Five-Unit Residential
For Sale
$1,100,000
1042 N Market, Inglewood, CA 90302
Five-unit property with four two-bedroom units, one one-bedroom unit, and private garages for four units.
Property Size5,037 SF
Days on Market132
Property Features for 1042 N Market
General Information
Standard status
Active
Size
5,037 SF
Total Parking Spaces
4
Property subtype
Multi Family
Site & Location
Neighborhood
Fairview Heights
Additional Details
Multifamily Units
5
Taxes and HOA fees
Annual Taxes
$5,878
Building Details
Building Size
5,037 SF
Year Built
1953
Listing Agency:
COMMONWEALTH REALTY GROUP
Listed By:
DOROTHY MACIAS · License #02044858
(562) 418-4062
Source:
Archetyperealty
Added: Jun 14
Changed: Oct 10
Last Checked: Oct 21 at 7:18AM
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 COMMONWEALTH REALTY GROUP
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Investment Insights
Based on property information with market context.
This five-unit residential investment property includes four two-bedroom, one-bath units and one one-bedroom, one-bath unit. Four of the units have their own private garages, and the property also features two courtyard areas that can serve as outdoor space for tenants. The property is described as a fixer-upper and is located in FEMA flood zone X, indicating minimal flood risk.
The property is in Inglewood and is noted as being conveniently close to major attractions including the future Clippers Arena, the Kia Forum, LAX, SoFi Stadium, and nearby shopping, as well as the Beach Cities. Los Angeles International Airport (LAX) is described as approximately 4.5 miles away. WalkScore is listed as 83, BikeScore as 59, and transitScore as 51.
The property is in Inglewood and is noted as being conveniently close to major attractions including the future Clippers Arena, the Kia Forum, LAX, SoFi Stadium, and nearby shopping, as well as the Beach Cities. Los Angeles International Airport (LAX) is described as approximately 4.5 miles away. WalkScore is listed as 83, BikeScore as 59, and transitScore as 51.
Key Highlights
- Five‑unit investment property built in 1953
- Unit mix: four 2‑bedroom/1‑bath units plus one 1‑bedroom/1‑bath unit
- Private garages for 4 of the 5 units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$62,392
Cap Rate
5.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,247,840
$1.2M
Cap Rate 7%
$891,314
$891.3K
Cap Rate 9%
$693,244
$693.2K
Market Conditions
NOI Build-Up for 5,037 SF
Gross rent
$114.2K $22.68/SF
− Vacancy
−$800 −$0.16/SF
EGI
$113.4K $22.52/SF
− OpEx
−$51.0K −$10.13/SF
NOI
$62.4K $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%
$1,247,840
Cap Rate 7%
$891,314
Cap Rate 9%
$693,244
Alternative Uses
Best Use
Apartment 5plus
$891.3K
$779.9K – $1.04M
NOI $62,392 @ 7.0% cap · market cap 5.67%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.06M
$1.80M – $2.40M
NOI $143,857 @ 7.0% cap · market cap 13.08%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
1,063
Businesses Nearby
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Business Placement
Demographics for 90302, CA
29,264
Population
11,366
Households
2.6
Avg Household Size
36
Median Age
30%
College-Educated
81%
High-School Grad
1.9 sq mi
ZIP Area
15,402
Density / Sq Mi
$72,461
Median Household Income
$37,675
Median Earnings
$1,784
Median Rent
$731,300
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 - Five-unit property with four two-bedroom units, one one-bedroom unit, and private garages for four units.
Where is this apartment building located?
The property is located at 1042 N Market Inglewood, CA.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Five‑unit investment property built in 1953; Unit mix: four 2‑bedroom/1‑bath units plus one 1‑bedroom/1‑bath unit; Private garages for 4 of the 5 units
