Seven-Unit Multifamily Apartment
For Sale
$1,750,000
3940 W 112th, Inglewood, CA 90303
Well-maintained seven-unit complex with one-, two-, and three-bedroom units plus 14 covered parking spaces.
Days on Market19
Property Features for 3940 W 112th
General Information
Standard status
Active
Total Parking Spaces
14
Property subtype
Apartment
Additional Details
Utilities to Site
Yes
Multifamily Units
7
Building Details
Building Size
5,360 SF
Year Built
1988
Listing Agency:
The Holstein Group
(310) 345-9994
Listed By:
David Holstein · License #01210777
Source:
Truthrealty
Added: Jul 13
Changed: Jul 30
Last Checked: Jul 31 at 11:18AM
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 The Holstein Group
Investment Insights
Based on property information with market context.
This well-maintained seven-unit apartment community features a mix of one-, two-, and three-bedroom apartments. The property was constructed in 1988 and includes 14 covered parking spaces. Units are separately metered for gas, electricity, and hot water, supporting more efficient utility management.
Located in the southeast quadrant of Inglewood, the community is described as within walking distance of SoFi Stadium, Intuit Dome, Hollywood Park Casino, and The Forum. The building is owned and has been meticulously maintained by the same owner for more than 23 years.
Recent improvements include work to the roof, decking, patio areas, and landscaping. The property is also described as not subject to Los Angeles City or Los Angeles County rent control ordinances, instead falling under the City of Inglewood’s Rent Stabilization Ordinance, which generally permits annual rent increases of up to 8% for qualifying units subject to current City guidelines and applicable thresholds.
Located in the southeast quadrant of Inglewood, the community is described as within walking distance of SoFi Stadium, Intuit Dome, Hollywood Park Casino, and The Forum. The building is owned and has been meticulously maintained by the same owner for more than 23 years.
Recent improvements include work to the roof, decking, patio areas, and landscaping. The property is also described as not subject to Los Angeles City or Los Angeles County rent control ordinances, instead falling under the City of Inglewood’s Rent Stabilization Ordinance, which generally permits annual rent increases of up to 8% for qualifying units subject to current City guidelines and applicable thresholds.
Key Highlights
- Seven‑unit apartment community with one-, two-, and three‑bedroom apartments
- 14 covered parking spaces
- Constructed in 1988
Financial Insights For Apartment 5plus
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 | $121.6k | $22.68 |
| − Vacancy | −$851 | −$0.16 |
| EGI | $120.7k | $22.52 |
| − OpEx | −$54.3k | −$10.13 |
| NOI | $66.4k | $12.39 |
5,360 SF · lease $22.68/SF/yr · vacancy 0.70% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$948.5K
$829.9K – $1.11M
NOI $66,393 @ 7.0% cap · market cap 3.79%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.19M
$1.91M – $2.55M
NOI $153,082 @ 7.0% cap · market cap 8.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
7
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
776
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Well-maintained seven-unit complex with one-, two-, and three-bedroom units plus 14 covered parking spaces.
Where is this apartment building located?
The property is located at 3940 W 112th Inglewood, CA.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: Seven‑unit apartment community with one-, two-, and three‑bedroom apartments; 14 covered parking spaces; Constructed in 1988
