20-Unit Apartment
New
For Sale
$2,850,000
10206 S Inglewood Ave, Inglewood, CA 90304
Two adjacent structures provide a uniform one-bedroom layout, gated parking, and separate laundry rooms.
Property Size13,052 SF
Days on Market5
Property Features for 10206 S Inglewood Ave
General Information
Standard status
Active
Size
13,052 SF
Total Parking Spaces
20
Property subtype
MULTI_FAMILY
Financials
Asking Price
$2,850,000
Cap Rate
6.49%
Gross Rent Multiplier
8.07
Site & Location
Road Access
Yes
Utilities to Site
Yes
Units
Unit Mix
20 x 1BR/1BA
Multifamily Units
20
Amenities
on-site laundry
playground
Building Details
Building Size
13,052 SF
Year Built
1963
Buildings
2
Listing Agency:
Marcus & Millichap
Listed By:
Neema Ahadian · License #01346750
(310) 909-5444
Source:
Evecap
Added: Sep 23
Changed: Sep 26
Last Checked: Sep 26 at 3:05PM
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 20-unit apartment property in Inglewood consists of two side-by-side buildings, each with one-bedroom, one-bathroom residences. Gated tuck-under parking provides approximately 20 spaces across the property, with individual storage above each space. Each building has its own laundry room, equipped with two washers and two dryers. A shared playground and recreation area is located behind the buildings.
Newer windows are installed throughout both structures. Select apartments have tile flooring, granite kitchen countertops, and mini-split A/C. Electricity is separately metered for each unit, and dedicated electrical components serve individual A/C systems and bathroom exhaust fans. The property was built in 1963.
Newer windows are installed throughout both structures. Select apartments have tile flooring, granite kitchen countertops, and mini-split A/C. Electricity is separately metered for each unit, and dedicated electrical components serve individual A/C systems and bathroom exhaust fans. The property was built in 1963.
Key Highlights
- 20 apartments, all configured with one bedroom and one bathroom
- Two separate buildings, each with its own laundry room and two washers and two dryers
- Gated tuck‑under parking with approximately 20 spaces and storage above each space
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
$161,671
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
5.67%
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%
$3,233,420
$3.2M
Cap Rate 7%
$2,309,586
$2.3M
Cap Rate 9%
$1,796,344
$1.8M
Market Conditions
NOI Build-Up for 13,052 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
$296.0K $22.68/SF
− Vacancy
−$2.1K −$0.16/SF
EGI
$293.9K $22.52/SF
− OpEx
−$132.3K −$10.13/SF
NOI
$161.7K $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%
$3,233,420
Cap Rate 7%
$2,309,586
Cap Rate 9%
$1,796,344
Alternative Uses
Best Use
Apartment 5plus
$2.31M
$2.02M – $2.69M
NOI $161,671 @ 7.0% cap · market cap 5.67%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.33M
$4.66M – $6.21M
NOI $372,765 @ 7.0% cap · market cap 13.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
20
Residential units
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,592
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 - Two adjacent structures provide a uniform one-bedroom layout, gated parking, and separate laundry rooms.
Where is this apartment building located?
The property is located at 10206 S Inglewood Ave Inglewood, CA.
What is the asking price?
The asking price for this property is $2,850,000.
What are key features of this property?
This property features: 20 apartments, all configured with one bedroom and one bathroom; Two separate buildings, each with its own laundry room and two washers and two dryers; Gated tuck‑under parking with approximately 20 spaces and storage above each space
