Turnkey Renovated Apartment
720 North Market Street Inglewood, CA 90302
For Sale
Contact for pricing
A fully renovated 16-unit multifamily property with updated solar, roofing, HVAC, and electrical systems.
Property Size13,918 SF
Price / SF$409.54
Days on Market60
Property Features for 720 North Market Street
General Information
Standard status
Active
Size
13,918 SF
Property subtype
Multifamily
Building Details
Year Built
1964
Listing Agency:
Centennial Advisers
(714) 231-2537
Listed By:
Justin White · License #CA 00875427
Source:
Crexi
Added: May 29
Changed: Jul 10
Last Checked: Jul 25 at 7:31AM
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 Centennial Advisers
Investment Insights
Based on property information with market context.
This 16-unit multifamily apartment building at 720 N. Market Street has been substantially renovated and positioned for turnkey ownership. Recent capital improvements include new solar panels, all 16 units remodeled, 88 windows replaced, upgraded electrical panel work with 16 sub-panels, and installation of 16 Nest thermostats. The building also received a copper re-pipe, a new roof, a new HVAC system, plus an on-site security system and gated entry.
The property is located in the growing North Inglewood sub market of Los Angeles and is described as within walking distance to the Metro Purple line. A number of major employers are listed within a 5-mile radius, including LAX Airport, SpaceX, Intuit Dome, Kia Forum, SoFi Stadium, Northrop Grumman, Kaiser Permanente, and multiple hospitals.
For buyers and operators, the key takeaway is that the asset features extensive modernization across both unit interiors and core building systems, supporting straightforward readiness for continued rental operations. The proximity to the Metro Purple line and the density of nearby employers make it a practical fit for tenants who commute within Los Angeles and the South Bay.
The property is located in the growing North Inglewood sub market of Los Angeles and is described as within walking distance to the Metro Purple line. A number of major employers are listed within a 5-mile radius, including LAX Airport, SpaceX, Intuit Dome, Kia Forum, SoFi Stadium, Northrop Grumman, Kaiser Permanente, and multiple hospitals.
For buyers and operators, the key takeaway is that the asset features extensive modernization across both unit interiors and core building systems, supporting straightforward readiness for continued rental operations. The proximity to the Metro Purple line and the density of nearby employers make it a practical fit for tenants who commute within Los Angeles and the South Bay.
Key Highlights
- Fully renovated 16‑unit multifamily property, built in 1964
- Recent major capital improvements include new solar panels, new roof, and copper re‑pipe of entire building
- Electrical updates: electrical panel upgraded, 16 sub‑panels upgraded
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $315.7k | $22.68 |
| − Vacancy | −$2.2k | −$0.16 |
| EGI | $313.5k | $22.52 |
| − OpEx | −$141.1k | −$10.13 |
| NOI | $172.4k | $12.39 |
13,918 SF · lease $22.68/SF/yr · vacancy 0.70% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$2.46M
$2.15M – $2.87M
NOI $172,398 @ 7.0% cap · market cap 3.02%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.68M
$4.97M – $6.62M
NOI $397,498 @ 7.0% cap · market cap 6.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Apartment building - A fully renovated 16-unit multifamily property with updated solar, roofing, HVAC, and electrical systems.
Where is this apartment building located?
The property is located at 720 North Market Street Inglewood, CA.
What is the asking price?
The asking price for this property is $5,700,000.
What are key features of this property?
This property features: Fully renovated 16‑unit multifamily property, built in 1964; Recent major capital improvements include new solar panels, new roof, and copper re‑pipe of entire building; Electrical updates: electrical panel upgraded, 16 sub‑panels upgraded
