Triplex with Newer Dual-Pane
For Sale
$895,000
Pending
3818 W 111TH Pl, Inglewood, CA 90303
Family-owned triplex with newer dual-paned windows, newer roofs, and three one-car garages.
Property Size2,350 SF
Days on Market96
Property Features for 3818 W 111TH Pl
General Information
Standard status
Pending
Size
2,350 SF
Total Parking Spaces
5
Property subtype
Investment
Site & Location
Neighborhood
Lockhaven
Highway Access
Yes
Additional Details
Gross Rent Multiplier
12
Amenities
granite countertops
tile flooring
recessed lighting
appliances
eat-in kitchen
laundry hook-ups
ceiling fans
Building Details
Building Size
2,350 SF
Year Built
1961
Units
3
Tenancy
Multi
Listing Agency:
Estate Properties
Listed By:
Christine Ballesteros · License #01280270
(310) 378-7747
Source:
Elliman
Added: Jul 29
Changed: Oct 29
Last Checked: Nov 1 at 6:24AM
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 Estate Properties
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Investment Insights
Based on property information with market context.
This family-owned triplex offers three separate two-bedroom, one-bath units and a mix of updates. The front and back units feature newer dual-paned windows, and all three units have newer roofs. The rear 2 Bed 1 Bath unit is ready to move in and includes granite countertops, tile flooring, recessed lighting, appliances, an eat-in kitchen area, and laundry hook-ups, along with new ceiling fans. The back unit also has a yard that completely surrounds it on all sides. Exterior paint has been recently refreshed, and all three units have a one-car garage, with the rear unit offering two plus extra parking spots.
The property is located near SoFi Stadium, about 1 mile away, and is approximately 4 miles from the beach. It also provides easy access to the freeways, with Downtown and LAX about 5 miles away. The setup supports rent-increase potential.
Built in 1961, this triplex is well-positioned for owner-occupancy or investment use.
The property is located near SoFi Stadium, about 1 mile away, and is approximately 4 miles from the beach. It also provides easy access to the freeways, with Downtown and LAX about 5 miles away. The setup supports rent-increase potential.
Built in 1961, this triplex is well-positioned for owner-occupancy or investment use.
Key Highlights
- Newer dual‑paned windows in the front and back units
- Newer roofs on all three units
- Rear 2 bed 1 bath ready to move in with granite, tile, recessed lighting, appliances, eat‑in kitchen
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,337
Cap Rate
3.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$666,740
$666.7K
Cap Rate 7%
$476,243
$476.2K
Cap Rate 9%
$370,411
$370.4K
Market Conditions
NOI Build-Up for 2,350 SF
Gross rent
$47.9K $20.40/SF
− Vacancy
−$316 −$0.13/SF
EGI
$47.6K $20.27/SF
− OpEx
−$14.3K −$6.08/SF
NOI
$33.3K $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 Rate 5%
$666,740
Cap Rate 7%
$476,243
Cap Rate 9%
$370,411
Alternative Uses
Best Use
Multifamily LT 5
$476.2K
$416.7K – $555.6K
NOI $33,337 @ 7.0% cap · market cap 3.72%
Second Best
Apartment 5plus
$415.8K
$363.9K – $485.2K
NOI $29,109 @ 7.0% cap · market cap 3.25%
Theoretical Best
Office A
$958.8K
$839.0K – $1.12M
NOI $67,116 @ 7.0% cap · market cap 7.50%
Zoning and permitted uses should be independently verified with authorities.
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Who owns this building?
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Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
595
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
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Triplex - Family-owned triplex with newer dual-paned windows, newer roofs, and three one-car garages.
Where is this triplex located?
The property is located at 3818 W 111TH Pl Inglewood, CA.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: Newer dual‑paned windows in the front and back units; Newer roofs on all three units; Rear 2 bed 1 bath ready to move in with granite, tile, recessed lighting, appliances, eat‑in kitchen
