427 E Tamarack Ave - Apartments FOR SALE


Inglewood, CA 90301
$3,745,000 USD
310-593-9868
427 E Tamarack Ave, Inglewood, CA for Sale
$3,745,000 USD
Apartments - FOR SALE
1/13
null | 5.91% Cap Rate

427 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) • Each Unit Contains Individual Hot Water Heaters, Individual Water Shutoffs, Soundproof Concrete Subfloors, Double Walls with Sound Insulation, Large Balconies & Large Storage Closets • Desirable ADU Potential – Possibility to Add 3 ADUs • All Electric Building - Main Electrical & Electrical Subpanels Per Current Code • Full Copper Plumbing • Property Received SB 721 Approval • Units Upgraded with Vinyl Plank Flooring, Large Closets & LED Lighting • 5.91% Current Cap Rate & 11.50 Current GRM • 7.65% Pro-Forma Cap Rate & 9.46 Pro-Forma GRM • Exterior Completely Painted & Repaired (2025) • Gated Building with Telephone Entry, Fire Sprinklers, On-Site Laundry & Large Storage Room • Total of 36 Parking Spaces (18 Tandem Carports) with Storage Cabinets • Four Units with Built-In Desks & Bookcases • Property Presents Condominium Conversion Potential – Compelling Opportunity for Future Value Enhancement (Buyer to Verify) Neighboring property (425 E. Tamarack Avenue – 8 Units) is also for sale and can be purchased separately or purchased together with 427 E. Tamarack Avenue. Please do not disturb tenants. Buyer to conduct their own due diligence and investigation.

FOR SALE DETAILS

PRICE

$3,745,000 USD

PRICE/SF

$297 USD /SF

# OF UNITS

12

PRICE/UNIT

$312,083

CAP RATE

5.91%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

427 E Tamarack Ave

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1964

PARKING SPACES

36

LAND DETAILS

LAND ACRES

0.25 AC

LAND SF

11,005 SF

ZONING

P1, Inglewood

APN/PARCEL ID

4021-028-030

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.