4332 W 106th St - Apartments FOR SALE


Inglewood, CA 90304
$3,000,000 USD
949-929-5901
4332 W 106th St, Inglewood, CA for Sale
$3,000,000 USD
Apartments - FOR SALE
1/3
null | 5.2% Cap Rate

4332 W 106th St
Inglewood, CA 90304


HIGHLIGHTS

  • Eight Unit Apartment Asset + Secured County Lease (LA County Sheriff’s Department parking)
  • Potential Future Redevelopment Play: Over 1.2 acres of land in rapidly developing Inglewood area
  • Stable In Place Income + Upside In Rents

OVERVIEW

The Parham Group at Marcus & Millichap is pleased to present an eight unit multifamily assemblage on over 52,000 SF of land in unincorporated Inglewood with a large portion leased to County of Los Angeles Sheriff’s Department, providing both stability and institutional credit strength. The property presents a rare opportunity to acquire a fully income producing asset with at a competitive going in return with significant upside in rents. The residential component features a diverse mix of three bedroom and one bedroom units, many recently improved, delivering steady in place income with meaningful rental upside as rents are all below market. The parking area leased to the County adds durable, non residential cash flow backed by a government entity, contributing roughly $6,200 per month in additional income. Positioned within minutes of SoFi Stadium, the Intuit Dome, and Hollywood Park, the asset is poised to benefit from the continued revitalization of Inglewood’s entertainment corridor. Combining stable current returns with long term redevelopment potential, this property offers investors an attractive blend of immediate yield, County-backed income, and irreplaceable land value in one of Los Angeles County’s most dynamic submarkets.

FOR SALE DETAILS

PRICE

$3,000,000 USD

PRICE/SF

$894 USD /SF

# OF UNITS

9

PRICE/UNIT

$333,333

CAP RATE

5.2%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1941

PARKING SPACES

53

LAND DETAILS

LAND ACRES

1.2 AC

LAND SF

52,344 SF

ZONING

LCR2YY

APN/PARCEL ID

4034-025-004,4034-025-016,4034-025-017

ASK ABOUT THIS PROPERTY

Parham KhoshbakhtianMarcus & MillichapMore Info
949-929-5901

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Parham KhoshbakhtianMarcus & MillichapMore Info
949-929-5901

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