
Inglewood, California 90303
Analysis of 3944 W 111th Place, Inglewood, California 90303 is currently available with a list price of $999,000. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Inglewood Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is new construction or fully renovated.
Although built in 1948, the property has undergone extensive recent renovations and is presented in turnkey condition. The units feature modern laminate flooring, recessed lighting, updated kitchens with stainless steel appliances, and contemporary bathrooms with glass-enclosed showers. Significant system upgrades include new mini-split HVAC units, updated electrical panels with EV charging, a new roof on the rear structure, and new windows throughout, meeting the criteria for a fully renovated property with no deferred maintenance.
Situated just eight blocks from SoFi Stadium and Intuit Dome, the property is perfectly positioned to capitalize on high rental demand and premium short-term rental rates driven by year-round major events.
Boasting a projected 8.1% cap rate and a GRM of 10.47 with all units delivered vacant, this triplex offers rare immediate cash flow and investment performance that significantly outperforms the current market average.
The property features significant capital improvements including a new roof, updated electrical panels with EV charging, replaced sewer lines, and energy-efficient mini-splits, minimizing immediate maintenance costs for a new owner.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 4780, other record living area = 1480.
With the bonus studio only 60% complete and permits for a fourth unit pending finalization, the buyer must possess the capital and expertise to manage ongoing construction to realize the property's full value.
Proximity to world-class stadiums results in significant local traffic and noise during event days, which may impact the quality of life for long-term residents and complicate street access.
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 | 3.0 | 1.5 | 50% |
| Baths | 4.0 | 2.0 | 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