642 E Fairview Boulevard, Inglewood, California 90302, Inglewood, 90302 - bed, bath

642 E Fairview Boulevard, Inglewood, California 90302 home-pic-0
ACTIVE$2,995,000
642 E Fairview Boulevard, Inglewood, California 90302
0Bed
0Bath
5,029Sqft
6,203Lot
Year Built
2025
Close
-
List price
$3M
Original List price
$3M
Price/Sqft
$596
HOA
-
Days on market
-
Sold On
-
MLS number
SB25259291
Home ConditionExcellent
Features
View-

About this home

We found 4 Cons,5 Pros. Rank: price - $3.00M(67th), sqft - 5029(67th), beds - undefined(50th), baths - undefined(50th).

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.

Price History

Date
Event
Price
11/14/25
Listing
$2,995,000
11/23/22
Sold
$525,000
Condition Rating
Excellent

This property is brand new construction, built in 2025, as explicitly stated in the listing and confirmed by the property analysis. The images showcase a sophisticated modern design with top-tier finishes, including contemporary kitchens with stainless steel appliances and light countertops, and bathrooms featuring modern vanities, black fixtures, glass shower enclosures, and large format tiling. The consistent light wood-look flooring, recessed lighting, and overall pristine condition indicate that all components are new and meet current quality standards with no deferred maintenance.
Pros & Cons

Pros

New Construction & Quality: Built in 2025 with exceptional craftsmanship, top-tier finishes, and sophisticated modern design, ensuring minimal immediate maintenance and high tenant appeal.
Significant Income Potential: Comprises two 4-bedroom townhomes and a detached 2-bedroom ADU, offering substantial rental income from multiple units.
Expansion & Maximization Potential: The ability to convert both garages into additional studio units provides a clear path to increase the property to 5 units, significantly boosting Net Operating Income (NOI) and cap rate.
Prime Location & Growth: Located in one of Inglewood’s most rapidly improving residential neighborhoods, surrounded by redevelopment, strong tenant demand, new amenities, and promising long-term growth.
Versatile Earning Power: Offers high potential for both traditional long-term rentals and lucrative short-term/Airbnb operations, providing flexibility and increased returns.

Cons

MLS Listing Discrepancy: Living area discrepancy between mls listing and other public or private record. mls listing living area = 5029, other record living area = 895.
Future Completion Date: With a 2025 year built and on-market date, the property is likely under construction or pre-sale, meaning no immediate occupancy or income generation upon purchase.
High Initial Investment: The list price of nearly $3 million represents a significant capital outlay, which may limit the pool of potential buyers/investors.
Additional Conversion Costs: While garage conversions offer substantial upside, the costs and effort associated with these modifications are not included and would require further investment by the buyer.

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