Mixed-Use Retail and
For Sale
$1,200,000
11116 Prairie, Inglewood, CA 90303
Two street-facing retail units sit in front of four residential units in a property built in 1922.
Property Size2,880 SF
Price / SF$416.67
Days on Market49
Property Features for 11116 Prairie
General Information
Standard status
Active
Size
2,880 SF
Property subtype
General Commercial
Additional Details
Multifamily Units
4
Amenities
3
Rectangular
Rectangular.
Building Details
Year Built
1922
Tenancy
Multi
Listing Agency:
RE/MAX 2000 REALTY
(626) 964-8999
Listed By:
Jorge Marquez · License #02083204
Source:
Xome
Added: Jun 28
Changed: Aug 8
Last Checked: Aug 14 at 4:42AM
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 RE/MAX 2000 REALTY
Investment Insights
Based on property information with market context.
This mixed-use property features two street-facing commercial retail units with existing operations, including a bakery and a party supply shop. Behind the retail storefronts, there are four residential units, creating a combined retail-and-housing layout. The building was constructed in 1922.
Located on the South Prairie Avenue corridor in Inglewood, the property is described as being near major destinations including SoFi Stadium, Intuit Dome, Hollywood Park, and the Metro K Line.
Showings are by appointment with an accepted offer or pre-qualification only, and tenants should not be disturbed. All information is deemed reliable but not guaranteed, and buyers are advised to verify uses, permits, and zoning.
Located on the South Prairie Avenue corridor in Inglewood, the property is described as being near major destinations including SoFi Stadium, Intuit Dome, Hollywood Park, and the Metro K Line.
Showings are by appointment with an accepted offer or pre-qualification only, and tenants should not be disturbed. All information is deemed reliable but not guaranteed, and buyers are advised to verify uses, permits, and zoning.
Key Highlights
- Two street‑facing commercial retail units in front of four residential units in a mixed‑use property
- Built in 1922
- Retail units are currently operating as a bakery and a party supply shop
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
$72,798
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
6.07%
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%
$1,455,960
$1.5M
Cap Rate 7%
$1,039,971
$1.0M
Cap Rate 9%
$808,867
$808.9K
Market Conditions
NOI Build-Up for 2,880 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
$106.4K $36.96/SF
− Vacancy
−$2.4K −$0.85/SF
EGI
$104.0K $36.11/SF
− OpEx
−$31.2K −$10.83/SF
NOI
$72.8K $25.28/SF
Area
Inglewood, CA
Vacancy
2.30%
Lease Rate
$36.96 /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%
$1,455,960
Cap Rate 7%
$1,039,971
Cap Rate 9%
$808,867
Alternative Uses
Best Use
Retail
$1.04M
$910.0K – $1.21M
NOI $72,798 @ 7.0% cap · market cap 6.07%
Second Best
Mixed Use
$709.7K
$621.0K – $828.0K
NOI $49,680 @ 7.0% cap · market cap 4.14%
Theoretical Best
Office A
$1.18M
$1.03M – $1.37M
NOI $82,253 @ 7.0% cap · market cap 6.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,009
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Two street-facing retail units sit in front of four residential units in a property built in 1922.
Where is this quadplex located?
The property is located at 11116 Prairie Inglewood, CA.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Two street‑facing commercial retail units in front of four residential units in a mixed‑use property; Built in 1922; Retail units are currently operating as a bakery and a party supply shop
