12-Unit Multifamily
For Sale
$3,015,000
10841 S Prairie, Inglewood, CA 90303
Well-maintained 12-unit apartment building with a new roof, including community laundry and on-site parking.
Property Size8,662 SF
Lot Size0.30 Acres
Days on Market92
Property Features for 10841 S Prairie
General Information
Standard status
Active
Size
8,662 SF
Total Parking Spaces
16
Lot size
0.30 Acres
Property subtype
Mixed Use
Additional Details
Multifamily Units
12
Amenities
community laundry facility
Building Details
Building Size
8,662 SF
Year Built
1963
Listing Agency:
Big Block Powerhouse Realty
Listed By:
Juan Beltran · License #01802418
(323) 562-7777
Source:
Velocityrealtysd
Added: Jul 17
Changed: Oct 15
Last Checked: Oct 15 at 7:37AM
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 Big Block Powerhouse Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This well-maintained 12-unit multifamily property features a unit mix of ten one-bedroom, one-bathroom units and two two-bedroom, one-bathroom units. The building is sited on a 13,284-square-foot lot and includes a new roof. Residents benefit from approximately 16 on-site parking spaces and a centrally located community laundry facility.
The property is located in Inglewood, with proximity to SoFi Stadium, the Intuit Dome, and the Hollywood Park development. It also provides access to Los Angeles International Airport (LAX) and nearby Westside communities including Culver City, Marina del Rey, Santa Monica, and Venice.
The offering is positioned around functional residential amenities and a straightforward 1-bedroom/2-bedroom configuration within a modest-size apartment community.
The property is located in Inglewood, with proximity to SoFi Stadium, the Intuit Dome, and the Hollywood Park development. It also provides access to Los Angeles International Airport (LAX) and nearby Westside communities including Culver City, Marina del Rey, Santa Monica, and Venice.
The offering is positioned around functional residential amenities and a straightforward 1-bedroom/2-bedroom configuration within a modest-size apartment community.
Key Highlights
- Well‑maintained 12‑unit multifamily property built in 1963
- Unit mix: 10 one‑bedroom, one‑bath units and 2 two‑bedroom, one‑bath units
- 13,284 SF lot with a new roof
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$107,293
Cap Rate
3.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,145,860
$2.1M
Cap Rate 7%
$1,532,757
$1.5M
Cap Rate 9%
$1,192,144
$1.2M
Market Conditions
NOI Build-Up for 8,662 SF
Gross rent
$196.5K $22.68/SF
− Vacancy
−$1.4K −$0.16/SF
EGI
$195.1K $22.52/SF
− OpEx
−$87.8K −$10.13/SF
NOI
$107.3K $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%
$2,145,860
Cap Rate 7%
$1,532,757
Cap Rate 9%
$1,192,144
Alternative Uses
Best Use
Apartment 5plus
$1.53M
$1.34M – $1.79M
NOI $107,293 @ 7.0% cap · market cap 3.56%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.53M
$3.09M – $4.12M
NOI $247,387 @ 7.0% cap · market cap 8.21%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
12
Residential units
Location Intelligence
Trade Area within ½ mile
1,270
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Well-maintained 12-unit apartment building with a new roof, including community laundry and on-site parking.
Where is this apartment building located?
The property is located at 10841 S Prairie Inglewood, CA.
What is the asking price?
The asking price for this property is $3,015,000.
What are key features of this property?
This property features: Well‑maintained 12‑unit multifamily property built in 1963; Unit mix: 10 one‑bedroom, one‑bath units and 2 two‑bedroom, one‑bath units; 13,284 SF lot with a new roof
