Duplex with Separate
For Sale
$950,000
Pending
1235 N Wexham, Inglewood, CA 90302
Two-unit duplex featuring two bedrooms-and-one-bath front and three-bed/two-bath back layouts, each with its own garage.
Property Size2,058 SF
Days on Market128
Property Features for 1235 N Wexham
General Information
Standard status
Pending
Size
2,058 SF
Property subtype
MULTI_FAMILY
Additional Details
Highway Access
Yes
Building Details
Building Size
2,058 SF
Year Built
1959
Listing Agency:
Mulhearn Realtors
Listed By:
Blanca Reyes · License #01428499
(323) 563-8813
Source:
Milsteinestates
Added: May 11
Changed: Sep 10
Last Checked: Sep 15 at 9:15AM
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 Mulhearn Realtors
Investment Insights
Based on property information with market context.
A duplex in Inglewood with two separate units, each accessed by its own entrance and garage. The front unit offers 2 bedrooms and 1 bathroom, while the back unit offers 3 bedrooms and 2 bathrooms. Both units will be delivered vacant.
The property is described as being in a quiet neighborhood and is positioned near major destinations including SoFi Stadium, Kia Forum, Intuit Dome, LAX, Fox Hills Mall, beaches, Santa Monica Pier, and Downtown Los Angeles, with convenient access to the 405, 110, and 10 freeways.
This configuration supports a straightforward income-property setup with separate entry points for each unit.
The property is described as being in a quiet neighborhood and is positioned near major destinations including SoFi Stadium, Kia Forum, Intuit Dome, LAX, Fox Hills Mall, beaches, Santa Monica Pier, and Downtown Los Angeles, with convenient access to the 405, 110, and 10 freeways.
This configuration supports a straightforward income-property setup with separate entry points for each unit.
Key Highlights
- 1959‑built two‑unit duplex in Inglewood with a 2BR/1BA front unit and a 3BR/2BA back unit
- Each unit has a separate entrance and its own garage
- Units will be delivered vacant
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
$29,194
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
3.07%
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%
$583,880
$583.9K
Cap Rate 7%
$417,057
$417.1K
Cap Rate 9%
$324,378
$324.4K
Market Conditions
NOI Build-Up for 2,058 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
$42.0K $20.40/SF
− Vacancy
−$277 −$0.13/SF
EGI
$41.7K $20.27/SF
− OpEx
−$12.5K −$6.08/SF
NOI
$29.2K $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%
$583,880
Cap Rate 7%
$417,057
Cap Rate 9%
$324,378
Alternative Uses
Best Use
Multifamily LT 5
$417.1K
$364.9K – $486.6K
NOI $29,194 @ 7.0% cap · market cap 3.07%
Second Best
Apartment 5plus
$364.2K
$318.7K – $424.9K
NOI $25,492 @ 7.0% cap · market cap 2.68%
Theoretical Best
Office A
$839.7K
$734.7K – $979.6K
NOI $58,776 @ 7.0% cap · market cap 6.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
918
Businesses Nearby
Explore this area
Business Placement
Demographics for 90302, CA
29,264
Population
11,366
Households
2.6
Avg Household Size
36
Median Age
30%
College-Educated
81%
High-School Grad
1.9 sq mi
ZIP Area
15,402
Density / Sq Mi
$72,461
Median Household Income
$37,675
Median Earnings
$1,784
Median Rent
$731,300
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
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit duplex featuring two bedrooms-and-one-bath front and three-bed/two-bath back layouts, each with its own garage.
Where is this duplex located?
The property is located at 1235 N Wexham Inglewood, CA.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: 1959‑built two‑unit duplex in Inglewood with a 2BR/1BA front unit and a 3BR/2BA back unit; Each unit has a separate entrance and its own garage; Units will be delivered vacant
