Duplex with Flexible Bonus
For Sale
$974,000
3202 W 111th St, Inglewood, CA 90303
Residential Income, Inglewood, CA
Property Size2,066 SF
Lot Size0.19 Acres
Price / SF$471.44
Days on Market214
Property Features for 3202 W 111th St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
INR2YY
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bedroom 1, Bathroom 1, Bedroom 3, Bedroom 2
Parking features
Garage
Directions
North of Imperial Hwy, West of Crenshaw Blvd
Subdivision
South Inglewood
Standard status
Active
APN
4031-014-017
Size
2,066 SF
Lot size
0.19 Acres
Building Details
Year built
1953
Floors in Building
1
Number of units
2
Listing Agency:
Compass
(310) 652-6285
Listed By:
Ronald G Jackson · License #01363276
(310) 748-5959
Added: Feb 11
Changed: Sep 12
Last Checked: Sep 13 at 9:06AM
MLS# 26651011
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 duplex in Inglewood contains 2,066 square feet of living space with three bedrooms and two bathrooms. The layout includes an expansive living room, appropriately sized bedrooms, and an additional room connected to the garage that can serve as office, gym, or creative space. The property was built in 1953 and includes garage parking.
Set on an 8,128-square-foot lot, the property offers a backyard divided between grassy and concrete areas. SoFi Stadium and Intuit Dome are identified as nearby destinations, placing the duplex within the Inglewood community. Zoning is listed as INR2YY.
Set on an 8,128-square-foot lot, the property offers a backyard divided between grassy and concrete areas. SoFi Stadium and Intuit Dome are identified as nearby destinations, placing the duplex within the Inglewood community. Zoning is listed as INR2YY.
Key Highlights
- Duplex with 2,066 square feet of living space
- Three bedrooms and two bathrooms
- 8,128‑square‑foot lot with grassy and concrete backyard areas
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
$29,308
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
3.01%
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%
$586,160
$586.2K
Cap Rate 7%
$418,686
$418.7K
Cap Rate 9%
$325,644
$325.6K
Market Conditions
NOI Build-Up for 2,066 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
$42.1K $20.40/SF
− Vacancy
−$278 −$0.13/SF
EGI
$41.9K $20.27/SF
− OpEx
−$12.6K −$6.08/SF
NOI
$29.3K $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%
$586,160
Cap Rate 7%
$418,686
Cap Rate 9%
$325,644
Alternative Uses
Best Use
Multifamily LT 5
$418.7K
$366.4K – $488.5K
NOI $29,308 @ 7.0% cap · market cap 3.01%
Second Best
Apartment 5plus
$365.6K
$319.9K – $426.5K
NOI $25,591 @ 7.0% cap · market cap 2.63%
Theoretical Best
Office A
$842.9K
$737.6K – $983.4K
NOI $59,005 @ 7.0% cap · market cap 6.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
719
Businesses Nearby
Explore this area
Business Placement
Demographics for 90303, CA
24,490
Population
7,354
Households
3.3
Avg Household Size
35
Median Age
18%
College-Educated
73%
High-School Grad
1.9 sq mi
ZIP Area
12,889
Density / Sq Mi
$70,853
Median Household Income
$36,292
Median Earnings
$1,709
Median Rent
$764,200
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
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Frequently Asked Questions
What type of property is this?
Duplex - Two-bathroom duplex with a garage, backyard, and adaptable room adjoining the parking area.
Where is this duplex located?
The property is located at 3202 W 111th St Inglewood, CA.
What is the asking price?
The asking price for this property is $974,000.
What are key features of this property?
This property features: Duplex with 2,066 square feet of living space; Three bedrooms and two bathrooms; 8,128‑square‑foot lot with grassy and concrete backyard areas
