15-Unit Courtyard Apartment
New
For Sale
$2,200,000
10130 S Inglewood Ave, Inglewood, CA 90304
Gated access, a central pool courtyard, on-site laundry and separate gas and electric meters serve a varied apartment mix.
Property Size10,331 SF
Price / SF$212.95
Days on Market7
Property Features for 10130 S Inglewood Ave
General Information
Standard status
Active
Size
10,331 SF
Total Parking Spaces
15
Property subtype
Residential Income
Financials
Asking Price
$2,200,000
Cap Rate
6.12%
Gross Rent Multiplier
8.05
Additional Details
Utilities to Site
Yes
Multifamily Units
15
Amenities
in-ground pool
on-site laundry
gated remote-access parking
Building Details
Year Built
1960
Buildings
1
Stories
2
Construction
wood-frame and stucco
Listing Agency:
Marcus & Millichap
Listed By:
Neema Ahadian · License #(S):CA:01346750
(310) 909-5444
Source:
Propertyinpalmsprings
Added: Sep 21
Changed: Sep 26
Last Checked: Sep 26 at 3:17PM
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 Marcus & Millichap
Investment Insights
Based on property information with market context.
This 15-unit apartment property is a two-story, wood-frame and stucco building arranged around a courtyard with an in-ground pool. The 10,331-square-foot building includes one-, two- and three-bedroom apartments. Windows have been replaced throughout, and Unit 6 is being updated with fresh interior paint. A dedicated laundry room has two Speed Queen washers and two Speed Queen dryers. Gas and electricity are separately metered for each apartment; newer Square D circuit breakers are installed at both sides of the meter bank. The reported in-place figures are a 6.12% cap rate and an 8.05 GRM.
A gated, remote-controlled entrance serves 15 parking spaces: five tuck-under spaces and 10 carport spaces, each with storage overhead. Conversion of parking areas to ADUs is identified as a possibility, subject to buyer verification of feasibility.
A gated, remote-controlled entrance serves 15 parking spaces: five tuck-under spaces and 10 carport spaces, each with storage overhead. Conversion of parking areas to ADUs is identified as a possibility, subject to buyer verification of feasibility.
Key Highlights
- 15 apartments with one-, two- and three‑bedroom layouts
- 10,331‑square‑foot, two‑story building with an in‑ground pool courtyard
- 15 parking spaces: 5 tuck‑under and 10 carport, each with overhead storage
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
$127,967
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
5.82%
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%
$2,559,340
$2.6M
Cap Rate 7%
$1,828,100
$1.8M
Cap Rate 9%
$1,421,856
$1.4M
Market Conditions
NOI Build-Up for 10,331 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
$234.3K $22.68/SF
− Vacancy
−$1.6K −$0.16/SF
EGI
$232.7K $22.52/SF
− OpEx
−$104.7K −$10.13/SF
NOI
$128.0K $12.39/SF
Area
Inglewood, CA
Vacancy
0.70%
Lease Rate
$22.68 /SF/Yr
Expense Ratio
45.00%
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%
$2,559,340
Cap Rate 7%
$1,828,100
Cap Rate 9%
$1,421,856
Alternative Uses
Best Use
Apartment 5plus
$1.83M
$1.60M – $2.13M
NOI $127,967 @ 7.0% cap · market cap 5.82%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.22M
$3.69M – $4.92M
NOI $295,053 @ 7.0% cap · market cap 13.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
15
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,761
Businesses Nearby
Explore this area
Business Placement
Demographics for 90304, CA
26,058
Population
7,673
Households
3.4
Avg Household Size
33
Median Age
14%
College-Educated
56%
High-School Grad
1.6 sq mi
ZIP Area
16,286
Density / Sq Mi
$63,317
Median Household Income
$31,385
Median Earnings
$1,499
Median Rent
$696,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Apartment building - Gated access, a central pool courtyard, on-site laundry and separate gas and electric meters serve a varied apartment mix.
Where is this apartment building located?
The property is located at 10130 S Inglewood Ave Inglewood, CA.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: 15 apartments with one-, two- and three‑bedroom layouts; 10,331‑square‑foot, two‑story building with an in‑ground pool courtyard; 15 parking spaces: 5 tuck‑under and 10 carport, each with overhead storage
