Rehabilitated 6-Unit Apartment
For Sale
$2,300,000
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 Market21
Property Features for 1100 S Inglewood Ave
General Information
Standard status
Active
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: Aug 30
Last Checked: Aug 30 at 6:30PM
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
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 = 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
$64,857
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
2.82%
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%
$1,297,140
$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
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
$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 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%
$1,297,140
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.
Property Analytics
Property Profile
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
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 - 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
