Four-Unit
For Sale
$1,125,000
315 W Queen St, Inglewood, CA 90301
Fully occupied multifamily property with a mix of one- and two-bedroom units.
Property Size2,666 SF
Lot Size0.27 Acres
Price / SF$421.98
Days on Market73
Property Features for 315 W Queen St
General Information
Standard status
Active
Size
2,666 SF
Lot size
0.27 Acres
Property subtype
MULTI_FAMILY
Occupancy
100%
Financials
Cap Rate
6%
Gross Income
$93,312
Units
Unit Mix
2 x 2BR/1BA, 2 x 1BR/1BA
Multifamily Units
4
Building Details
Building Size
2,666 SF
Year Built
1940
Buildings
1
Listing Agency:
Keller Williams Hollywood Hills
(310) 402-8958
Listed By:
Davis Saadian · License #01921748
Source:
Evecap
Added: Jun 19
Changed: Aug 29
Last Checked: Jul 21 at 1:17AM
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 Hollywood Hills
Investment Insights
Based on property information with market context.
Built in 1940, this four-unit multifamily property contains 2,666 SF of living space on an 11,548 SF lot. The unit mix includes two 2-bed/1-bath residences and two 1-bed/1-bath residences, providing a balanced configuration across the building. The property is fully occupied and produces in-place rental income.
The property is located at 315 W Queen St in Inglewood, near SoFi Stadium, Intuit Dome, the Kia Forum, and the forthcoming Inglewood Transit Connector. LAX and major employment hubs are also described as nearby, placing the property within an active Southern California employment and entertainment corridor.
The property is located at 315 W Queen St in Inglewood, near SoFi Stadium, Intuit Dome, the Kia Forum, and the forthcoming Inglewood Transit Connector. LAX and major employment hubs are also described as nearby, placing the property within an active Southern California employment and entertainment corridor.
Key Highlights
- Four‑unit multifamily property with 2,666 SF of living space
- 11,548 SF lot
- Unit mix includes two 2‑bed/1‑bath and two 1‑bed/1‑bath units
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
$37,819
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
3.36%
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%
$756,380
$756.4K
Cap Rate 7%
$540,271
$540.3K
Cap Rate 9%
$420,211
$420.2K
Market Conditions
NOI Build-Up for 2,666 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
$54.4K $20.40/SF
− Vacancy
−$359 −$0.13/SF
EGI
$54.0K $20.27/SF
− OpEx
−$16.2K −$6.08/SF
NOI
$37.8K $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%
$756,380
Cap Rate 7%
$540,271
Cap Rate 9%
$420,211
Alternative Uses
Best Use
Multifamily LT 5
$540.3K
$472.7K – $630.3K
NOI $37,819 @ 7.0% cap · market cap 3.36%
Second Best
Apartment 5plus
$471.8K
$412.8K – $550.4K
NOI $33,023 @ 7.0% cap · market cap 2.94%
Theoretical Best
Office A
$1.09M
$951.8K – $1.27M
NOI $76,141 @ 7.0% cap · market cap 6.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
2,358
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Fully occupied multifamily property with a mix of one- and two-bedroom units.
Where is this quadplex located?
The property is located at 315 W Queen St Inglewood, CA.
What is the asking price?
The asking price for this property is $1,125,000.
What are key features of this property?
This property features: Four‑unit multifamily property with 2,666 SF of living space; 11,548 SF lot; Unit mix includes two 2‑bed/1‑bath and two 1‑bed/1‑bath units
