% cap · market cap 3.97%
Second Best
Apartment 5plus
$691.5K
$605.1K – $806.8K
NOI $48,407 @ 7.0% cap · market cap 3.47%
Theoretical Best
Office A
$1.59M
$1.40M – $1.86M
NOI $111,612 @ 7.0% cap · market cap 8.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
2,464
Businesses Nearby
Explore this area
Business Placement
Demographics for 90302, CA
29,264
Population
11,366
Households
2.6
Avg Household Size
36
Median Age
30%
College-Educated
81%
High-School Grad
1.9 sq mi
ZIP Area
15,402
Density / Sq Mi
$72,461
Median Household Income
$37,675
Median Earnings
$1,784
Median Rent
$731,300
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit income property with varied floor plans, on-site laundry, and garage parking.
Where is this quadplex located?
The property is located at 304 N Market Inglewood, CA.
What is the asking price?
The asking price for this property is $1,395,000.
What are key features of this property?
This property features: Four‑unit property with 3,908 SF of building area; Unit mix: one 3BD/2BA, two 2BD/1BA, and one 1BD/1BA; 5,300‑SF lot in Inglewood, CA
