Renovated Four-Unit
New
For Sale
$1,150,000
900 N Park Ave, Inglewood, CA 90302
The apartment mix consists of one-bedroom, one-bathroom homes, with a private front yard for the front residence.
Property Size2,356 SF
Days on Market6
Property Features for 900 N Park Ave
General Information
Standard status
Active
Size
2,356 SF
Property subtype
MULTI_FAMILY
Units
Unit Mix
4 x 1BR/1BA
Multifamily Units
4
Building Details
Building Size
2,356 SF
Year Built
1940
Listing Agency:
Marcus & Millichap
Listed By:
Jonathan Weir · License #02038545
(310) 909-5500
Source:
Milsteinestates
Added: Oct 14
Changed: Oct 19
Last Checked: Oct 19 at 2:18PM
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 Marcus & Millichap
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Investment Insights
Based on property information with market context.
Built in 1940, this Inglewood quadplex contains four one-bedroom, one-bathroom apartments. Interior remodeling and exterior improvements have been completed, and the property has newer roofs. The front residence has a private yard.
At 900 N Park Ave, the property sits across from Edward Vincent Jr. Park, a 55-acre public space with walking paths, tennis courts, recreation facilities, and open green space. The surrounding street is lined with trees and is predominantly residential, with single-family homes nearby. Local shopping and dining, major transportation corridors, SoFi Stadium, the Kia Forum, and Intuit Dome are also identified in the property information.
At 900 N Park Ave, the property sits across from Edward Vincent Jr. Park, a 55-acre public space with walking paths, tennis courts, recreation facilities, and open green space. The surrounding street is lined with trees and is predominantly residential, with single-family homes nearby. Local shopping and dining, major transportation corridors, SoFi Stadium, the Kia Forum, and Intuit Dome are also identified in the property information.
Key Highlights
- Four one‑bedroom, one‑bathroom apartments
- Remodeled apartment interiors and completed exterior renovations
- Newer roofs
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,422
Cap Rate
2.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$668,440
$668.4K
Cap Rate 7%
$477,457
$477.5K
Cap Rate 9%
$371,356
$371.4K
Market Conditions
NOI Build-Up for 2,356 SF
Gross rent
$48.1K $20.40/SF
− Vacancy
−$317 −$0.13/SF
EGI
$47.7K $20.27/SF
− OpEx
−$14.3K −$6.08/SF
NOI
$33.4K $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 Rate 5%
$668,440
Cap Rate 7%
$477,457
Cap Rate 9%
$371,356
Alternative Uses
Best Use
Multifamily LT 5
$477.5K
$417.8K – $557.0K
NOI $33,422 @ 7.0% cap · market cap 2.91%
Second Best
Apartment 5plus
$416.9K
$364.8K – $486.4K
NOI $29,183 @ 7.0% cap · market cap 2.54%
Theoretical Best
Office A
$961.2K
$841.1K – $1.12M
NOI $67,287 @ 7.0% cap · market cap 5.85%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
684
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
Frequently Asked Questions
What type of property is this?
Quadplex - The apartment mix consists of one-bedroom, one-bathroom homes, with a private front yard for the front residence.
Where is this quadplex located?
The property is located at 900 N Park Ave Inglewood, CA.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Four one‑bedroom, one‑bathroom apartments; Remodeled apartment interiors and completed exterior renovations; Newer roofs
