Four-Unit Apartment
For Sale
$999,000
Pending
309 W Buckthorn St, Inglewood, CA 90301
Residential Income, Traditional, Inglewood, CA
Property Size3,570 SF
Lot Size0.15 Acres
Days on Market61
Property Features for 309 W Buckthorn St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
INR2YY
Bedrooms
7
Bathrooms
5
Full bathrooms
5
Rooms
Bedroom 4, Bedroom 5, Bedroom 2, Bedroom 6, Bathroom 1, Bedroom 7, Bathroom 2, Bathroom 3, Bedroom 3, Bathroom 4, Bedroom 1, Bathroom 5
Parking
8
Parking features
Covered, Carport
Directions
North of Arbor Vitae St. between Eucalyptus Ave. and Inglewood Ave.
Subdivision
North Inglewood
Standard status
Pending
APN
4022-017-010
Size
3,570 SF
Lot size
0.15 Acres
Utilities
Heating system
Natural Gas
Building Details
Year built
1958
Floors in Building
2
Number of units
4
Roof type
Rolled Hot Mop
Architectural style
Other
Listing Agency:
Compass
(310) 437-7500
Listed By:
John Capiro · License #00925696
(310) 391-4544
Added: Jul 17
Changed: Sep 14
Last Checked: Sep 15 at 2:06PM
MLS# 26861453
Copyright © 2026 The MLS/CLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 3,570-square-foot quadplex contains four residential units with a flexible configuration. The primary residence includes three bedrooms and two bathrooms, while the additional apartments comprise one two-bedroom, one-bath unit and two one-bedroom, one-bath units. The property has been maintained by the same family for more than 50 years and includes covered carport parking.
Built in 1958 on a 0.1493-acre parcel, the property is located at 309 W Buckthorn St in Inglewood, California. Natural-gas heating and a rolled hot-mop roof are among the existing building features. The unit mix provides an owner-occupant arrangement with three separate income-producing apartments.
Built in 1958 on a 0.1493-acre parcel, the property is located at 309 W Buckthorn St in Inglewood, California. Natural-gas heating and a rolled hot-mop roof are among the existing building features. The unit mix provides an owner-occupant arrangement with three separate income-producing apartments.
Key Highlights
- Four‑unit configuration with one 3‑bedroom residence, one 2‑bedroom unit, and two 1‑bedroom units
- 3,570 square feet of building area on a 0.1493‑acre parcel
- Primary residence includes 3 bedrooms and 2 bathrooms
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
$50,643
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
5.07%
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%
$1,012,860
$1.0M
Cap Rate 7%
$723,471
$723.5K
Cap Rate 9%
$562,700
$562.7K
Market Conditions
NOI Build-Up for 3,570 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
$72.8K $20.40/SF
− Vacancy
−$481 −$0.13/SF
EGI
$72.3K $20.27/SF
− OpEx
−$21.7K −$6.08/SF
NOI
$50.6K $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%
$1,012,860
Cap Rate 7%
$723,471
Cap Rate 9%
$562,700
Alternative Uses
Best Use
Multifamily LT 5
$723.5K
$633.0K – $844.1K
NOI $50,643 @ 7.0% cap · market cap 5.07%
Second Best
Apartment 5plus
$631.7K
$552.8K – $737.0K
NOI $44,220 @ 7.0% cap · market cap 4.43%
Theoretical Best
Office A
$1.46M
$1.27M – $1.70M
NOI $101,959 @ 7.0% cap · market cap 10.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
2,388
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Multifamily property with an owner residence, three rental units, covered parking, and natural-gas heating.
Where is this quadplex located?
The property is located at 309 W Buckthorn St Inglewood, CA.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: Four‑unit configuration with one 3‑bedroom residence, one 2‑bedroom unit, and two 1‑bedroom units; 3,570 square feet of building area on a 0.1493‑acre parcel; Primary residence includes 3 bedrooms and 2 bathrooms
