Fourplex with
New
For Sale
$1,295,000
831 Centinela Ave, Inglewood, CA 90302
Four residential units, garage space, and a sizable shared outdoor area define this income property.
Property Size2,991 SF
Lot Size0.35 Acres
Price / SF$432.97
Days on Market3
Property Features for 831 Centinela Ave
General Information
Standard status
Active
Size
2,991 SF
Total Parking Spaces
6
Lot size
0.35 Acres
Property subtype
MULTI_FAMILY
Financials
Cap Rate
4.17%
Gross Rent Multiplier
14.59
Additional Details
Public Transit
Yes
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$18,130
Amenities
Washer/Dryer-Hook-Ups
Expansive Yard
Ample Outdoor Space
Building Details
Building Size
2,991 SF
Year Built
1954
Listing Agency:
Shield CRE, Inc.
Listed By:
Jonathan Nikfarjam · License #01856803
(310) 880-6807
Source:
Benbelack
Added: Sep 29
Changed: Oct 1
Last Checked: Oct 1 at 2:20PM
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 Shield CRE, Inc.
Investment Insights
Based on property information with market context.
Built in 1954, this fourplex contains 2,991 square feet on a 15,400-square-foot lot. The property includes six garages and outdoor space for tenants. Improvements include new roofs, updated electrical, and recent exterior paint and touch-ups. Current performance is reported at a 4.17% cap rate and 14.59 GRM; pro forma figures are a 6.06% cap rate and 11.36 GRM.
The property is approximately 1.5 miles from SoFi Stadium and The Forum and 2 miles from Intuit Dome. Other named nearby destinations include Hollywood Park, YouTube Theater, Metro Rail, SpaceX, Tesla, and LAX Airport.
The listing also identifies possible ADU additions or redevelopment, subject to buyer verification. Rent regulation is described as exempt from Inglewood’s local rent cap and subject to AB 1482.
The property is approximately 1.5 miles from SoFi Stadium and The Forum and 2 miles from Intuit Dome. Other named nearby destinations include Hollywood Park, YouTube Theater, Metro Rail, SpaceX, Tesla, and LAX Airport.
The listing also identifies possible ADU additions or redevelopment, subject to buyer verification. Rent regulation is described as exempt from Inglewood’s local rent cap and subject to AB 1482.
Key Highlights
- Fourplex with 2,991 square feet of building area
- 15,400‑square‑foot lot with six garages and tenant outdoor space
- 1954 construction; roofs replaced and electrical updated
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
$42,430
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%
$848,600
$848.6K
Cap Rate 7%
$606,143
$606.1K
Cap Rate 9%
$471,444
$471.4K
Market Conditions
NOI Build-Up for 2,991 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
$61.0K $20.40/SF
− Vacancy
−$403 −$0.13/SF
EGI
$60.6K $20.27/SF
− OpEx
−$18.2K −$6.08/SF
NOI
$42.4K $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%
$848,600
Cap Rate 7%
$606,143
Cap Rate 9%
$471,444
Alternative Uses
Best Use
Multifamily LT 5
$606.1K
$530.4K – $707.2K
NOI $42,430 @ 7.0% cap · market cap 3.28%
Second Best
Apartment 5plus
$529.3K
$463.1K – $617.5K
NOI $37,049 @ 7.0% cap · market cap 2.86%
Theoretical Best
Office A
$1.22M
$1.07M – $1.42M
NOI $85,423 @ 7.0% cap · market cap 6.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,200
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?
Quadplex - Four residential units, garage space, and a sizable shared outdoor area define this income property.
Where is this quadplex located?
The property is located at 831 Centinela Ave Inglewood, CA.
What is the asking price?
The asking price for this property is $1,295,000.
What are key features of this property?
This property features: Fourplex with 2,991 square feet of building area; 15,400‑square‑foot lot with six garages and tenant outdoor space; 1954 construction; roofs replaced and electrical updated
