
Inglewood, California 90301
This fully leased quadruplex represents a High-Potential Investment Opportunity, currently listed at a List Price of $1,599,800, which aligns with its $1,599,800 Fair Market Value. Featuring an R3 Zoning designation and a Condition Rating of 3, this asset offers immediate, stable cash flow from four tenant-occupied units. Recent capital improvements, including a 2022 roof and upcoming 2027 RSIP upgrades, minimize future maintenance costs. This property is an ideal acquisition for Buy-and-Hold Investors or Portfolio Diversifiers seeking a turnkey, income-generating asset in a high-growth corridor.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 532 S Flower Street Subject | $1,599,800* List Price | 0 | 0 | 4,424 | $362 | - |
A 1013 E La Palma Active | $1,877,777 List Price | 0 | 0 | 4,750 | $395 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While originally built in 1928, the property has undergone significant recent renovations including a new roof (2022), updated kitchens, and an upgraded electrical panel. Interior photos show modern laminate flooring and fresh paint, making it move-in ready, though some systems like HVAC and windows are scheduled for replacement in 2027.
Situated in a premier growth corridor near SoFi Stadium and Hollywood Park, this property is perfectly positioned to benefit from Inglewood's ongoing multi-billion dollar redevelopment.
The quadruplex is fully leased at market rates and professionally managed, providing stable cash flow and a 'slam dunk' investment opportunity from day one.
The property is approved for the Residential Sound Insulation Program (RSIP) in 2027, which will provide free upgrades to HVAC, doors, and windows, significantly reducing future owner expenses.
Originally built in 1928, the property may require more intensive long-term maintenance or systemic updates compared to newer construction, despite recent improvements.
With over 70 days on market and multiple price reductions from the original list price, the property has faced initial resistance in the current interest rate environment.
Come and get it! Fully leased and professionally managed quadruplex with strong income at an impressive 12.78 GRM. Great opportunity to own an extensively improved 4 unit property situated on a spacious 9,627 square foot R3 zoned lot, just moments from SoFi Stadium, the Kia Forum, Hollywood Park, and the ongoing redevelopment transforming Inglewood. All four units are tenant occupied at market rates, providing immediate and stable rental income from day one. This turn key asset has benefited from thoughtful upgrades and improvements and is professionally managed and operated. Recent enhancements include a new roof installed in 2022, a permitted kitchenette in the main house, an updated kitchen in the main house, and an upgraded electrical panel. The property has also been approved for additional improvements through the Residential Sound Insulation Program (RSIP). Scheduled for installation in early 2027, and transferable to the next owner, these improvements include upgraded HVAC systems, new interior and exterior doors, and dual and triple pane windows, representing a substantial future benefit at no cost to the buyer. The property also offers four attached single car garages, creating valuable parking and storage options. Buyers may wish to explore the potential for future ADU conversion, subject to city requirements and approvals, adding another layer of long term upside. With strong in place income, significant recent capital improvements, development friendly R3 zoning, and a premier location in one of Southern California's most dynamic growth corridors, this property presents an exceptional combination of current cash flow and future appreciation potential. This one is a slam dunk and truly does not disappoint.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.0 |
| Baths | 0.0 | 3.0 |
| Square foot | 4,424 | 2,746.25 |
| Lot Size | 9,615 | 7,862 |
| Price | $1.60M | $911.5K |
| Price per sq ft | $362 | $21.5K |
| Built year | 1928 | 1958 |
| HOA | $0 | $0 |
| Days on market | 99 | 117 |
Jul 24, 2026
$1,599,800
$1,649,800
-3% Price Drop
Initial Listing
Jun 18, 2026
$1,649,800
$1,699,800
-3% Price Drop
Initial Listing
Jun 2, 2026
$1,699,800
Initial Listing
Jun 11, 2021
$1,300,000
Public Record
Dec 2, 2003
$500,000
Public Record
Apr 23, 2001
$307,000
Public Record