642 E Fairview Boulevard

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642 E Fairview Boulevard

Inglewood, CA 90302
Asking Price
$2.40M
Cap Rate
5.56%
Asset Type
Apartment Building Multifamily
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • The multifamily property is listed for sale at $2,400,000.
  • This apartment building asset features a total of 3 units.
  • Current financials reflect an operational cap rate of 5.56 percent.
  • The site is located at 642 E Fairview Boulevard in Inglewood.
  • Inglewood remains a high-growth market in the greater Los Angeles region.

What's Special

Priced at $2,400,000, this multifamily apartment building provides a stabilized investment asset in the Inglewood market. The property consists of 3 units, presenting a straightforward residential holding for investors seeking to maintain a foothold in this active Southern California corridor. Situated at 642 E Fairview Boulevard, the asset benefits from its placement within a densifying region known for its proximity to major sporting venues and significant infrastructure projects that continue to drive economic growth and residential demand across the South Bay area. Multifamily assets in this submarket typically attract stable, long-term tenancy due to the central location and ongoing regional development. The configuration of the 3 units allows for efficient management, making it a viable addition to a diversified real estate portfolio. Prospective buyers can leverage the current 5.56% cap rate to anchor their investment strategy in one of the most transformative pockets of Los Angeles County.

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NOI
$80,000
Cap Rate
3.33%
DSCR
0.56
Underwater
Cash-on-Cash
-8.68%
Monthly Payment
$11,873.891
Annual Cash Flow
$-62,486.686

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