Eight-Unit Multifamily
For Sale
$1,650,000
10613 S Inglewood Ave, Inglewood, CA 90304
Multi-structure rental property with varied unit sizes, on-site parking, and a street-to-street lot configuration.
Property Size5,528 SF
Days on Market151
Property Features for 10613 S Inglewood Ave
General Information
Standard status
Active
Size
5,528 SF
Property subtype
Multifamily
Occupancy
100%
Units
Unit Mix
1 x 3BR, 1 x 2BR, 6 x 1BR
Multifamily Units
8
Additional Details
Road Access
Yes
Amenities
Almost Half an Acre Lot - Unique Street To Street Lot
Multiple Structures Including 2 Houses, a 4-plex, and a Duplex (8 Total Units)
Ample Parking
Well-Maintained - Many Capital Improvements Made
Building Details
Building Size
5,528 SF
Buildings
4
Units
8
Listing Agency:
South Bay Office
(424) 405-3855
Listed By:
Jonathan Weir · License #CA: 02038545
(424) 405-3855
Source:
Marcusmillichap
Added: Apr 3
Changed: Aug 30
Last Checked: Aug 30 at 6:21PM
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 South Bay Office
Investment Insights
Based on property information with market context.
This eight-unit multifamily property comprises several residential structures: two single-family homes, a fourplex, and a duplex. The unit mix includes one three-bedroom residence, one two-bedroom residence, and six one-bedroom residences, creating a range of floor plan options within one property. Capital improvements have been completed, and on-site parking is available for residents.
The property occupies nearly half an acre with a street-to-street lot configuration in Inglewood, California. Its multi-building arrangement combines distinct residential components while maintaining a unified rental operation. The address is 10613 S Inglewood Ave, Inglewood, CA 90304.
The property occupies nearly half an acre with a street-to-street lot configuration in Inglewood, California. Its multi-building arrangement combines distinct residential components while maintaining a unified rental operation. The address is 10613 S Inglewood Ave, Inglewood, CA 90304.
Key Highlights
- Eight‑unit multifamily property on nearly half an acre
- Unit mix includes one 3‑bedroom, one 2‑bedroom, and six 1‑bedroom units
- Includes two single‑family homes, a fourplex, and a duplex
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
$78,419
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
4.75%
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%
$1,568,380
$1.6M
Cap Rate 7%
$1,120,271
$1.1M
Cap Rate 9%
$871,322
$871.3K
Market Conditions
NOI Build-Up for 5,528 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
$112.8K $20.40/SF
− Vacancy
−$744 −$0.13/SF
EGI
$112.0K $20.27/SF
− OpEx
−$33.6K −$6.08/SF
NOI
$78.4K $14.19/SF
Area
Inglewood, CA
Vacancy
0.66%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
30.00%
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%
$1,568,380
Cap Rate 7%
$1,120,271
Cap Rate 9%
$871,322
Alternative Uses
Best Use
Multifamily LT 5
$1.12M
$980.2K – $1.31M
NOI $78,419 @ 7.0% cap · market cap 4.75%
Second Best
Apartment 5plus
$978.2K
$855.9K – $1.14M
NOI $68,474 @ 7.0% cap · market cap 4.15%
Theoretical Best
Office A
$2.26M
$1.97M – $2.63M
NOI $157,880 @ 7.0% cap · market cap 9.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
8
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,653
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Multi-structure rental property with varied unit sizes, on-site parking, and a street-to-street lot configuration.
Where is this apartment building located?
The property is located at 10613 S Inglewood Ave Inglewood, CA.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: Eight‑unit multifamily property on nearly half an acre; Unit mix includes one 3‑bedroom, one 2‑bedroom, and six 1‑bedroom units; Includes two single‑family homes, a fourplex, and a duplex
