5-Unit Apartment
4-216 S Inglewood Ave, Inglewood, CA 90301
For Sale
$1,399,900
An electric gate, dedicated resident parking, storage, and an on-site laundry room serve the property.
Property Size4,447 SF
Price / SF$314.80
Days on Market18
Property Features for 4-216 S Inglewood Ave
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Amenities
electric gate
surveillance system
Listing Agency:
Robert Pitts Luxury Estates
Listed By:
Robert Pitts · License #00917764
(310) 915-6500
Source:
Exprealty
Added: Oct 21
Changed: Nov 6
Last Checked: Nov 6 at 2:28PM
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 Robert Pitts Luxury Estates
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 4,447-square-foot apartment property contains five units: two with two bedrooms and three with one bedroom. One of the one-bedroom apartments is expected to be vacant at closing. An electric gate controls access to the property, and a surveillance system is also in place. Five dedicated parking spaces and additional storage are included. The building has a laundry room currently used by the owner.
The property is in Inglewood, with LAX, local beaches, SoFi Stadium, and Intuit Dome described as being minutes away.
The property is in Inglewood, with LAX, local beaches, SoFi Stadium, and Intuit Dome described as being minutes away.
Key Highlights
- Five apartments: two 2‑bedroom units and three 1‑bedroom units
- 4,447 square feet
- One 1‑bedroom unit to be vacant at closing
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$55,084
Cap Rate
3.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,101,680
$1.1M
Cap Rate 7%
$786,914
$786.9K
Cap Rate 9%
$612,044
$612.0K
Market Conditions
NOI Build-Up for 4,447 SF
Gross rent
$100.9K $22.68/SF
− Vacancy
−$706 −$0.16/SF
EGI
$100.2K $22.52/SF
− OpEx
−$45.1K −$10.13/SF
NOI
$55.1K $12.39/SF
Area
Inglewood, CA
Vacancy
0.70%
Lease Rate
$22.68 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,101,680
Cap Rate 7%
$786,914
Cap Rate 9%
$612,044
Alternative Uses
Best Use
Apartment 5plus
$786.9K
$688.6K – $918.1K
NOI $55,084 @ 7.0% cap · market cap 3.93%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.81M
$1.59M – $2.12M
NOI $127,006 @ 7.0% cap · market cap 9.07%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
2,358
Businesses Nearby
Explore this area
Business Placement
Demographics for 90301, CA
36,270
Population
12,884
Households
2.8
Avg Household Size
37
Median Age
20%
College-Educated
73%
High-School Grad
2.5 sq mi
ZIP Area
14,508
Density / Sq Mi
$62,991
Median Household Income
$33,884
Median Earnings
$1,658
Median Rent
$698,300
Median Home Value
Market
Average Price Trend$/SF for Apartment buildings in Inglewood, CA
Properties on Market for Apartment buildings in Inglewood
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - An electric gate, dedicated resident parking, storage, and an on-site laundry room serve the property.
Where is this apartment building located?
The property is located at 4-216 S Inglewood Ave Inglewood, CA.
What is the asking price?
The asking price for this property is $1,399,900.
What are key features of this property?
This property features: Five apartments: two 2‑bedroom units and three 1‑bedroom units; 4,447 square feet; One 1‑bedroom unit to be vacant at closing
