Rehabilitated 6-Unit Apartment
For Sale
$2,300,000
Pending
1100 S Inglewood Ave, Inglewood, CA 90301
Fully vacant, extensively modernized property with in-unit laundry, dedicated parking, and updated building systems.
Property Size5,236 SF
Days on Market69
Property Features for 1100 S Inglewood Ave
General Information
Standard status
Pending
Size
5,236 SF
Property subtype
MULTI_FAMILY
Building Details
Building Size
5,236 SF
Year Built
1963
Listing Agency:
Whiz Realty, Inc
Listed By:
Casundra Renteria · License #01989313
Source:
Evecap
Added: Aug 11
Changed: Oct 8
Last Checked: Oct 16 at 3:00PM
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 Whiz Realty, Inc
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Investment Insights
Based on property information with market context.
Built in 1963, this six-unit apartment property has been comprehensively modernized and is being offered vacant. The unit mix includes five two-bedroom, one-bath residences and one one-bedroom, one-bath residence. Improvements include new electrical service and wiring, plumbing, panels, sewer line, roof, dual-pane windows, landscaping, HVAC systems, stainless steel appliances, and in-unit laundry. Gas and electric service are individually metered. Parking includes 11 spaces across private garages and covered carports.
The building occupies a prominent corner lot in Inglewood, with natural light and separation between residences. The property is located minutes from LAX, SoFi Stadium, the Intuit Dome, the Kia Forum, and the Hollywood Park entertainment district. Projected metrics include a 6.5% CAP Rate and 10.97 GRM.
The building occupies a prominent corner lot in Inglewood, with natural light and separation between residences. The property is located minutes from LAX, SoFi Stadium, the Intuit Dome, the Kia Forum, and the Hollywood Park entertainment district. Projected metrics include a 6.5% CAP Rate and 10.97 GRM.
Key Highlights
- Six‑unit configuration: five 2‑bedroom/1‑bath units and one 1‑bedroom/1‑bath unit
- 11 total parking spaces, including private garages and covered carports
- Comprehensively updated with new electrical, plumbing, sewer line, roof, windows, and HVAC
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$64,857
Cap Rate
2.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,297,140
$1.3M
Cap Rate 7%
$926,529
$926.5K
Cap Rate 9%
$720,633
$720.6K
Market Conditions
NOI Build-Up for 5,236 SF
Gross rent
$118.8K $22.68/SF
− Vacancy
−$831 −$0.16/SF
EGI
$117.9K $22.52/SF
− OpEx
−$53.1K −$10.13/SF
NOI
$64.9K $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%
$1,297,140
Cap Rate 7%
$926,529
Cap Rate 9%
$720,633
Alternative Uses
Best Use
Apartment 5plus
$926.5K
$810.7K – $1.08M
NOI $64,857 @ 7.0% cap · market cap 2.82%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.14M
$1.87M – $2.49M
NOI $149,540 @ 7.0% cap · market cap 6.50%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,854
Businesses Nearby
Explore this area
Business Placement
Demographics for 90301, CA
36,270
Population
12,884
Households
2.8
Avg Household Size
37
Median Age
20%
College-Educated
73%
High-School Grad
2.5 sq mi
ZIP Area
14,508
Density / Sq Mi
$62,991
Median Household Income
$33,884
Median Earnings
$1,658
Median Rent
$698,300
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
Frequently Asked Questions
What type of property is this?
Apartment building - Fully vacant, extensively modernized property with in-unit laundry, dedicated parking, and updated building systems.
Where is this apartment building located?
The property is located at 1100 S Inglewood Ave Inglewood, CA.
What is the asking price?
The asking price for this property is $2,300,000.
What are key features of this property?
This property features: Six‑unit configuration: five 2‑bedroom/1‑bath units and one 1‑bedroom/1‑bath unit; 11 total parking spaces, including private garages and covered carports; Comprehensively updated with new electrical, plumbing, sewer line, roof, windows, and HVAC
