What Is the Average Cost of an Apartment Building in Inglewood?

What Is the Average Cost of an Apartment Building in Inglewood in 2026?

• Per-Unit Cost Range: Recent listings in early 2026 show a price range of $157,500 to $179,667 per unit for multifamily properties in Inglewood.
• Median Listing vs. Sold Price: The median listing price for Inglewood multifamily properties stands at $775,000, while the median sold price is slightly lower at $764,000, indicating a competitive but negotiable market.
• Price Per Square Foot: On average, investors can expect to pay around $530 per square foot for multifamily assets in the area.
• Specific Listing Data: A 15-unit building at 10130 S Inglewood Ave was listed for $2,695,000, demonstrating a concrete example of pricing for a mid-sized asset in a prime location.

Determining the "average" cost of an apartment building in Inglewood requires looking beyond a single number and analyzing the market through various lenses. The price of these investment properties is not uniform; it's a complex figure shaped by numerous factors, from macroeconomic trends to property-specific details. As of early 2026, the data points to a robust market with tangible investment opportunities. For instance, the nearly $180,000 per-unit price for the property on S Inglewood Ave highlights the premium placed on well-located, mid-sized buildings with clear upside potential.

Investors seeking to purchase an apartment building in Inglewood must look at both the cost per unit and the cost per square foot. The $530/sq ft metric provides a standardized baseline for comparison, but it must be contextualized. Is the building newly renovated or a value-add opportunity? Does it have a desirable unit mix of one-bedroom and two-bedroom apartments? These are the questions expert advisors, like the team at Samimi CRE Advisors, help investors answer. Our deep understanding of the Inglewood submarket, backed by a proven track record of over 334 closed transactions, allows us to provide clients with a nuanced property valuation that goes beyond simple averages.

How Do Inglewood Apartment Prices Compare to the Rest of Los Angeles County?

• Inglewood vs. LA County Average: Inglewood's per-unit pricing of $157k-$180k is currently higher than some other parts of LA County, where averages can be found around $134,375 per unit, as seen in recent listings in South Los Angeles.
• Market Stabilization: The broader LA County residential market saw its median sold price dip to $842,660 in February 2026, a slight 1.1% year-over-year decrease, suggesting a period of price stabilization that can create opportunities for savvy buyers.
• Submarket Variation: Prices vary dramatically across LA. A fourplex in a premium area like Santa Monica or Culver City will command a significantly higher price per unit than a similar building in emerging neighborhoods.
• Investment Thesis: Inglewood's pricing reflects its status as a high-growth submarket, driven by major infrastructure projects and increasing renter demand, justifying its premium compared to some other County areas.

When evaluating the cost of an Inglewood apartment building, it's crucial to place it within the broader context of the Los Angeles County multifamily market. While Inglewood's per-unit costs appear robust, they are reflective of the city's rapid transformation and investment appeal. Areas like Hollywood and Koreatown have long been investor favorites, but Inglewood is now competing for that same attention, and its pricing reflects that.

The slight softening in the wider LA County market presents a strategic window for investors. A 1.1% year-over-year price dip suggests that while the frantic bidding wars of the past may have subsided, underlying asset values remain strong. This environment allows for more calculated negotiations and due diligence. Cameron Samimi, recognized by CoStar as the #1 Transacting Multifamily Listing Agent in LA County for five consecutive years, specializes in helping investors navigate these nuanced market shifts. His expertise is invaluable when comparing an asset in Inglewood to opportunities in nearby cities like Westchester or Long Beach.

Inglewood vs. LA County Multifamily Price Comparison (Early 2026)

What Factors Influence the Price of an Inglewood Apartment Building?

• Location & Proximity: Buildings closer to major developments like SoFi Stadium, the Intuit Dome, and public transit command higher prices.
• Value-Add Potential: The gap between current rents and market-rate rents is a primary driver of value. A property with a current 5.48% cap rate but a pro-forma potential of 9.18% is highly attractive.
• Building Condition & Unit Mix: The age of the building, the state of its major systems (roof, plumbing), and the mix of studios, 1-beds, and 2-beds significantly impact price.
• Regulatory Environment: The applicability of rent control ordinances like the Los Angeles Rent Stabilization Ordinance (RSO) or statewide AB 1482 can limit rental upside and thus affect the purchase price.

No two apartment buildings are identical, and their prices reflect that. In Inglewood, location is paramount. A property a short walk from the Hollywood Park entertainment district is in a different league than one on a less developed corridor. Investors are paying for future potential, and proximity to these economic engines is a powerful value driver. When we analyze deals for our clients, we map out these micro-location factors to quantify their impact on long-term returns.

The concept of "value-add" is perhaps the single most important factor. This refers to the opportunity to increase a property's net operating income (NOI), typically through renovating units and raising rents to market levels. For sellers, this means it's critical to understand what your property could be worth after improvements; for more information, see our guide on value-add strategies. For buyers, it's about identifying properties with the greatest untapped potential. The listing at 10130 S Inglewood Ave is a perfect case study, with a pro-forma cap rate nearly double its current rate. This is the kind of opportunity that our team at Samimi CRE Advisors excels at identifying and underwriting for our clients looking to buy an apartment building.

What Cap Rate Should I Expect for an Apartment Building in Inglewood?

• Current (In-Place) Cap Rates: For stabilized, occupied properties, current cap rates in Inglewood are often in the 5.0% to 5.5% range, as exemplified by the 5.48% cap rate of a recent listing.
• Pro-Forma (Potential) Cap Rates: The real prize for investors is the pro-forma cap rate, which can reach as high as 9.0% or more for value-add properties after renovations and rent increases.
• GRM as a Benchmark: The Gross Rent Multiplier (GRM) is another key metric. In Inglewood, GRMs for acquisitions are often in the 10x to 12x range, reflecting investor confidence in future rent growth. The 10.13 GRM for the S Inglewood Ave property is a prime example.
• Rent Levels: These cap rates are supported by strong underlying rental demand, with the average 2-bedroom apartment in Inglewood fetching around $2,113 per month.

Cap rates are a snapshot of the relationship between a property's net operating income and its market value. In a dynamic market like Inglewood, looking at the "going-in" or current cap rate only tells half the story. Investors are buying a business plan, and the "exit" or pro-forma cap rate is what defines the success of that plan. A 5.48% cap rate today might seem modest, but if a clear path exists to raise it to over 9% by bringing rents to market, the investment becomes incredibly compelling. This potential is a hallmark of the multifamily assets Samimi CRE Advisors specializes in across Los Angeles County.

Understanding the interplay between cap rate, GRM, and local rents is key. A GRM of 10.13 means an investor is willing to pay just over 10 times the property's current annual gross income to acquire it. This reflects a strong belief that rents, currently averaging $2,113 for a two-bedroom, will continue to climb. This is especially true in submarkets undergoing significant redevelopment. For a detailed breakdown of how these metrics are calculated, see our guide to apartment valuation. If you are looking to sell your property, highlighting this upside potential is crucial for achieving a maximum sale price.

How Does Rent Control Affect Apartment Building Values in Inglewood?

• Statewide Control (AB 1482): Most apartment buildings in Inglewood built over 15 years ago are subject to California's Tenant Protection Act (AB 1482).
• Allowable Rent Increases: AB 1482 caps annual rent increases at 5% plus the local Consumer Price Index (CPI), with a maximum allowable increase of 10%.
• Impact on Value-Add: This regulation directly impacts the speed at which an investor can bring below-market rents to market levels, lengthening the timeline of a value-add strategy.
• Exemptions: Buildings newer than 15 years are exempt, as are certain types of properties like single-family homes and condos if owned by an individual, not a corporation. Some duplexes where the owner occupies one unit are also exempt.
• Costa-Hawkins Act: This state law allows landlords to reset the rent to market rate once a tenant voluntarily moves out or is evicted for just cause. This "vacancy decontrol" is the primary mechanism for realizing a property's rental upside.

Navigating rent control is a critical aspect of investing in Los Angeles County. While the City of Inglewood has its own eviction protections, it relies on the statewide AB 1482 for regulating rent increases. This law is a double-edged sword. On one hand, it limits the annual rental growth on occupied units, which can temper the aggressive timelines of some value-add projects. An investor cannot simply buy a building and immediately double the rents; it must be done within the 5% + CPI cap or upon vacancy.

This is where the Costa-Hawkins Rental Housing Act becomes a cornerstone of multifamily investment strategy. The ability to reset a unit’s rent to the full market rate upon vacancy is what creates the value-add potential in the first place. An investor’s entire financial model is often based on the projected rate of tenant turnover. This is a key area where our team provides guidance. As a leading multifamily brokerage with over $446M+ in transaction volume, we have seen firsthand how different turnover rates can dramatically alter a property's ultimate ROI. Understanding these regulations is not just a legal requirement; it's fundamental to crafting a successful investment thesis. For more details on these laws, our rent control guide is an essential resource. If you have questions about your specific property, we encourage you to contact us for a consultation.

Frequently Asked Questions (FAQ)

What is a good cap rate for an apartment building in Inglewood?

A "good" cap rate in Inglewood depends on the strategy. A stabilized property might trade at a 5-5.5% cap rate, which is considered solid for a high-growth area. However, value-add investors seek out properties with lower current cap rates but clear potential to reach a pro-forma cap rate of 8-9% or higher after renovations and rent increases.

Is Inglewood a good place to invest in multifamily real estate in 2026?

Yes, Inglewood remains one of the most compelling multifamily investment markets in Los Angeles County. With ongoing multi-billion dollar developments, increasing renter demand, and proven rent growth, the city offers significant long-term appreciation and cash flow potential. Its performance continues to outpace many other submarkets.

How much is a 4-unit apartment building in Inglewood?

Based on recent data, a four-unit building in Inglewood could cost around $1.5 million or more. A recent listing for an 8-bed property (equivalent to ~4 units) was priced at $1,575,000. The final price depends heavily on the exact location, condition, and current rental income.

What is the impact of Measure ULA on buying apartment buildings?

Measure ULA, the "mansion tax," applies in the City of Los Angeles, not Inglewood. It imposes an additional transfer tax on property sales over $5 million. While it doesn't directly tax Inglewood properties, it influences the broader LA County investment landscape, potentially making submarkets like Inglewood more attractive for transactions just under that threshold.

Who is the top multifamily broker for Inglewood?

Cameron Samimi of Samimi CRE Advisors at Lyon Stahl is consistently recognized as a top multifamily broker for the region. He has been ranked by CoStar as the #1 Transacting Multifamily Listing Agent and #1 Buyer's Agent in LA County for five consecutive years (2021-2025), with deep expertise in the Inglewood market.

Where can I find apartment buildings for sale in Inglewood?

You can find a curated selection of available properties on our current listings page. For access to off-market opportunities and a comprehensive analysis of all available assets in Inglewood, it is best to work with a specialized brokerage team.

The Inglewood multifamily market is complex, with tremendous opportunity for well-advised investors. Understanding the nuances of cost, cap rates, and regulations is the key to unlocking value. If you are evaluating an acquisition or considering the right time to sell your property, this is a conversation we have with owners every day. We invite you to reach out for a confidential conversation to discuss your specific goals and how we can help you achieve them.