New-Construction Triplex with
New
For Sale
$1,999,000
642 E Fairview Boulevard, Inglewood, CA 90302
New construction combines two attached townhomes with a detached accessory dwelling and private garages.
Property Size5,029 SF
Days on Market3
Property Features for 642 E Fairview Boulevard
General Information
Standard status
Active
Size
5,029 SF
Property subtype
Triplex
Units
Unit Mix
2 x 4BR townhome, 1 x 2BR ADU
Multifamily Units
3
Building Details
Building Size
5,029 SF
Year Built
2026
Listing Agency:
Realty ONE Group United
Listed By:
Aazim Rajani · License #01971239
(310) 951-0801
Source:
Truthrealty
Added: Sep 17
Changed: Sep 19
Last Checked: Sep 19 at 10:08AM
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.
Completed in 2026, this triplex includes two attached four-bedroom townhomes and a detached two-bedroom accessory dwelling unit. The residences feature modern interiors, open-concept layouts, designer fixtures, and private garages, creating a multi-unit configuration with distinct living spaces.
The property is located at 642 E Fairview Blvd in Inglewood, within a residential area described as undergoing redevelopment. Walk Score is 80, Bike Score is 57, and Transit Score is 52. The property information also identifies nearby cafés and parks, along with the potential to convert both garages into additional studio units, subject to applicable approvals.
The property is located at 642 E Fairview Blvd in Inglewood, within a residential area described as undergoing redevelopment. Walk Score is 80, Bike Score is 57, and Transit Score is 52. The property information also identifies nearby cafés and parks, along with the potential to convert both garages into additional studio units, subject to applicable approvals.
Key Highlights
- Two attached 4‑bedroom townhomes plus a detached 2‑bedroom ADU
- Completed in 2026
- Private garages serve the residences
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
$71,340
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
3.57%
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%
$1,426,800
$1.4M
Cap Rate 7%
$1,019,143
$1.0M
Cap Rate 9%
$792,667
$792.7K
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
$102.6K $20.40/SF
− Vacancy
−$677 −$0.13/SF
EGI
$101.9K $20.27/SF
− OpEx
−$30.6K −$6.08/SF
NOI
$71.3K $14.19/SF
Area
Inglewood, CA
Vacancy
0.66%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
30.00%
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%
$1,426,800
Cap Rate 7%
$1,019,143
Cap Rate 9%
$792,667
Alternative Uses
Best Use
Multifamily LT 5
$1.02M
$891.8K – $1.19M
NOI $71,340 @ 7.0% cap · market cap 3.57%
Second Best
Apartment 5plus
$889.9K
$778.7K – $1.04M
NOI $62,293 @ 7.0% cap · market cap 3.12%
Theoretical Best
Office A
$2.05M
$1.80M – $2.39M
NOI $143,628 @ 7.0% cap · market cap 7.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
3
Residential units
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Triplex - New construction combines two attached townhomes with a detached accessory dwelling and private garages.
Where is this triplex located?
The property is located at 642 E Fairview Boulevard Inglewood, CA.
What is the asking price?
The asking price for this property is $1,999,000.
What are key features of this property?
This property features: Two attached 4‑bedroom townhomes plus a detached 2‑bedroom ADU; Completed in 2026; Private garages serve the residences
