Occupied Triplex With Laundry
For Sale
$1,199,000
701 Walnut ST, Inglewood, CA 90301
Each residence offers a practical layout with washer and dryer hookups.
Property Size2,775 SF
Days on Market24
Property Features for 701 Walnut ST
General Information
Standard status
Active
Size
2,775 SF
Property subtype
MULTI_FAMILY
Building Details
Building Size
2,775 SF
Year Built
1937
Listing Agency:
Estate Properties
Listed By:
Bill Ruane · License #00972400
(310) 877-2374
Source:
Evecap
Added: Sep 3
Changed: Sep 23
Last Checked: Sep 24 at 5:04PM
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 Estate Properties
Investment Insights
Based on property information with market context.
Built in 1937, this triplex contains three residential units, each configured with 3 bedrooms and 1 bathroom. Washer and dryer hookups are provided in every unit. The property is fully occupied by established long-term tenants, and recent rental increases are part of the current operating profile.
The property is located at 701 Walnut ST in Inglewood, CA, near SoFi Stadium and the new Clippers arena. The lot is described as generous, with potential for future expansion to 6+ units subject to buyer investigation and verification with the City and applicable agencies.
The property is located at 701 Walnut ST in Inglewood, CA, near SoFi Stadium and the new Clippers arena. The lot is described as generous, with potential for future expansion to 6+ units subject to buyer investigation and verification with the City and applicable agencies.
Key Highlights
- Three‑unit multifamily property at 701 Walnut ST, Inglewood, CA 90301
- Each unit includes 3 bedrooms and 1 bathroom
- Washer and dryer hookups in all three units
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
$39,365
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
3.28%
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%
$787,300
$787.3K
Cap Rate 7%
$562,357
$562.4K
Cap Rate 9%
$437,389
$437.4K
Market Conditions
NOI Build-Up for 2,775 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
$56.6K $20.40/SF
− Vacancy
−$374 −$0.13/SF
EGI
$56.2K $20.27/SF
− OpEx
−$16.9K −$6.08/SF
NOI
$39.4K $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%
$787,300
Cap Rate 7%
$562,357
Cap Rate 9%
$437,389
Alternative Uses
Best Use
Multifamily LT 5
$562.4K
$492.1K – $656.1K
NOI $39,365 @ 7.0% cap · market cap 3.28%
Second Best
Apartment 5plus
$491.0K
$429.7K – $572.9K
NOI $34,373 @ 7.0% cap · market cap 2.87%
Theoretical Best
Office A
$1.13M
$990.7K – $1.32M
NOI $79,254 @ 7.0% cap · market cap 6.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,535
Businesses Nearby
Explore this area
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
Check the figures for this property
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 - Each residence offers a practical layout with washer and dryer hookups.
Where is this triplex located?
The property is located at 701 Walnut ST Inglewood, CA.
What is the asking price?
The asking price for this property is $1,199,000.
What are key features of this property?
This property features: Three‑unit multifamily property at 701 Walnut ST, Inglewood, CA 90301; Each unit includes 3 bedrooms and 1 bathroom; Washer and dryer hookups in all three units
