Four-Unit Apartment
For Sale
$999,000
Pending
309 W Buckthorn St Unit 1, Inglewood, CA 90301
Unit mix includes an owner residence and three additional apartments.
Property Size3,570 SF
Days on Market48
Property Features for 309 W Buckthorn St Unit 1
General Information
Standard status
Pending
Size
3,570 SF
Property subtype
MULTI_FAMILY
Units
Unit Mix
1 x 3BR/2BA, 1 x 2BR/1BA, 2 x 1BR/1BA
Multifamily Units
4
Building Details
Building Size
3,570 SF
Year Built
1958
Listing Agency:
Compass
Listed By:
John Capiro · License #00925696
(310) 391-4544
Source:
Evecap
Added: Jul 17
Changed: Aug 31
Last Checked: Sep 2 at 12:08AM
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 Compass
Investment Insights
Based on property information with market context.
This 1958 quadplex comprises four residential units with a varied configuration. The primary residence provides three bedrooms and two bathrooms, while the remaining apartments include one two-bedroom, one-bath unit and two one-bedroom, one-bath units.
The property has remained under the care of the same family for more than five decades. Three additional units provide rental income, and the property is occupied by long-term tenants. The layout supports an owner-occupant arrangement with separate apartments on the property.
The property has remained under the care of the same family for more than five decades. Three additional units provide rental income, and the property is occupied by long-term tenants. The layout supports an owner-occupant arrangement with separate apartments on the property.
Key Highlights
- Four‑unit residential property built in 1958
- Owner residence with 3 bedrooms and 2 bathrooms
- One 2‑bedroom, 1‑bath apartment
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
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
2,310
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
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 an owner residence and three additional apartments.
Where is this quadplex located?
The property is located at 309 W Buckthorn St Unit 1 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 residential property built in 1958; Owner residence with 3 bedrooms and 2 bathrooms; One 2‑bedroom, 1‑bath apartment
