10-Unit Apartment
New
For Sale
$2,175,000
934 W Beach Ave, Inglewood, CA 90302
The building offers a mix of one- and two-bedroom homes, garage parking, and shared laundry facilities.
Property Size7,652 SF
Days on Market3
Property Features for 934 W Beach Ave
General Information
Standard status
Active
Size
7,652 SF
Property subtype
Multifamily
Occupancy
100%
Units
Unit Mix
4 x 2BR/1BA, 6 x 1BR/1BA
Multifamily Units
10
Additional Details
Cap Rate
6%
Amenities
garage parking
on-site laundry
First Time on Market in over 44 Years!
Attractive Unit Mix of Four 2 Bedrooms and Six 1 Bedroom Units
Garage Parking
On-Site Laundry Room
Great Residential Inglewood Location
Building Details
Building Size
7,652 SF
Units
10
Listed By:
Jon Weir · License #License(s): CA: 02038545
(424) 405-3855
Source:
Marcusmillichap
Added: Oct 9
Changed: Oct 10
Last Checked: Oct 11 at 2:55AM
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 Jon Weir
Investment Insights
Based on property information with market context.
This 10-unit apartment property in Inglewood comprises six one-bedroom, one-bathroom apartments and four two-bedroom, one-bathroom apartments. Garage parking and on-site laundry serve residents, while gas and electricity are separately metered. The property is being offered for sale after more than 44 years of ownership.
Westfield Culver City is a few blocks away. The property is also described as having access to retail, dining, employment centers, and major transportation corridors.
Westfield Culver City is a few blocks away. The property is also described as having access to retail, dining, employment centers, and major transportation corridors.
Key Highlights
- 10 apartments: six one‑bedroom/one‑bathroom units and four two‑bedroom/one‑bathroom units
- Garage parking and on‑site laundry
- Gas and electricity are separately metered
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$94,783
Cap Rate
4.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,895,660
$1.9M
Cap Rate 7%
$1,354,043
$1.4M
Cap Rate 9%
$1,053,144
$1.1M
Market Conditions
NOI Build-Up for 7,652 SF
Gross rent
$173.5K $22.68/SF
− Vacancy
−$1.2K −$0.16/SF
EGI
$172.3K $22.52/SF
− OpEx
−$77.5K −$10.13/SF
NOI
$94.8K $12.39/SF
Area
Inglewood, CA
Vacancy
0.70%
Lease Rate
$22.68 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,895,660
Cap Rate 7%
$1,354,043
Cap Rate 9%
$1,053,144
Alternative Uses
Best Use
Apartment 5plus
$1.35M
$1.18M – $1.58M
NOI $94,783 @ 7.0% cap · market cap 4.36%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.12M
$2.73M – $3.64M
NOI $218,541 @ 7.0% cap · market cap 10.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
10
Residential units
Location Intelligence
Trade Area within ½ mile
1,624
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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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Apartment building - The building offers a mix of one- and two-bedroom homes, garage parking, and shared laundry facilities.
Where is this apartment building located?
The property is located at 934 W Beach Ave Inglewood, CA.
What is the asking price?
The asking price for this property is $2,175,000.
What are key features of this property?
This property features: 10 apartments: six one‑bedroom/one‑bathroom units and four two‑bedroom/one‑bathroom units; Garage parking and on‑site laundry; Gas and electricity are separately metered
