New-Construction Triplex with Private
For Sale
$2,200,000
642 E Fairview Boulevard, Inglewood, CA 90302
Inglewood, CA
Property Size5,029 SF
Lot Size0.14 Acres
Price / SF$437.46
Days on Market48
Property Features for 642 E Fairview Boulevard
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Property condition
Under Construction
Bedrooms
10
Bathrooms
10
Full bathrooms
10
Rooms
Bedroom 8, Bathroom 9, Bedroom 5, Bathroom 2, Bathroom 10, Laundry Room, Bathroom 8, Bedroom 4, Bedroom 7, Bathroom 7, Bathroom 1, Bedroom 6, Bathroom 4, Bathroom 5, Bedroom 1, Bedroom 10, Bedroom 2, Bathroom 6, Bedroom 9, Bedroom 3, Bathroom 3
Parking
4
Lot features
Rectangular Lot, Park Nearby, Front Yard, Sprinkler System
Elementary school district
Inglewood Unified
Middle school district
Inglewood Unified
High school district
Inglewood Unified
Directions
Fairview
Subdivision
101 - North Inglewood
Standard status
Active
APN
4013033003
Size
5,029 SF
Lot size
0.14 Acres
Utilities
Sewer type
Public Sewer
Cooling system
Central Air
Water source
Public
Building Details
Year built
2026
Floors in Building
2
Number of units
3
Listing Agency:
Realty ONE Group United
(310) 356-0940
Listed By:
Aazim Rajani · License #01971239
(310) 951-0801
Added: Jul 15
Changed: Aug 25
Last Checked: Aug 31 at 5:06AM
MLS# SB26154214
Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located at 642 E Fairview Boulevard in Inglewood, this under-construction triplex is planned as two attached four-bedroom townhomes plus a detached two-bedroom accessory dwelling unit. The property contains 5,029 square feet on a 0.1424-acre lot, with private garages serving the residences. Construction is scheduled for completion in 2026, and the design incorporates open living areas, multiple bathrooms, laundry space, and contemporary residential finishes.
Central Air provides cooling, while public water and public sewer serve the property. The configuration offers three separate residences within one multifamily asset, combining larger townhome layouts with a detached smaller unit. Its Inglewood location places the property in Los Angeles County and within ZIP Code 90302.
Central Air provides cooling, while public water and public sewer serve the property. The configuration offers three separate residences within one multifamily asset, combining larger townhome layouts with a detached smaller unit. Its Inglewood location places the property in Los Angeles County and within ZIP Code 90302.
Key Highlights
- Three‑residence configuration: two attached 4‑bedroom townhomes and one detached 2‑bedroom ADU
- 5,029 square feet on a 0.1424‑acre lot
- 642 E Fairview Boulevard, Inglewood, CA 90302
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
3.24%
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 3.24%
Second Best
Apartment 5plus
$889.9K
$778.7K – $1.04M
NOI $62,293 @ 7.0% cap · market cap 2.83%
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
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Under-construction multifamily property with three residences, modern layouts, central air, and public water and sewer service.
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 $2,200,000.
What are key features of this property?
This property features: Three‑residence configuration: two attached 4‑bedroom townhomes and one detached 2‑bedroom ADU; 5,029 square feet on a 0.1424‑acre lot; 642 E Fairview Boulevard, Inglewood, CA 90302
