Two-Unit
New
For Sale
$1,099,000
944 Kenwood, Inglewood, CA 90301
Separate front and rear residences offer flexible occupancy options for an owner-occupant or rental operation.
Property Size2,748 SF
Days on Market5
Property Features for 944 Kenwood
General Information
Standard status
Active
Size
2,748 SF
Property subtype
MULTI_FAMILY
Units
Unit Mix
1 x 2BR/1BA, 1 x 3BR/2BA
Multifamily Units
2
Additional Details
Highway Access
Yes
Building Details
Building Size
2,748 SF
Year Built
1947
Listing Agency:
CALIFORNIA 5 STAR REALTY
Listed By:
TERRILL RILEY · License #01320847
Source:
Evecap
Added: Sep 11
Changed: Sep 13
Last Checked: Sep 15 at 9:19AM
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 CALIFORNIA 5 STAR REALTY
Investment Insights
Based on property information with market context.
Built in 1947, this duplex contains two separate residences. The front home provides 2 bedrooms and 1 bathroom, while the rear home includes 3 bedrooms and 2 bathrooms, creating distinct living arrangements within the property.
The property is located in Inglewood near SoFi Stadium, Intuit, Kia Forum, LAX, restaurants, and shopping. Access to the 405, 110, and 105 freeways places multiple regional routes nearby.
The property is located in Inglewood near SoFi Stadium, Intuit, Kia Forum, LAX, restaurants, and shopping. Access to the 405, 110, and 105 freeways places multiple regional routes nearby.
Key Highlights
- Two‑unit duplex with separate front and rear residences
- Front residence includes 2 bedrooms and 1 bathroom
- Rear residence includes 3 bedrooms and 2 bathrooms
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
$38,982
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
3.55%
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%
$779,640
$779.6K
Cap Rate 7%
$556,886
$556.9K
Cap Rate 9%
$433,133
$433.1K
Market Conditions
NOI Build-Up for 2,748 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
$56.1K $20.40/SF
− Vacancy
−$370 −$0.13/SF
EGI
$55.7K $20.27/SF
− OpEx
−$16.7K −$6.08/SF
NOI
$39.0K $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%
$779,640
Cap Rate 7%
$556,886
Cap Rate 9%
$433,133
Alternative Uses
Best Use
Multifamily LT 5
$556.9K
$487.3K – $649.7K
NOI $38,982 @ 7.0% cap · market cap 3.55%
Second Best
Apartment 5plus
$486.3K
$425.5K – $567.3K
NOI $34,039 @ 7.0% cap · market cap 3.10%
Theoretical Best
Office A
$1.12M
$981.0K – $1.31M
NOI $78,483 @ 7.0% cap · market cap 7.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,480
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
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Duplex - Separate front and rear residences offer flexible occupancy options for an owner-occupant or rental operation.
Where is this duplex located?
The property is located at 944 Kenwood Inglewood, CA.
What is the asking price?
The asking price for this property is $1,099,000.
What are key features of this property?
This property features: Two‑unit duplex with separate front and rear residences; Front residence includes 2 bedrooms and 1 bathroom; Rear residence includes 3 bedrooms and 2 bathrooms
