Inglewood Triplex: Modern, Furnished,
For Sale
$1,877,777
1013 E La Palma, Inglewood, CA 90301
Newly built, fully renovated triplex near SoFi Stadium.
Property Size4,750 SF
Days on Market153
Property Features for 1013 E La Palma
General Information
Standard status
Active
Size
4,750 SF
Total Parking Spaces
4
Property subtype
Residential Income
Amenities
Curbs
City Lights
Building Details
Building Size
4,750 SF
Year Built
2022
Buildings
1
Stories
2
Listing Agency:
eXp Realty of California, Inc.
Listed By:
Elgin Walker · License #00994498
(661) 347-6248
Source:
Evrealestate
Added: Apr 13
Changed: Sep 5
Last Checked: Sep 12 at 3:34AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of eXp Realty of California, Inc.
Investment Insights
Based on property information with market context.
This newly built triplex is located in Inglewood, within walking distance of SoFi Stadium, The Forum, and Intuit Dome. The property is being sold fully furnished. Two units are currently occupied, generating $8,250 per month. The third unit is vacant, offering flexibility to increase rents, owner-occupy, or maximize Airbnb income. The property features modern kitchens with high-end finishes, remodeled bathrooms, and thoughtfully designed bedrooms. An upstairs unit includes a private balcony with neighborhood views. The property includes two two-car garages and two one-car garages. The location is suitable for event-driven Airbnb bookings and premium rental rates. The property is positioned for both short-term and long-term wealth building. It can be used as a high-performing Airbnb portfolio or a low-maintenance, high-demand rental.
Key Highlights
- Prime Location: Walking distance to SoFi Stadium, The Forum, and Intuit Dome, ideal for event‑driven Airbnb and premium rentals.
- High Income Potential: Currently generating $8,250/month from two units, with the third unit vacant for immediate income maximization.
- Fully Furnished & Airbnb Ready: Turnkey investment opportunity, fully furnished for seamless short‑term rental operation.
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
$67,382
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
3.59%
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%
$1,347,640
$1.3M
Cap Rate 7%
$962,600
$962.6K
Cap Rate 9%
$748,689
$748.7K
Market Conditions
NOI Build-Up for 4,750 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
$96.9K $20.40/SF
− Vacancy
−$640 −$0.13/SF
EGI
$96.3K $20.27/SF
− OpEx
−$28.9K −$6.08/SF
NOI
$67.4K $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%
$1,347,640
Cap Rate 7%
$962,600
Cap Rate 9%
$748,689
Alternative Uses
Best Use
Multifamily LT 5
$962.6K
$842.3K – $1.12M
NOI $67,382 @ 7.0% cap · market cap 3.59%
Second Best
Apartment 5plus
$840.5K
$735.5K – $980.6K
NOI $58,837 @ 7.0% cap · market cap 3.13%
Theoretical Best
Office A
$1.94M
$1.70M – $2.26M
NOI $135,660 @ 7.0% cap · market cap 7.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,310
Businesses Nearby
Explore this area
Business Placement
Demographics for 90301, CA
36,270
Population
12,884
Households
2.8
Avg Household Size
37
Median Age
20%
College-Educated
73%
High-School Grad
2.5 sq mi
ZIP Area
14,508
Density / Sq Mi
$62,991
Median Household Income
$33,884
Median Earnings
$1,658
Median Rent
$698,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Triplex - Newly built, fully renovated triplex near SoFi Stadium.
Where is this triplex located?
The property is located at 1013 E La Palma Inglewood, CA.
What is the asking price?
The asking price for this property is $1,877,777.
What are key features of this property?
This property features: Prime Location: Walking distance to SoFi Stadium, The Forum, and Intuit Dome, ideal for event‑driven Airbnb and premium rentals.; High Income Potential: Currently generating $8,250/month from two units, with the third unit vacant for immediate income maximization.; Fully Furnished & Airbnb Ready: Turnkey investment opportunity, fully furnished for seamless short‑term rental operation.
