Inglewood Duplex with New
For Sale
$799,900
319 E 98th ST, Inglewood, CA 90301
Well-maintained duplex near shopping, dining, and entertainment.
Property Size1,704 SF
Days on Market257
Property Features for 319 E 98th ST
General Information
Standard status
Active
Size
1,704 SF
Property subtype
MULTI_FAMILY
Building Details
Building Size
1,704 SF
Year Built
1960
Listing Agency:
Coldwell Banker Envision
Listed By:
Sonia Aravena · License #01709718
(562) 246-0187
Source:
Evecap
Added: Feb 4
Changed: Oct 7
Last Checked: Oct 19 at 2:16PM
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 Coldwell Banker Envision
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This well-maintained duplex presents an excellent opportunity for buyers and investors, especially with the recent price reduction. Each unit features 2 bedrooms, 1 bathroom, laundry inside, and a private garage. The property benefits from a new roof and a new electrical panel. Its location provides convenient access to shopping, dining, freeways, LAX, SoFi Stadium, Kia Forum, Intuit, and various entertainment venues. The property is situated in a high rental demand area, offering immediate income potential.
Key Highlights
- Reduced Price: Excellent opportunity for buyers and investors.
- Income Potential: Immediate income potential in a high rental demand area.
- New Roof: Recently installed new roof.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,173
Cap Rate
3.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$483,460
$483.5K
Cap Rate 7%
$345,329
$345.3K
Cap Rate 9%
$268,589
$268.6K
Market Conditions
NOI Build-Up for 1,704 SF
Gross rent
$34.8K $20.40/SF
− Vacancy
−$229 −$0.13/SF
EGI
$34.5K $20.27/SF
− OpEx
−$10.4K −$6.08/SF
NOI
$24.2K $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 Rate 5%
$483,460
Cap Rate 7%
$345,329
Cap Rate 9%
$268,589
Alternative Uses
Best Use
Multifamily LT 5
$345.3K
$302.2K – $402.9K
NOI $24,173 @ 7.0% cap · market cap 3.02%
Second Best
Apartment 5plus
$301.5K
$263.8K – $351.8K
NOI $21,107 @ 7.0% cap · market cap 2.64%
Theoretical Best
Office A
$695.2K
$608.3K – $811.1K
NOI $48,666 @ 7.0% cap · market cap 6.08%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
1,932
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
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Well-maintained duplex near shopping, dining, and entertainment.
Where is this duplex located?
The property is located at 319 E 98th ST Inglewood, CA.
What is the asking price?
The asking price for this property is $799,900.
What are key features of this property?
This property features: Reduced Price: Excellent opportunity for buyers and investors.; Income Potential: Immediate income potential in a high rental demand area.; New Roof: Recently installed new roof.
