Inglewood Multifamily Fixer Upper
For Sale
$650,000
Pending
405 Edgewood St, Inglewood, CA 90302
Five units in two buildings, a fixer-upper opportunity.
Property Size2,410 SF
Lot Size0.15 Acres
Days on Market330
Property Features for 405 Edgewood St
General Information
Standard status
Pending
Size
2,410 SF
Lot size
0.15 Acres
Property subtype
Commercial
Site & Location
Neighborhood
Fairview Heights
Building Details
Building Size
2,410 SF
Year Built
1925
Units
5
Listing Agency:
Pak Home Realty
Listed By:
Maria DeJesu De Santiago · License #01724254
(562) 335-9477
Source:
Elliman
Added: Nov 27, 2025
Changed: Aug 15
Last Checked: Jun 25 at 5:42PM
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 Pak Home Realty
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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 property features five units across two buildings, presenting a renovation opportunity. The corner lot includes structures at 405 N. Edgewood St. and 237 E. Ivy Ave, situated in Inglewood, California. One building is a single-story structure, while the other has two stories. The owner occupies two units, each containing one bedroom. The second building comprises three units: two one-bedroom apartments and one downstairs studio. Two units are currently occupied by long-term tenants. The property includes a driveway and two one-car garages located beneath the two-story building.
Key Highlights
- Multi‑unit property with 5 units total
- Two buildings on a corner lot
- Income potential from 2 long‑term tenants
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,852
Cap Rate
4.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$597,040
$597.0K
Cap Rate 7%
$426,457
$426.5K
Cap Rate 9%
$331,689
$331.7K
Market Conditions
NOI Build-Up for 2,410 SF
Gross rent
$54.7K $22.68/SF
− Vacancy
−$383 −$0.16/SF
EGI
$54.3K $22.52/SF
− OpEx
−$24.4K −$10.13/SF
NOI
$29.9K $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%
$597,040
Cap Rate 7%
$426,457
Cap Rate 9%
$331,689
Alternative Uses
Best Use
Apartment 5plus
$426.5K
$373.2K – $497.5K
NOI $29,852 @ 7.0% cap · market cap 4.59%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$983.3K
$860.4K – $1.15M
NOI $68,830 @ 7.0% cap · market cap 10.59%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Location Intelligence
Trade Area within ½ mile
2,464
Businesses Nearby
Explore this area
Business Placement
Demographics for 90302, CA
29,264
Population
11,366
Households
2.6
Avg Household Size
36
Median Age
30%
College-Educated
81%
High-School Grad
1.9 sq mi
ZIP Area
15,402
Density / Sq Mi
$72,461
Median Household Income
$37,675
Median Earnings
$1,784
Median Rent
$731,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Five units in two buildings, a fixer-upper opportunity.
Where is this apartment building located?
The property is located at 405 Edgewood St Inglewood, CA.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Multi‑unit property with 5 units total; Two buildings on a corner lot; Income potential from 2 long‑term tenants
