5-Unit Apartment
For Sale
$1,250,000
10605 Buford Avenue, Inglewood, CA 90304
Four two-bedroom units and one three-bedroom unit create a balanced residential income configuration.
Property Size4,195 SF
Lot Size0.29 Acres
Price / SF$297.97
Days on Market111
Property Features for 10605 Buford Avenue
General Information
Standard status
Active
Size
4,195 SF
Total Parking Spaces
5
Lot size
0.29 Acres
Property subtype
Apartment
Financials
Cap Rate
6.32%
Gross Rent Multiplier
10.8
Units
Unit Mix
4 x 2BR/1BA, 1 x 3BR/2BA
Multifamily Units
5
Amenities
private yard areas
Building Details
Year Built
1957
Stories
1
Listing Agency:
Lyon Stahl Investment Real Estate
Listed By:
Brett Lyon · License #01717818
(310) 780-1899
Source:
Kw
Added: Jun 23
Changed: Oct 10
Last Checked: Oct 9 at 6:49PM
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 Lyon Stahl Investment Real Estate
Investment Insights
Based on property information with market context.
This five-unit apartment property contains approximately 4,195 square feet on a 12,737-square-foot lot. The unit mix includes four two-bedroom, one-bathroom residences and one three-bedroom, two-bathroom residence. Constructed in 1957, the property also includes five garages with remote-controlled electric openers and private yard areas serving the front and rear units.
Financial metrics include a 6.32% Current CAP Rate and a 10.80 Current GRM, with projected market metrics of an 8.11% Market CAP Rate and an 8.60 Market GRM. The property is positioned near LAX, major transportation corridors, retail amenities, and employment centers across the South Bay and greater Los Angeles area.
Financial metrics include a 6.32% Current CAP Rate and a 10.80 Current GRM, with projected market metrics of an 8.11% Market CAP Rate and an 8.60 Market GRM. The property is positioned near LAX, major transportation corridors, retail amenities, and employment centers across the South Bay and greater Los Angeles area.
Key Highlights
- Five‑unit apartment property with approximately 4,195 square feet
- Unit mix includes four 2‑bedroom/1‑bathroom units and one 3‑bedroom/2‑bathroom unit
- 12,737‑square‑foot lot with private yard areas for front and rear units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,962
Cap Rate
4.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,039,240
$1.0M
Cap Rate 7%
$742,314
$742.3K
Cap Rate 9%
$577,356
$577.4K
Market Conditions
NOI Build-Up for 4,195 SF
Gross rent
$95.1K $22.68/SF
− Vacancy
−$666 −$0.16/SF
EGI
$94.5K $22.52/SF
− OpEx
−$42.5K −$10.13/SF
NOI
$52.0K $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 Rate 5%
$1,039,240
Cap Rate 7%
$742,314
Cap Rate 9%
$577,356
Alternative Uses
Best Use
Apartment 5plus
$742.3K
$649.5K – $866.0K
NOI $51,962 @ 7.0% cap · market cap 4.16%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.71M
$1.50M – $2.00M
NOI $119,809 @ 7.0% cap · market cap 9.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
1,353
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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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Apartment building - Four two-bedroom units and one three-bedroom unit create a balanced residential income configuration.
Where is this apartment building located?
The property is located at 10605 Buford Avenue Inglewood, CA.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Five‑unit apartment property with approximately 4,195 square feet; Unit mix includes four 2‑bedroom/1‑bathroom units and one 3‑bedroom/2‑bathroom unit; 12,737‑square‑foot lot with private yard areas for front and rear units
