136-Unit Apartment
New
For Sale
$20,000,000
10136 S Inglewood Ave, Inglewood, CA 90304
Five-story housing includes studio and one-bedroom layouts, with income-restricted units in the mix.
Property Size46,532 SF
Days on Market5
Property Features for 10136 S Inglewood Ave
General Information
Standard status
Active
Size
46,532 SF
Property subtype
Multifamily
Occupancy
95%
Site & Location
Neighborhood
Industrial
Public Transit
Yes
Additional Details
Multifamily Units
136
Amenities
secure bike spaces
New 2026 construction offered at $147,059 per unit, 44% below the $261K average of four recent new-construction sales in South LA
7.11% projected cap rate, about 170 bps above the Los Angeles average of 5.37% (Q2 2026), with a 1.41 DCR at 65% leverage
136 units where 13 are allowed by right via ministerial County density-bonus approval; the housing permit does not expire and the building may be rebuilt at the same unit count
Unincorporated LA County (Lennox): no Measure ULA, no County rent cap on the 124 market-rate units, and exempt from AB 1482 for 15 years
About a mile from Intuit Dome and the LAX/Metro Transit Center and 1.4 miles from SoFi Stadium; Metro 117 bus half a block away and 148 secure bike spaces on site
Building Details
Building Size
46,532 SF
Year Built
2026
Buildings
1
Stories
5
Units
136
Listing Agency:
Encino Office
Listed By:
Sam Liberow · License #License(s): CA: 01933858, CA: 02031850
(818) 212-2795
Source:
Marcusmillichap
Added: Oct 24
Changed: Oct 26
Last Checked: Oct 28 at 5:45AM
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 Encino Office
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Investment Insights
Based on property information with market context.
This five-story apartment community contains 136 units, primarily studios and one-bedrooms averaging approximately 233 square feet. The unit mix includes 124 market-rate apartments, including the manager’s unit, and 12 income-restricted apartments. The property was built in 2026 and is being offered before its certificate of occupancy. LA County Regional Planning approved the project ministerially as a density-bonus housing development.
The property is in Lennox, half a block south of Century Boulevard, between LAX and the Inglewood sports and entertainment district. Metro’s C and K Lines are less than a mile away. The building has 148 secure bicycle spaces and does not require car parking. A projected 7.11% cap rate is based on rents of $1,250 for studios and $1,450 for one-bedrooms.
The property is in Lennox, half a block south of Century Boulevard, between LAX and the Inglewood sports and entertainment district. Metro’s C and K Lines are less than a mile away. The building has 148 secure bicycle spaces and does not require car parking. A projected 7.11% cap rate is based on rents of $1,250 for studios and $1,450 for one-bedrooms.
Key Highlights
- 136 apartments across five stories
- Studios and one‑bedrooms average ±233 SF
- Unit mix: 124 market‑rate units, including the manager's unit, and 12 income‑restricted units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$576,377
Cap Rate
2.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$11,527,540
$11.5M
Cap Rate 7%
$8,233,957
$8.2M
Cap Rate 9%
$6,404,189
$6.4M
Market Conditions
NOI Build-Up for 46,532 SF
Gross rent
$1.06M $22.68/SF
− Vacancy
−$7.4K −$0.16/SF
EGI
$1.05M $22.52/SF
− OpEx
−$471.6K −$10.13/SF
NOI
$576.4K $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 Rate 5%
$11,527,540
Cap Rate 7%
$8,233,957
Cap Rate 9%
$6,404,189
Alternative Uses
Best Use
Apartment 5plus
$8.23M
$7.20M – $9.61M
NOI $576,377 @ 7.0% cap · market cap 2.88%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$18.99M
$16.61M – $22.15M
NOI $1,328,954 @ 7.0% cap · market cap 6.64%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Lease Details
136
Residential units
Location Intelligence
Trade Area within ½ mile
1,592
Businesses Nearby
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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
Frequently Asked Questions
What type of property is this?
Apartment building - Five-story housing includes studio and one-bedroom layouts, with income-restricted units in the mix.
Where is this apartment building located?
The property is located at 10136 S Inglewood Ave Inglewood, CA.
What is the asking price?
The asking price for this property is $20,000,000.
What are key features of this property?
This property features: 136 apartments across five stories; Studios and one‑bedrooms average ±233 SF; Unit mix: 124 market‑rate units, including the manager's unit, and 12 income‑restricted units
