9-Unit Apartment
For Sale
$1,948,000
10203 England Ave, Inglewood, CA 90303
Mixed one- and two-bedroom residences with garage parking, laundry, storage, and two currently vacant units.
Property Size5,994 SF
Days on Market48
Property Features for 10203 England Ave
General Information
Standard status
Active
Size
5,994 SF
Property subtype
Investment
Site & Location
Neighborhood
Lockhaven
Building Details
Building Size
5,994 SF
Year Built
1956
Stories
2
Units
9
Listed By:
Michael Hermosillo
Source:
Elliman
Added: Sep 11
Changed: Oct 27
Last Checked: Oct 26 at 4:17PM
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 Michael Hermosillo
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Investment Insights
Based on property information with market context.
This 9-unit apartment property at 10203 England Ave in Inglewood contains approximately 5,994 square feet on a 9,052-square-foot lot. The unit mix includes six 1-bedroom/1-bath residences and three 2-bedroom/1-bath residences. Improvements include new dual-pane windows and 10 enclosed garage parking spaces. Two 1-bedroom units are currently vacant, while on-site laundry and storage provide additional income sources.
The property was built in 1956 and is located near SoFi Stadium, Hollywood Park, Intuit Dome, and Kia Forum. WalkScore is 78, BikeScore is 57, and TransitScore is 56, reflecting access to nearby entertainment, dining, shopping, employment centers, and transportation options throughout the greater Los Angeles area.
The property was built in 1956 and is located near SoFi Stadium, Hollywood Park, Intuit Dome, and Kia Forum. WalkScore is 78, BikeScore is 57, and TransitScore is 56, reflecting access to nearby entertainment, dining, shopping, employment centers, and transportation options throughout the greater Los Angeles area.
Key Highlights
- 9‑unit apartment property with six 1‑bedroom/1‑bath and three 2‑bedroom/1‑bath units
- Approximately 5,994 SF of building area on a 9,052 SF lot
- 10 enclosed garage parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$74,246
Cap Rate
3.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,484,920
$1.5M
Cap Rate 7%
$1,060,657
$1.1M
Cap Rate 9%
$824,956
$825.0K
Market Conditions
NOI Build-Up for 5,994 SF
Gross rent
$135.9K $22.68/SF
− Vacancy
−$952 −$0.16/SF
EGI
$135.0K $22.52/SF
− OpEx
−$60.7K −$10.13/SF
NOI
$74.2K $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%
$1,484,920
Cap Rate 7%
$1,060,657
Cap Rate 9%
$824,956
Alternative Uses
Best Use
Apartment 5plus
$1.06M
$928.1K – $1.24M
NOI $74,246 @ 7.0% cap · market cap 3.81%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.45M
$2.14M – $2.85M
NOI $171,189 @ 7.0% cap · market cap 8.79%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Location Intelligence
Trade Area within ½ mile
648
Businesses Nearby
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Business Placement
Demographics for 90303, CA
24,490
Population
7,354
Households
3.3
Avg Household Size
35
Median Age
18%
College-Educated
73%
High-School Grad
1.9 sq mi
ZIP Area
12,889
Density / Sq Mi
$70,853
Median Household Income
$36,292
Median Earnings
$1,709
Median Rent
$764,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Mixed one- and two-bedroom residences with garage parking, laundry, storage, and two currently vacant units.
Where is this apartment building located?
The property is located at 10203 England Ave Inglewood, CA.
What is the asking price?
The asking price for this property is $1,948,000.
What are key features of this property?
This property features: 9‑unit apartment property with six 1‑bedroom/1‑bath and three 2‑bedroom/1‑bath units; Approximately 5,994 SF of building area on a 9,052 SF lot; 10 enclosed garage parking spaces
