New Construction
For Sale
$1,877,777
1013 E La Palma, Inglewood, CA 90301
Inglewood, CA
Property Size3,880 SF
Lot Size0.11 Acres
Price / SF$483.96
Days on Market139
Property Features for 1013 E La Palma
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Bedrooms
7
Bathrooms
7
Full bathrooms
7
Rooms
Bathroom 4, Bedroom 3, Bedroom 2, Bedroom 5, Kitchen, Bedroom 4, Bathroom 2, Bathroom 6, Bathroom 1, Bathroom 5, Laundry Room, Bedroom 6, Bedroom 7, Bathroom 3, Bedroom 1, Bathroom 7
Parking
4
Fireplace
1
Lot features
Paved, Near Public Transit
View
City
Elementary school district
Inglewood Unified
Middle school district
Inglewood Unified
High school district
Inglewood Unified
Directions
off of
Subdivision
699 - Not Defined
Standard status
Active
APN
4021040016
Size
3,880 SF
Lot size
0.11 Acres
Utilities
Water source
Public
Amenities
private balcony
Building Details
Year built
2022
Floors in Building
2
Number of units
34
Listing Agency:
eXp Realty of California Inc
(888) 584-9427
Listed By:
Elgin Walker · License #00994498
(661) 347-6248
Added: Apr 13
Changed: Aug 25
Last Checked: Aug 29 at 9:06PM
MLS# SR26079670
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.
Built in 2022, this 3,880-square-foot triplex contains three furnished residences with contemporary interiors, designer kitchens, upgraded bathrooms, spacious bedrooms, premium flooring, and modern fixtures. Two residences are generating approximately $8,250 per month, while the third is vacant for owner occupancy, a new tenant, or additional income. The property also includes a private balcony with neighborhood views and a substantial garage package consisting of two oversized two-car garages and two additional one-car garages.
The City of Inglewood has approved the property for Airbnb use. Located minutes from SoFi Stadium, Intuit Dome, Kia Forum, and Hollywood Park, the property sits near Inglewood’s entertainment and business district. Public water service is provided, and the site encompasses 0.109 acres.
The City of Inglewood has approved the property for Airbnb use. Located minutes from SoFi Stadium, Intuit Dome, Kia Forum, and Hollywood Park, the property sits near Inglewood’s entertainment and business district. Public water service is provided, and the site encompasses 0.109 acres.
Key Highlights
- Three‑residence triplex built in 2022
- 3,880 SF building on a 0.109‑acre lot
- City of Inglewood approval for Airbnb use
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
$55,041
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
2.93%
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%
$1,100,820
$1.1M
Cap Rate 7%
$786,300
$786.3K
Cap Rate 9%
$611,567
$611.6K
Market Conditions
NOI Build-Up for 3,880 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
$79.2K $20.40/SF
− Vacancy
−$522 −$0.13/SF
EGI
$78.6K $20.27/SF
− OpEx
−$23.6K −$6.08/SF
NOI
$55.0K $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%
$1,100,820
Cap Rate 7%
$786,300
Cap Rate 9%
$611,567
Alternative Uses
Best Use
Multifamily LT 5
$786.3K
$688.0K – $917.4K
NOI $55,041 @ 7.0% cap · market cap 2.93%
Second Best
Apartment 5plus
$686.6K
$600.8K – $801.0K
NOI $48,060 @ 7.0% cap · market cap 2.56%
Theoretical Best
Office A
$1.58M
$1.39M – $1.85M
NOI $110,813 @ 7.0% cap · market cap 5.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Fully furnished residences offer contemporary finishes and approved short-term rental use in Inglewood.
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: Three‑residence triplex built in 2022; 3,880 SF building on a 0.109‑acre lot; City of Inglewood approval for Airbnb use
