5-Unit Apartment
216 S Inglewood Ave Unit 4, Inglewood, CA 90301
For Sale
$1,399,900
A residential property with a secured entry, on-site laundry room, and dedicated resident parking.
Property Size4,447 SF
Days on Market21
Property Features for 216 S Inglewood Ave Unit 4
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Amenities
electric gate
surveillance system
Building Details
Building Size
Year Built
Listing Agency:
Robert Pitts Luxury Estates
Listed By:
Robert Pitts · License CA #00917764
(310) 259-4137
Source:
Evecap
Added: Oct 20
Changed: Nov 8
Last Checked: Nov 8 at 1:39PM
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 Robert Pitts Luxury Estates
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Investment Insights
Based on property information with market context.
The 4,447-square-foot apartment property was built in 1962 and contains five units: two two-bedroom apartments and three one-bedroom apartments. One of the one-bedroom units is expected to be vacant at closing. An electric gate controls entry, and the property has a surveillance system, five dedicated parking spaces, and additional storage. A laundry room is currently used by the owner.
Located in Inglewood, the property is described as minutes from LAX, local beaches, SoFi Stadium, and Intuit Dome.
Located in Inglewood, the property is described as minutes from LAX, local beaches, SoFi Stadium, and Intuit Dome.
Key Highlights
- Five apartments: two 2‑bedroom units and three 1‑bedroom units
- 4,447 square feet; built in 1962
- One 1‑bedroom apartment will be vacant at closing
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$55,084
Cap Rate
3.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,101,680
$1.1M
Cap Rate 7%
$786,914
$786.9K
Cap Rate 9%
$612,044
$612.0K
Market Conditions
NOI Build-Up for 4,447 SF
Gross rent
$100.9K $22.68/SF
− Vacancy
−$706 −$0.16/SF
EGI
$100.2K $22.52/SF
− OpEx
−$45.1K −$10.13/SF
NOI
$55.1K $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%
$1,101,680
Cap Rate 7%
$786,914
Cap Rate 9%
$612,044
Alternative Uses
Best Use
Apartment 5plus
$786.9K
$688.6K – $918.1K
NOI $55,084 @ 7.0% cap · market cap 3.93%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.81M
$1.59M – $2.12M
NOI $127,006 @ 7.0% cap · market cap 9.07%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
2,522
Businesses Nearby
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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
$698,300
Median Home Value
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Market
Average Price Trend$/SF for Apartment buildings in Inglewood, CA
Properties on Market for Apartment buildings in Inglewood
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - A residential property with a secured entry, on-site laundry room, and dedicated resident parking.
Where is this apartment building located?
The property is located at 216 S Inglewood Ave Unit 4 Inglewood, CA.
What is the asking price?
The asking price for this property is $1,399,900.
What are key features of this property?
This property features: Five apartments: two 2‑bedroom units and three 1‑bedroom units; 4,447 square feet; built in 1962; One 1‑bedroom apartment will be vacant at closing
