425 E Tamarack Ave - Apartments FOR SALE


Inglewood, CA 90301
$2,600,000 USD
310-593-9868
425 E Tamarack Ave, Inglewood, CA for Sale
$2,600,000 USD
Apartments - FOR SALE
1/15
null | 5.84% Cap Rate

425 E Tamarack Ave
Inglewood, CA 90301


OVERVIEW

• Location, Location, Location! 3 Blocks from The Forum, SoFi Stadium & the Upcoming Inglewood Transit Connector (ITC) and 1 Mile from Intuit Dome • Completely Renovated with City of Inglewood/LAX Sound Insulation Program – Double/Triple Pane Windows, All New Electrical, New Special Doors, Individual HVACs, Etc. • New Silicone Roof (2025) • Desirable ADU Potential – Possibility to Add 3 ADUs • Units Upgraded with Vinyl Plank Flooring & LED Lighting • All Units Contain Balconies – Property Received SB 721 Approval • 5.84% Current Cap Rate & 11.40 Current GRM • 7.29% Pro-Forma Cap Rate & 9.68 Pro-Forma GRM • Exterior Completely Painted & Repaired (2025) • Gated Building with Telephone Entry, On-Site Laundry & Large Storage Room • Total of 12 Carports with Storage Cabinets • Main Electrical & Electrical Subpanels Per Current Code • Soundproof Concrete Subfloors, Partial Copper Plumbing & Two Units with Fireplaces • Property Presents Condominium Conversion Potential – Compelling Opportunity for Future Value Enhancement (Buyer to Verify) Neighboring property (427 E. Tamarack Avenue – 12 Units) is also for sale and can be purchased separately or purchased together with 425 E. Tamarack Avenue. Please do not disturb tenants. Buyer to conduct their own due diligence and investigation.

FOR SALE DETAILS

PRICE

$2,600,000 USD

PRICE/SF

$295 USD /SF

# OF UNITS

8

PRICE/UNIT

$325,000

CAP RATE

5.84%

% LEASED

88%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1963

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,500 SF

ZONING

R3, Inglewood

APN/PARCEL ID

4021-028-007

ASK ABOUT THIS PROPERTY

Jonathan NikfarjamShield Commercial Real EstateMore Info
310-593-9868

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Jonathan NikfarjamShield Commercial Real EstateMore Info
310-593-9868

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