Three-Unit Multifamily
For Sale
$1,300,000
Pending
3421 W 109th St, Inglewood, CA 90303
Residential Income, Traditional, Inglewood, CA
Property Size3,869 SF
Lot Size0.21 Acres
Days on Market19
Property Features for 3421 W 109th St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
INR2YY
Bedrooms
7
Bathrooms
5
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 5, Bedroom 5, Bathroom 2, Bathroom 4, Bedroom 7, Bedroom 1, Bathroom 3, Bedroom 2, Bedroom 4, Bedroom 3, Bedroom 6
Parking features
Garage - Attached, Assigned
Directions
405 Fwy to Manchester Blvd E, R on Prairie Ave, L on W 109th St. From SoFi Stadium, S on Prairie Ave, L on W 109th St.
Subdivision
South Inglewood
Standard status
Pending
APN
4031-002-003
Size
3,869 SF
Lot size
0.21 Acres
Utilities
Heating system
Central
Building Details
Year built
1962
Number of units
3
Architectural style
Other
Listing Agency:
Equity Union
(818) 989-2000
Listed By:
Letitia Jones-Diloretto · License #01724595
(818) 904-9505
Added: Sep 7
Changed: Sep 21
Last Checked: Sep 25 at 9:06AM
MLS# 26988529
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 three-unit multifamily property contains 3,869 square feet on a 0.2074-acre parcel. The 1962 building includes seven bedrooms and five bathrooms, with central heating, an attached garage, and assigned parking. The property is classified under INR2YY zoning.
Located at 3421 W 109th St in Inglewood, California 90303, the asset sits in Los Angeles County. Its residential configuration and existing parking improvements provide a defined physical layout for multifamily ownership.
Located at 3421 W 109th St in Inglewood, California 90303, the asset sits in Los Angeles County. Its residential configuration and existing parking improvements provide a defined physical layout for multifamily ownership.
Key Highlights
- Triplex with 3,869 square feet of building area
- Seven bedrooms and five bathrooms
- 0.2074‑acre lot in Inglewood, CA
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
$54,885
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
4.22%
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%
$1,097,700
$1.1M
Cap Rate 7%
$784,071
$784.1K
Cap Rate 9%
$609,833
$609.8K
Market Conditions
NOI Build-Up for 3,869 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
$78.9K $20.40/SF
− Vacancy
−$521 −$0.13/SF
EGI
$78.4K $20.27/SF
− OpEx
−$23.5K −$6.08/SF
NOI
$54.9K $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%
$1,097,700
Cap Rate 7%
$784,071
Cap Rate 9%
$609,833
Alternative Uses
Best Use
Multifamily LT 5
$784.1K
$686.1K – $914.8K
NOI $54,885 @ 7.0% cap · market cap 4.22%
Second Best
Apartment 5plus
$684.6K
$599.1K – $798.7K
NOI $47,924 @ 7.0% cap · market cap 3.69%
Theoretical Best
Office A
$1.58M
$1.38M – $1.84M
NOI $110,499 @ 7.0% cap · market cap 8.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,088
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Central heating, attached garage parking, and assigned spaces serve this established residential income property.
Where is this triplex located?
The property is located at 3421 W 109th St Inglewood, CA.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Triplex with 3,869 square feet of building area; Seven bedrooms and five bathrooms; 0.2074‑acre lot in Inglewood, CA
