642 E Fairview Boulevard, Inglewood, California 90302, Inglewood, 90302 - 10 bed, 10 bath

642 E Fairview Boulevard, Inglewood, California 90302 home-pic-0
ACTIVE$2,995,000
642 E Fairview Boulevard, Inglewood, California 90302
10Beds
10Baths
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
SB25260741
Home ConditionExcellent
Features
ViewNeighborhood

About this home

We found 4 Cons,5 Pros. Rank: price - $3.00M(67th), sqft - 5029(67th), beds - 10(67th), baths - 10(67th).

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 listed as new construction with a year built of 2025, indicating it is brand new. The MLS description highlights 'exceptional craftsmanship and top-tier finishes throughout' and a 'sophisticated modern design.' The images confirm this, showcasing a pristine, modern aesthetic with new stainless steel appliances, contemporary flat-panel cabinetry, white solid-surface countertops, and stylish gold/brass hardware in the kitchen. Bathrooms feature modern vanities, sleek fixtures, and clean tiling. All flooring is new, light wood-look material, and lighting is recessed throughout. There is no evidence of wear, tear, or outdated components, aligning perfectly with the 'Excellent' criteria for a newly built property with virtually new components and no deferred maintenance.
Pros & Cons

Pros

New Construction & Luxury Finishes: Brand new, high-end construction with exceptional craftsmanship, top-tier materials, and designer fixtures, ensuring modern appeal and long-term durability.
Significant Income Potential: Features three existing units (two 4-bed townhomes, one 2-bed ADU) with the potential to expand to five units by converting garages, offering substantial NOI and cap rate upside.
Strategic High-Growth Location: Situated in a rapidly improving Inglewood neighborhood experiencing significant residential redevelopment, strong tenant demand, and new local amenities, promising long-term appreciation.
Versatile Rental Strategy: Offers flexibility for various rental strategies, including traditional long-term leases and high-yield Airbnb/short-term rental operations, maximizing earning power.
Turnkey & Low Maintenance: A luxury-built, turnkey asset designed for long-term durability and minimal maintenance, making it an attractive option for both owner-occupants and investors.

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. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 10, other record bedroom count = 3.
Future Delivery/Income Delay: Listed with a 2025 year built and on-market date, indicating the property is likely under construction or not yet completed, delaying immediate income generation.
High Capital Outlay: The nearly $3 million list price represents a significant initial investment, which may limit the buyer pool despite the property's strong income potential.
Additional Investment for Maximized Units: Realizing the full 5-unit potential requires further investment and effort for garage conversions, which is an additional cost beyond the initial purchase price.

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