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 over 20% in rental upside, there is ample room to increase revenue in line with the growing demand of Inglewood's thriving rental market.
Discover this spacious 2,104 sq. ft. triplex featuring five bedrooms and three bathrooms. Located just blocks from SoFi Stadium and minutes from LAX Airport and major freeways, this property offers unparalleled convenience and accessibility. The triplex includes a long driveway providing ample parking for residents and guests. Its prime location near top attractions makes it an excellent investment opportunity, ensuring high demand and potential rental income. This property combines space, convenience, and a vibrant location, making it a standout choice for savvy investors. Don’t miss this incredible opportunity to own a prime piece of Inglewood real estate!
Courtesy: CBRE, Inc.
Outstanding North Inglewood Location Located within 2 Miles of SoFi Stadium & The Forum, and 2.5 Miles of Intuit Dome (NBA Clippers Arena) 5.49% Current Cap Rate & 11.83 Current GRM 8.12% Pro-Forma Cap Rate & 8.94 Pro-Forma GRM 4 Units are Less than 80% of Inglewood FMR Outstanding Unit Mix of (One) 3-Bedroom/2-Bathroom Unit, (Four) 2-Bedroom/2-Bathroom Units & (One) Non-Conforming Studio Unit Desirable Opportunity to Add Up to 4 ADUs (2 Detached ADUs and 2 Attached ADUs) - Buyer to Verify Non-Conforming Studio Unit Delivered Vacant - Potential to be Converted into an ADU - Buyer to Verify Large 7,501-SF Lot Assumable Loan of Approximately $650,000 at 3.60% Fixed Until July of 2026 Private Balconies & On-Site Laundry Facility Total of 8 Parking Spaces Centrally Located Near Hollywood Park, Youtube Theatre, Crenshaw/LAX Metro Line Station, SpaceX, Tesla, LAX airport and Upcoming $1 Billion Inglewood Transit Connector Project
Courtesy: Exclusive Realty Inc
Courtesy: Keller Williams Whittier
Courtesy: eXp Realty of California Inc
Courtesy: Nationwide Advisors, Inc.
Inglewood is located in California. Inglewood, California has a population of 108,206. Inglewood is less family-centric than the surrounding county with 24.91% of the households containing married families with children. The county average for households married with children is 30.99%.
The median household income in Inglewood, California is $62,845. The median household income for the surrounding county is $76,367 compared to the national median of $69,021. The median age of people living in Inglewood is 36.8 years.
The average high temperature in July is 75.7 degrees, with an average low temperature in January of 48.4 degrees. The average rainfall is approximately 13.5 inches per year, with 0 inches of snow per year.
