
Inglewood, California 90303
This Turnkey Triplex is a High-Potential Investment Opportunity listed at $999,000, offering exceptional stability at its $999,000 Fair Market Value. Boasting an Excellent Condition Rating, the property features three fully vacant, renovated units plus a 60% complete studio bonus unit. Located just eight blocks from SoFi Stadium, it offers a projected 8.1% Cap Rate and 10.47 GRM within the Inglewood Unified School District. With modern upgrades like EV charging and mini-splits, this asset is a premier choice for House Hackers or Buy-and-Hold Investors seeking immediate cash flow.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3944 W 111th Place Subject | $999,000* List Price | 0 | 0 | 4,780 | $209 | - |
A 3944 W 111th Place Active | $999,000 List Price | 3 | 4 | 4,780 | $209 | - |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
While originally built in 1948, this triplex has undergone an extensive recent renovation within the last 5 years, meeting the criteria for excellent condition. The units are turnkey and feature modern kitchens with stainless steel appliances, updated bathrooms with contemporary vanities and glass shower enclosures, and new flooring throughout. Significant capital improvements include a new roof, updated electrical panels with EV charging, a replaced main sewer line, new windows, and the installation of efficient mini-split heating and cooling systems.
Situated just eight blocks from SoFi Stadium and the Intuit Dome, the property is perfectly positioned to capitalize on high rental demand and lucrative short-term rental potential driven by year-round major events.
Boasting a projected 8.1% cap rate and a GRM of 10.47, this fully vacant triplex offers rare investment performance for the Southern California market, allowing for immediate market-rate leasing.
The property features significant capital improvements including a new roof, replaced main sewer line, updated electrical with EV charging, and individual mini-split systems, significantly reducing immediate maintenance liabilities.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 4780, other record living area = 1480.
The studio bonus unit is only 60% complete, requiring the buyer to oversee and fund the remaining construction and final permitting before it can be utilized for income.
Proximity to world-class stadiums results in significant traffic, noise, and restricted street access during major events, which may be a deterrent for certain long-term residential tenants.
A property that checks investor boxes and owner-user dreams tends to sound a little mythical… until you realize this one is very real. From an investment standpoint, the numbers tell a compelling story: projected gross income of $95,400, and even after factoring in a conservative 15% expense ratio, you’re looking at approximately an 8.1% cap rate with a GRM of 10.47—metrics that are virtually unheard of in this market. Three turnkey units—FULLY VACANT—plus a 60% completed studio bonus unit already in progress, offering immediate income with additional upside. Positioned just eight blocks from SoFi Stadium and Intuit Dome, you’re right in the middle of year-round events, concerts, and energy. The setup is ideal for a savvy house hacker or investor. Live in one unit and let the others offset your payment. With a 2-bed/1-bath, 1-bed/1-bath, and a junior ADU already dialed in, the heavy lifting is done. Each unit includes its own washer/dryer, new windows, and efficient mini-splits for comfort and convenience. Major upgrades include a brand-new roof on the rear structure, replaced main sewer line with new concrete, updated electrical panel, EV charger, yard lighting, and security cameras—making “turnkey” truly mean something here. The outdoor space offers room to entertain, relax, and enjoy the SoCal weather, plus parking for 7–8 cars—a rare find in this area. Permits are already pulled for a potential fourth unit, creating even more upside. Between long-term rental income and Airbnb potential thanks to the stadium location, the flexibility here is unmatched. Smart strategy. Flexible living. Built-in opportunity. Opportunities like this—with this level of income and upside—don’t last. This might be the move that changes your real estate game.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 4,780 | 3,074 | 75% |
| Lot Size | 6,017 | 7,001.5 | 50% |
| Price | $999.0K | $1.13M | 25% |
| Price per sq ft | $209 | $405 | 25% |
| Built year | 1948 | 1959 | 25% |
| HOA | $0 | $0 | 50% |
| Days on market | 13 | 118 | 25% |
Apr 9, 2026
$999,000
Initial Listing
Oct 28, 2022
$790,000
Public Record
Aug 2, 2017
$555,000
Public Record
Feb 12, 2010
$275,000
Public Record