Inglewood is where a lot of my investor clients end up once they run the numbers on the beach cities. A triplex in Redondo starts around $2 million. In Inglewood, 2 to 4 unit buildings trade roughly between $700,000 and $1.4 million, and the rents behind them are real, not aspirational. This page is the guide I wish existed when I started sending people here: what the buildings cost, what they rent for, what the city's rent control actually allows, and what SoFi and the Metro K Line have and have not done to values.
What Inglewood multifamily costs right now
The numbers below are market ranges from 2025 to 2026 listing and sales data. Every building is different, so treat them as the starting point for a conversation, not an appraisal.
| Building size | Typical price | Cap rate range |
|---|---|---|
| 2 to 4 units (duplex, triplex, fourplex) | $700K to $1.4M | 6.5% to 7.5% |
| 5 to 9 units | $1.1M to $2.8M | 6.0% to 7.0% |
| 10 to 19 units | $2.5M to $6.5M | 5.75% to 6.75% |
On fourplexes specifically, recent asking prices run from the mid $500Ks for buildings that need everything up to about $3 million for newer or renovated product, with a median around $1.25 million. That works out to roughly $310,000 to $410,000 per unit. Gross rent multipliers in the 10 to 13 range are normal for stabilized buildings; below 10 usually means deferred maintenance or below market rents, and both can be an opportunity if you know what you are buying.
What the units rent for
A typical Inglewood fourplex brings in somewhere between $6,000 and $11,500 a month depending on unit size, condition and whether the rents are at market or inherited from long term tenants. That last part matters more here than in most South Bay cities, because of rent control, which I cover next. When I underwrite a building with you, I pull the actual rent roll and compare it to what comparable units are leasing for today, so you know exactly how much upside is locked behind existing tenancies.
Inglewood rent control, in plain English
Inglewood has had its own Housing Protection Ordinance since December 2019, separate from Los Angeles city rules. Here is what it means for a small multifamily buyer:
- Buildings with a certificate of occupancy older than 15 years are covered. In practice that is nearly every triplex and fourplex in the city.
- For buildings with 4 or fewer units, the annual increase cap is currently 8 percent (the formula is 5 percent plus CPI, capped at 10). For 5 or more units it is 3 percent (greater of 3 percent or CPI, capped at 10).
- Owner occupied duplexes, single family homes and condos owned by individuals are exempt, with proper written notice to tenants.
- No fault evictions, including owner move in, require relocation assistance. The amounts change, so we confirm the current figure with the city before you make an offer that depends on moving into a unit.
The 8 percent cap on 2 to 4 unit buildings is more generous than LA's RSO, which is one reason small investors keep choosing Inglewood over the LA city pockets next door. It is still a cap. If your plan depends on getting inherited $1,400 rents to market overnight, the plan does not work here. If your plan is steady increases plus improving units as they turn over, it does.
SoFi, Intuit Dome and the Metro K Line: what actually changed
Investor interest in Inglewood rose sharply after SoFi Stadium opened, and again with Intuit Dome and the K Line stations. Prices moved. Cap rates did not compress as much as the headlines implied, because most tenants in older Inglewood buildings are long term residents whose rents are set by the ordinance, not by event traffic. The measurable premium is concentrated within about a half mile of the stadium campus, mainly in the 90301 and 90302 zip codes. Farther out, you are buying a normal Los Angeles County rental building with better than average fundamentals, and I think that is the honest way to price it.
Where the buildings are
Most 2 to 4 unit product sits in North Inglewood and the blocks around Market Street and Manchester, with pockets of larger buildings toward Century Boulevard. South Inglewood, near the Hawthorne border, has more single family homes with a scattering of duplexes and triplexes, and it is where I see the most competition from owner occupants using FHA or VA financing to house hack a triplex. If you want to live in one unit and rent the others, that is a legitimate and common way in, and it changes which financing and which rent control exemptions apply to you.
How I work with multifamily buyers here
I pull the rent roll, the permit history and the occupancy certificate date before we tour, so we know whether the building is under the ordinance and whether the existing rents leave room. I run a simple cash flow on every property you are serious about, with real taxes, insurance and vacancy, not the listing agent's proforma. And I will tell you when a building is priced for a 1031 buyer who does not care about cash flow, because you should not be the one paying that price.
If you are already watching Inglewood triplexes and fourplexes online, text me the addresses. I will tell you which ones are worth a look and which ones are wasting your weekend.
Looking at Inglewood multifamily?
I answer my own phone and handle every showing, offer and negotiation myself. Send me the buildings you are watching and I will run the numbers with you before you drive out.
Also useful: California ADU laws for adding units, and the pre-approval guide if you plan to owner occupy.