212 E Tamarack Ave, Inglewood, CA 90301
212 E Tamarack Ave, Inglewood, CA 90301
212 E Tamarack Ave, Inglewood, CA 90301
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$3,250,000
Est. payment /mo
16 Beds
12 Baths
9,802 SqFt
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Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Pending

Purchase Type For Sale

Square Footage 9,802 sqft

Price per Sqft $331

MLS Listing ID 26640837

Bedrooms 16

Construction Status Updated/Remodeled

Year Built 1960

Lot Size 0.270 Acres

Acres 0.2698

Property Sub-Type Multi-Family

Property Description

We are pleased to present the exclusive offering of 212 E Tamarack Ave, a well-maintained apartment complex in the heart of Inglewood, steps away from SoFi Stadium. This asset presents a rare opportunity to acquire a well-located, high-quality 12-unit apartment building in the heart of Inglewood, walking distance from SoFi Stadium and the Hollywood Park development. Constructed in 1960, the property consists of 9,802 square feet of rentable square feet situated on a 11,747 square foot lot. The units were originally constructed in 1960 as Co-Op units or Own Your Own apartment units. An investor has the future potential to separate each unit and sell the units off individually. Buyer to do own investigation with city of Inglewood and review preliminary title report. The property offers strong in-place income with a current 6.26% cap rate and 10.68 GRM, with upside to a 7.39% pro forma cap rate and 9.40 pro forma GRM upon stabilization. The building is individually metered for gas and electricity keeping utility costs low for the owner. The property includes central AC / heating and soundproof windows and doors. Multiple units have been renovated, and 8 units are on Section 8 vouchers providing strong guaranteed income. Additional highlights include 12 subterranean parking spaces and an on-site laundry facility (leased machines). Positioned in one of Southern California's fastest-evolving rental markets, 212 E Tamarack Ave offers investors durable cash flow, strong rental demand, and a rare opportunity to own an irreplaceable multifamily asset with long-term upside.

Location

State CA

County Los Angeles

Area North Inglewood

Zoning INR3YY

Rooms

Other Rooms None

Interior

Heating Central

Cooling Central

Equipment Other

Laundry Laundry Area, Community

Exterior

Parking Features Subterranean

Garage Spaces 12.0

Pool None

Building

Story 2

Level or Stories Two

Construction Status Updated/Remodeled

Others

Special Listing Condition Standard


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TheMLS (CLAW)
Listed by BRC Advisors- BH

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Ever Banuelos
Ever Banuelos

Team Leader | License ID: 01945384

+1(323) 833-9824 | ever.banuelos@gmail.com

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