324 E Tamarack Ave - Apartments FOR SALE


Inglewood, CA 90301
$2,400,000 USD
424-239-5903
324 E Tamarack Ave, Inglewood, CA for Sale
$2,400,000 USD
Apartments - FOR SALE
1/11
null | 5.44% Cap Rate

324 E Tamarack Ave
Inglewood, CA 90301


HIGHLIGHTS

  • Oversized Units (average 956 SF with 45% 1-bed units)
  • Central Air and Heat with Individual Condensers
  • Views of The Forum, The Intuit Dome, and SOFI Stadium
  • Private Balconies and Patios
  • Covered Parking (1:1 Ratio)

OVERVIEW

IMPROVED INCOME: Actual 5.44% Cap Rate. 324 E. Tamarack Ave in Inglewood is a tremendous value-add opportunity and not subject to Los Angeles rent control. This 9-unit property is nestled in a prime residential neighborhood within the trending community of Inglewood. The property’s unique features (oversized units, private balconies/patios, A/C systems, covered parking) provide a competitive leasing advantage. With an in place Cap Rate of 5.44% and 20% in rental upside, there is ample room to increase revenue in line with the growing demand of Inglewood's thriving rental market.

FOR SALE DETAILS

PRICE

$2,400,000 USD

PRICE/SF

$244 USD /SF

# OF UNITS

9

PRICE/UNIT

$266,667

CAP RATE

5.44%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1961

PARKING SPACES

9

LAND DETAILS

LAND ACRES

0.24 AC

LAND SF

10,610 SF

ZONING

INR3YY

APN/PARCEL ID

4021-035-022

ASK ABOUT THIS PROPERTY

Steffan BraunlichBerkadiaMore Info
424-239-5903

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Steffan BraunlichBerkadiaMore Info
424-239-5903

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.