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1042 N Market Inglewood, CA $ 1,200,000
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$ 1,200,000 Get more info
1042 N Market
$ 1,200,000
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1042 N Market

Inglewood, CA, 90302
$ 1,200,000
Bedrooms-- Baths3.0 Sq 5,037

Monthly Estimate*

$ 7,577

Listed by COMMONWEALTH REALTY GROUP
1042 N Market, Inglewood, CA 90302 - Image 1
1042 N Market, Inglewood, CA 90302 - Image 2
1042 N Market, Inglewood, CA 90302 - Image 3

Commercial Property for sale in Inglewood, CA

for $1,200,000 with 3 full baths. This 5,037 square foot building was built in 1953 on a lot size of 0.1156.

This five-unit investment property offers incredible potential with its prime location and promising rental upside. Featuring 4 -spacious two bedroom / one bathroom units, and 1- one bedroom / one bathroom unit. 4 of the units have their own private garages, and there are 2 courtyard areas that could be used as outdoor space for the tenants. This property is located in a highly desired neighborhood and is conveniently close to major attractions such as he future Clippers Arena, the Kia Forum, LAX, SoFi Stadium, nearby shopping and the breathtaking Beach Cities and 4.5 miles from Los Angeles International Airport (LAX) This property is a gem waiting to be polished, but with the booming demand for housing in the area, renovating and upgrading this property presents an excellent opportunity to increase rental income and maximize returns over time. Don't miss out on this fantastic opportunity to own a multi-unit property in one of North Inglewood's most desirable neighborhoods. Take advantage of the incredible location, proximity to major attractions, and the potential for increased rental income. Great fixer upper opportunity. (The property is located in FEMA flood zoneX, indicating minimal flood risk).

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Commercial Active

Price

$ 1,200,000

Full Bath

3

Property Type

Commercial

Taxes

$ 5,878

Style

Lot Size

0.1156

Year Built

1953

Town/City

Inglewood

County/Region

Los Angeles

MLS | Web ID

MB26117076

Days on Market

55
Features
General
Heating Floor Furnace
Cooling Wall/Window Unit(s)
Utilities Cable Available Electricity Available Natural Gas Available Phone Available Sewer Available Water Available
Roof Shingle
Security Features Carbon Monoxide Detector(s)
Year Built 1953
Electric Heavy
Property Subtype Multi Family
Tax Year 2026
Current Use Multi-Family
Business Type Multi-Tenant
County Los Angeles
Operating Expense 11878.73
Insurance Expense 4500
Property Type Commercial Sale
MaintenanceExpense 200
Special Listing Conditions Standard
Status Active
Directions 10 Fwy Santa Monica to 110 Fwy S Los Angeles
City Inglewood
Number Of Units Total 5
MLS Area 101 - North Inglewood
Lot Size Units Square Feet
Lot Size Square Feet 5037
Number of Units Leased 1
Listing Terms Cash Conventional FHA 203(k)
Land Lease Y/N false
Tax Annual Amount 5878.73
Electric Expense 900
Trash Expense 100
Water Sewer Expense 300
Additional Parcels Y/N false
Lease Considered Y/N false
Building Area Units Square Feet
Standard Status Active
Occupancy Type Tenant
Year Built Source Public Records
Property Sub Type Additional Multi Family
Cap Rate 9.17
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Interior
Total Stories 2
Air Conditioning Y/N true
Heating Y/N true
Laundry Features Outside
Entry Level 2
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Exterior
Fencing Block Wrought Iron
Lot Features 2-5 Units/Acre Back Yard Street Level
Water Source Public
Lot Size Area 5037
Number of Buildings 2
Building Area Total 5037
Lot Size Acres 0.1156
Lot Size Source Assessor
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* Excluded Features
List By
Commonwealth Realty Group

Broker

DCADIRECTASSETS@GMAIL.COM

Email

Affordability Calculator

$8,067
Per Month
94%
6%
0%
Monthly Principal & Interest
$7,577
Monthly Property Taxes
$490
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
7/26/2026$1,200,000 -9.09% Price Down
6/15/2026$1,320,000 Listed Price

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1042 N Market, Inglewood, CA, 90302 is a Commercial Property for sale at $1,200,000 with 5,037 sqft and a lot size of 0.1156. 1042 N Market has 3.0 baths and was built in 1953. The property's zip code is 90302 which is in Inglewood, CA

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