4-Unit Multifamily
For Sale
$1,395,000
304 N Market, Inglewood, CA 90302
Unit mix includes three-bedroom, two-bedroom, and one-bedroom residences with on-site laundry.
Property Size3,908 SF
Lot Size0.12 Acres
Price / SF$356.96
Days on Market17
Property Features for 304 N Market
General Information
Standard status
Active
Size
3,908 SF
Lot size
0.12 Acres
Property subtype
MULTI_FAMILY
Units
Unit Mix
1 x 3BR/2BA, 2 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units
4
Amenities
on-site laundry room
Building Details
Building Size
3,908 SF
Year Built
1960
Buildings
1
Listing Agency:
Keller Williams Realty-Studio City
(818) 984-6964
Listed By:
Yunus Hopkinson · License #02071440
Source:
Evecap
Added: Aug 13
Changed: Aug 24
Last Checked: Aug 29 at 3:48PM
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 Keller Williams Realty-Studio City
Investment Insights
Based on property information with market context.
Built in 1960, this four-unit multifamily property contains 3,908 square feet on a 5,300-square-foot lot at 304 N Market in Inglewood. The configuration includes one 3-bedroom/2-bath residence, two 2-bedroom/1-bath residences, and one 1-bedroom/1-bath residence. An on-site laundry room serves the building, while the roof is reported to be approximately 8 years old.
The property is near downtown Inglewood and the Market Street corridor, with SoFi Stadium, The Forum, and Intuit Dome nearby. A detached garage and an under-building garage are identified as possible ADU conversion opportunities, subject to City of Inglewood zoning and lot coverage requirements and buyer verification. Walk Score is 78, Bike Score is 45, and Transit Score is 34.
The property is near downtown Inglewood and the Market Street corridor, with SoFi Stadium, The Forum, and Intuit Dome nearby. A detached garage and an under-building garage are identified as possible ADU conversion opportunities, subject to City of Inglewood zoning and lot coverage requirements and buyer verification. Walk Score is 78, Bike Score is 45, and Transit Score is 34.
Key Highlights
- 3,908‑SF fourplex on a 5,300‑SF lot
- Unit mix: one 3‑bedroom/2‑bath, two 2‑bedroom/1‑bath, and one 1‑bedroom/1‑bath units
- On‑site laundry room
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
$55,438
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
3.97%
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%
$1,108,760
$1.1M
Cap Rate 7%
$791,971
$792.0K
Cap Rate 9%
$615,978
$616.0K
Market Conditions
NOI Build-Up for 3,908 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
$79.7K $20.40/SF
− Vacancy
−$526 −$0.13/SF
EGI
$79.2K $20.27/SF
− OpEx
−$23.8K −$6.08/SF
NOI
$55.4K $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%
$1,108,760
Cap Rate 7%
$791,971
Cap Rate 9%
$615,978
Alternative Uses
Best Use
Multifamily LT 5
$792.0K
$693.0K – $924.0K
NOI $55,438 @ 7.0% cap · market cap 3.97%
Second Best
Apartment 5plus
$691.5K
$605.1K – $806.8K
NOI $48,407 @ 7.0% cap · market cap 3.47%
Theoretical Best
Office A
$1.59M
$1.40M – $1.86M
NOI $111,612 @ 7.0% cap · market cap 8.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
2,745
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
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 - Unit mix includes three-bedroom, two-bedroom, and one-bedroom residences with on-site laundry.
Where is this quadplex located?
The property is located at 304 N Market Inglewood, CA.
What is the asking price?
The asking price for this property is $1,395,000.
What are key features of this property?
This property features: 3,908‑SF fourplex on a 5,300‑SF lot; Unit mix: one 3‑bedroom/2‑bath, two 2‑bedroom/1‑bath, and one 1‑bedroom/1‑bath units; On‑site laundry room
