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    New Construction Multi-Unit Luxury Property Title is generated by Realmo AI

    642 E Fairview Blvd, Inglewood, CA 90302

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    For Sale
    $2,500,000

    High-end, new construction multi-unit property in a rapidly improving neighborhood.

    Type:Investment
    Added:
    Apr 24, 2026
    Days on Market:
    40
    Last Refresh:
    Apr 24 at 5:48 pm

    Property Features for 642 E Fairview Blvd

    General Information

    Standard status
    Active
    Property subtype
    Investment

    Building Details

    Year Built
    2026

    We can help!

    Listing Contact
    Aazim Rajani

    Listing agent Aazim Rajani License #01971239

    Listing office Realty ONE Group United

    Listing date Apr 24, 2026

    Source Elliman

    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 Realty ONE Group United

    HighLights

    • New construction luxury development featuring two 4‑bedroom townhomes and a detached 2‑bedroom ADU.
    • Potential to convert garages into additional studio units, increasing the unit count to 5 and boosting income.
    • High‑end finishes, modern design, and spacious layouts throughout each residence.
    • Located in a rapidly improving Inglewood neighborhood with strong tenant demand and new amenities.
    • Potential for Airbnb/short‑term rental operation to increase returns.
    • Durable construction designed for long‑term ownership, premium rents, and minimal maintenance.

    Overview

    Located in a rapidly improving residential neighborhood of Inglewood, 642 E Fairview Blvd is a new construction multi-unit property. This luxury development features two attached 4-bedroom townhomes and a detached 2-bedroom ADU. The residences are built with craftsmanship and finishes. Each residence features a modern design with materials, designer fixtures, open layouts, and private garages. The construction quality is suitable for owners or investors seeking long-term durability, rents, and minimal maintenance. The garages can be converted into additional studio units, giving the property the potential to operate as up to 5 units. The neighborhood is surrounded by residential redevelopment, tenant demand, new cafés, and parks. This property offers earning power in a high-growth area and potential for short-term rental operation. The walk score is 70, indicating it is somewhat walkable, the bike score is 38, indicating it is somewhat bikeable, and the transit score is 49, indicating some transit options are available.
    Location Intelligence

    Current Use by Public Records

    Short term rental ...

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Inglewood
    County
    Los Angeles
    State
    California
    Longitude
    -118.3468099
    Latitude
    33.9806298

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    FAQs

    What type of property is this?
    Multifamily property - High-end, new construction multi-unit property in a rapidly improving neighborhood.
    Where is this multifamily property located?
    The property is located at 642 E Fairview Blvd Inglewood, CA.
    What is the asking price?
    The asking price for this property is $2,500,000.
    What are key features of this property?
    This property features: New construction luxury development featuring two 4‑bedroom townhomes and a detached 2‑bedroom ADU.; Potential to convert garages into additional studio units, increasing the unit count to 5 and boosting income.; **High‑end finishes, modern design, and spacious layouts throughout each residence.**
    (310) 951-0801
    We can help!
    Listing Contact
    Aazim Rajani
    Real Estate License ID: 01971239
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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