$2,750,000
NEW CONSTRUCTION $245K PRICE DROP

Estimated payment $14,884/month

Total Views 13,453
6 Beds
6 Baths
5,029 Sq Ft
$547 Price per Sq Ft

Highlights

  • New Construction
  • Laundry Room
  • Front Yard
  • Property is near park
  • Rectangular Lot
  • 2-minute walk to North Park

About This Home

642 E Fairview Blvd is a rare, high-end new-construction multi-unit opportunity in one of Inglewood’s most rapidly improving residential neighborhoods. This luxury development includes two attached 4-bedroom townhomes and a detached 2-bedroom ADU, built with exceptional craftsmanship and top-tier finishes throughout.
Each residence offers a sophisticated modern design with high-quality materials, designer fixtures, spacious open layouts, and private garages. The construction quality stands far above typical investment properties—ideal for owners or investors seeking long-term durability, premium rents, and minimal maintenance.
For income maximization, both garages can be converted into additional studio units, giving the property the potential to operate as up to 5 units and significantly boosting NOI and cap rate upside. The neighborhood is surrounded by rapid residential redevelopment, strong tenant demand, new cafés, and parks,—making it one of Inglewood’s most desirable pockets for long-term growth.
With the potential for Airbnb/short-term rental operation to dramatically increase returns, this property offers exceptional earning power in a high-growth area. A turnkey, luxury-built asset with unmatched versatility and income potential.

Listing Agent

Aazim Rajani

Realty ONE Group United Brokerage Phone: 310-951-0801 License #01971239 Listed on: 11/14/2025

Realty ONE Group United

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2025 | New Construction

Lot Details

  • 6,203 Sq Ft Lot
  • 1 Common Wall
  • Rectangular Lot
  • Sprinkler System
  • Front Yard

Parking

  • 4 Car Garage

Home Design

  • Triplex
  • Entry on the 1st floor

Interior Spaces

  • 5,029 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Additional Features

  • Rain Gutters
  • Property is near park

Listing and Financial Details

  • Tax Lot 39
  • Tax Tract Number 5972
  • Assessor Parcel Number 4013033003
  • $432 per year additional tax assessments

Community Details

Overview

  • 2 Buildings
  • 3 Units

Amenities

  • Laundry Facilities

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $5,000
  • New Taxes Expense $35,000
  • Operating Expense $40,000
  • Gross Income $222,000
  • Net Operating Income $170,000

Property Details

Home Type

Multi-Family

Year Built

Built in 2025 | New Construction

Lot Details

0

Parking

4

Listing Details

  • CapRate: 6.18
  • Property Attached: Yes
  • New Construction: Yes
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 4013033003
  • Year Built: 2025
  • Special Features: NewHome

Interior Features

  • Stories: 2
  • Common Walls: 1 Common Wall
  • Entry Level: 1
  • Price Per Square Foot: 546.83

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 10.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area, Gas Dryer Hookup, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Gutters, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Rectangular Lot, Park Nearby, Sprinkler System
  • Lot Size Sq Ft: 6203.00
  • Lot Size Acres: 0.1424

Multi Family

  • Gross Income: 222000.00
  • Gross Scheduled Income: 210000.00
  • Insurance Expense: 5000.00
  • Lot Size Area: 6203.0000 Square Feet
  • Net Operating Income: 170000.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Operating Expense: 40000.00
  • Rent Control: No
  • Total Expenses: 40000.00

Tax Info

  • New Taxes Expense: 35000.00
  • Tax Lot: 39
  • Tax Tract Number: 5972
  • TaxOtherAnnualAssessmentAmount: 432.00

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $7,069 $546,210 $494,190 $52,020
2024 $7,069 $535,500 $484,500 $51,000
2023 $6,997 $525,000 $475,000 $50,000
2022 $1,835 $115,035 $99,580 $15,455
2021 $1,817 $112,780 $97,628 $15,152
2020 $1,747 $111,624 $96,627 $14,997
2019 $1,719 $109,436 $94,733 $14,703
2018 $1,694 $107,291 $92,876 $14,415
2016 $1,602 $103,126 $89,270 $13,856
2015 $1,585 $101,578 $87,930 $13,648
2014 $1,589 $99,589 $86,208 $13,381
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/06/2026 01/06/26 Price Changed $2,750,000 -8.2% $547 / Sq Ft
11/14/2025 11/14/25 For Sale $2,995,000 +470.5% $596 / Sq Ft
11/18/2022 11/18/22 Sold $525,000 +16.9% $587 / Sq Ft View Prior Sale
11/02/2022 11/02/22 For Sale $449,000 -- $502 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Purchase History

Date Type Sale Price Title Company
Grant Deed $525,000 Orange Coast Title
Interfamily Deed Transfer -- --
Source: Public Records

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB25259291

California Regional Multiple Listing Service (CRMLS)

APN: 4013-033-003