New Construction Multi-Unit Luxury
For Sale
$2,200,000
642 E Fairview Boulevard, Inglewood, CA 90302
High-end, new construction multi-unit property in a rapidly improving neighborhood.
Property Size5,029 SF
Days on Market125
Property Features for 642 E Fairview Boulevard
General Information
Standard status
Active
Size
5,029 SF
Property subtype
Duplex
Building Details
Building Size
5,029 SF
Year Built
2026
Listing Agency:
Realty ONE Group United
(310) 951-0801
Listed By:
Aazim Rajani · License #01971239
Source:
Velocityrealtysd
Added: Apr 24
Changed: Aug 23
Last Checked: Aug 26 at 2:27PM
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 Realty ONE Group United
Investment Insights
Based on property information with market context.
Located in a rapidly improving residential neighborhood of Inglewood, 642 E Fairview Blvd is a new construction multi-unit property. This luxury development features two attached 4-bedroom townhomes and a detached 2-bedroom ADU. The residences are built with craftsmanship and finishes. Each residence features a modern design with materials, designer fixtures, open layouts, and private garages. The construction quality is suitable for owners or investors seeking long-term durability, rents, and minimal maintenance. The garages can be converted into additional studio units, giving the property the potential to operate as up to 5 units. The neighborhood is surrounded by residential redevelopment, tenant demand, new cafés, and parks. This property offers earning power in a high-growth area and potential for short-term rental operation. The walk score is 70, indicating it is somewhat walkable, the bike score is 38, indicating it is somewhat bikeable, and the transit score is 49, indicating some transit options are available.
Key Highlights
- New construction luxury development featuring two 4‑bedroom townhomes and a detached 2‑bedroom ADU.
- Potential to convert garages into additional studio units, increasing the unit count to 5 and boosting income.
- High‑end finishes, modern design, and spacious layouts throughout each residence.**
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$62,293
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
2.83%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,245,860
$1.2M
Cap Rate 7%
$889,900
$889.9K
Cap Rate 9%
$692,144
$692.1K
Market Conditions
NOI Build-Up for 5,029 SF
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.
Gross rent
$114.1K $22.68/SF
− Vacancy
−$798 −$0.16/SF
EGI
$113.3K $22.52/SF
− OpEx
−$51.0K −$10.13/SF
NOI
$62.3K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,245,860
Cap Rate 7%
$889,900
Cap Rate 9%
$692,144
Alternative Uses
Best Use
Apartment 5plus
$889.9K
$778.7K – $1.04M
NOI $62,293 @ 7.0% cap · market cap 2.83%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.05M
$1.80M – $2.39M
NOI $143,628 @ 7.0% cap · market cap 6.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
920
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Multifamily property - High-end, new construction multi-unit property in a rapidly improving neighborhood.
Where is this multifamily property located?
The property is located at 642 E Fairview Boulevard Inglewood, CA.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: New construction luxury development featuring two 4‑bedroom townhomes and a detached 2‑bedroom ADU.; Potential to convert garages into additional studio units, increasing the unit count to 5 and boosting income.; High‑end finishes, modern design, and spacious layouts throughout each residence.**
