5-Unit Apartment
632 Manchester Drive, Inglewood, CA 90301
For Sale
New
$1,595,000
All-electric units include air conditioning, with on-site laundry serving the property.
Property Size4,890 SF
Days on Market4
Property Features for 632 Manchester Drive
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Amenities
on-site laundry
air conditioning
Building Details
Building Size
Year Built
Listing Agency:
Compass
Listed By:
Tamas Batyi · License #02053534
(323) 236-6450
Source:
Archetyperealty
Added: Nov 4
Changed: Nov 6
Last Checked: Nov 6 at 2:43PM
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 Compass
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Investment Insights
Based on property information with market context.
This 1963 apartment property contains five units: two with two bedrooms and 1.75 baths, and three with one bedroom and one bath. Unit floor plans are approximately 900–1,000 square feet. Select apartments have been remodeled, and every unit has air conditioning. The all-electric setup and shared on-site laundry are additional building features. Improvements include a roof approximately five years old, exterior paint, and water-efficient landscaping.
The property is in Inglewood, less than a five-minute walk from SoFi Stadium and The Forum. Adjacent double- and single-car garages are also present; conversion to ADUs is subject to buyer verification.
The property is in Inglewood, less than a five-minute walk from SoFi Stadium and The Forum. Adjacent double- and single-car garages are also present; conversion to ADUs is subject to buyer verification.
Key Highlights
- Five apartments: two 2‑bedroom/1.75‑bath units and three 1‑bedroom/1‑bath units
- Unit floor plans of approximately 900–1,000 square feet
- Air conditioning in every unit; on‑site laundry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$60,571
Cap Rate
3.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,211,420
$1.2M
Cap Rate 7%
$865,300
$865.3K
Cap Rate 9%
$673,011
$673.0K
Market Conditions
NOI Build-Up for 4,890 SF
Gross rent
$110.9K $22.68/SF
− Vacancy
−$776 −$0.16/SF
EGI
$110.1K $22.52/SF
− OpEx
−$49.6K −$10.13/SF
NOI
$60.6K $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%
$1,211,420
Cap Rate 7%
$865,300
Cap Rate 9%
$673,011
Alternative Uses
Best Use
Apartment 5plus
$865.3K
$757.1K – $1.01M
NOI $60,571 @ 7.0% cap · market cap 3.80%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.00M
$1.75M – $2.33M
NOI $139,658 @ 7.0% cap · market cap 8.76%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
2,417
Businesses Nearby
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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
$698,300
Median Home Value
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Market
Average Price Trend$/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 - All-electric units include air conditioning, with on-site laundry serving the property.
Where is this apartment building located?
The property is located at 632 Manchester Drive Inglewood, CA.
What is the asking price?
The asking price for this property is $1,595,000.
What are key features of this property?
This property features: Five apartments: two 2‑bedroom/1.75‑bath units and three 1‑bedroom/1‑bath units; Unit floor plans of approximately 900–1,000 square feet; Air conditioning in every unit; on‑site laundry
