Renovated Fourplex with Gated
3213 Bartdon Avenue Inglewood, CA 90303
3213 Bartdon Avenue, Inglewood, CA, 90303
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For Sale
Contact for pricing
Renovated fourplex with gated access, on-site laundry, tankless water heaters, and upgrades to HVAC and electrical.
Property Size4,474 SF
Price / SF$346.45
Days on Market74
Property Features for 3213 Bartdon Avenue
General Information
- Standard status
- Active
- Size
- 4,474 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1956
Listing agency
Shield Commercial Real Estate
Listed by
Jonathan Nikfarjam · License #CA 01856803
Source
Crexi
Added: May 11 Updated: Jul 22 at 6:49PM Checked: Jul 22 at 6:49PM
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 Shield Commercial Real Estate
Investment Insights
Based on property information with market context.
This renovated fourplex consists of two 4-bedroom/2-bathroom units and two 2-bedroom/1-bathroom units. Improvements include newer soundproof doors and windows completed under the City of Inglewood/LAX Sound Insulation Program, plus new HVAC systems and upgraded electrical. Interior finishes across all four units were renovated in 2018 and feature quartz counters, upgraded bathrooms, ceiling fans, and engineered wood flooring. Each unit has a newer tankless water heater installed in 2019, and the plumbing system was substantially replaced in 2019.
The property is gated and includes an on-site laundry facility, five parking spaces, and a small storage garage. The large lot and parking areas may provide an opportunity to add ADUs, and there are plans in place to convert the carport area into a 3-bedroom/2-bathroom ADU (buyer to verify).
The asset is less than 1 mile from Intuit Dome, SoFi Stadium, and Hollywood Park Casino, and it is also near multiple retail and shopping centers along Century Boulevard, including Costco, In-N-Out Burger, Aldi, Target, Home Depot, and The Village at Century. The current in-place income is supported by a reported cap rate of 6.28% and GRM of 11.23, with stated pro-forma income upside reflecting a 7.33% pro-forma cap rate and 10.01 pro-forma GRM.
The property is gated and includes an on-site laundry facility, five parking spaces, and a small storage garage. The large lot and parking areas may provide an opportunity to add ADUs, and there are plans in place to convert the carport area into a 3-bedroom/2-bathroom ADU (buyer to verify).
The asset is less than 1 mile from Intuit Dome, SoFi Stadium, and Hollywood Park Casino, and it is also near multiple retail and shopping centers along Century Boulevard, including Costco, In-N-Out Burger, Aldi, Target, Home Depot, and The Village at Century. The current in-place income is supported by a reported cap rate of 6.28% and GRM of 11.23, with stated pro-forma income upside reflecting a 7.33% pro-forma cap rate and 10.01 pro-forma GRM.
Key Highlights
- Renovated fourplex built in 1956 with (2) 4BR/2BA units and (2) 2BR/1BA units
- Renovations include City of Inglewood/LAX Sound Insulation Program with newer soundproof doors and windows
- Upgraded systems: new HVACs, upgraded electrical, and substantially replaced plumbing (2019) plus tankless water heaters (2019)
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $91.3k | $20.40 |
| − Vacancy | −$602 | −$0.13 |
| EGI | $90.7k | $20.27 |
| − OpEx | −$27.2k | −$6.08 |
| NOI | $63.5k | $14.19 |
4,474 SF · lease $20.40/SF/yr · vacancy 0.66% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$906.7K
$793.3K – $1.06M
NOI $63,467 @ 7.0% cap · market cap 4.09%
Second Best
Apartment 5plus
$791.7K
$692.7K – $923.6K
NOI $55,418 @ 7.0% cap · market cap 3.58%
Theoretical Best
Office A
$1.83M
$1.60M – $2.13M
NOI $127,777 @ 7.0% cap · market cap 8.24%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Agape Spirit Foundation ...
Charitable Organization
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FAQs
What type of property is this?
Quadplex - Renovated fourplex with gated access, on-site laundry, tankless water heaters, and upgrades to HVAC and electrical.
Where is this quadplex located?
The property is located at 3213 Bartdon Avenue Inglewood, CA.
What is the asking price?
The asking price for this property is $1,550,000.
What are key features of this property?
This property features: Renovated fourplex built in 1956 with (2) 4BR/2BA units and (2) 2BR/1BA units; Renovations include City of Inglewood/LAX Sound Insulation Program with newer soundproof doors and windows; Upgraded systems: new HVACs, upgraded electrical, and substantially replaced plumbing (2019) plus tankless water heaters (2019)
