112 S Eucalyptus Ave
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112 S Eucalyptus Ave
10 Unit Apartment Building $2,686,106 CAD ($268,611 CAD/Unit) 7.25% Cap Rate Inglewood, CA 90301
Investment Highlights
- (1) 1+1, (1) 2+1 SFR, & (8) Singles
- Excellent Cash-Flow Investment: $15,147/ Month
- Three (3) Separate Structures
- Current 7.25% Cap Rate | 10.27x GRM
- Approximateley 26% Upside Potential In Current Rents
- Close Proximity To Cafes, Restaurants, and Schools
Executive Summary
The Davis Saadian Group is pleased to offer the opportunity to acquire this ten (10) unit multifamily investment opportunity located in the heart of Inglewood. This investment was constructed of wood frame and stucco on a raised foundation built in 1910 with a square footage of 2,678 on a 8,005-square foot lot. The building has been reinforced and upgraded in compliance with the latest city codes and regulations, and is comprised of a remarkable unit mix, consisting of eight (8) studio units, one (1) 2+1 single family residence, and one (1) 1+1 unit. The investment is 100% occupied with a gross income of $15,147/month. There’s approximately 25% potential upside in rents, which an investor can achieve closer to about $19,500/month. The investment is currently priced at a 7.25% Cap Rate & 10x GRM. Excellent cash-flow opportunity.
PLEASE NOTE THE FOLLOWING:
1) DO NOT DISTURB THE TENANTS.
2) Submit Offer on a CAR Residential-Income Purchase Agreement.
3) Interior Inspection/Books & Records Granted with an Accepted Offer.
4) Submit Proof of Funds & Pre-Qualification Letter with Offer.
5) Seller Selects all Services.
Disclaimer: All information has been secured from sources we believe to be reliable. However, we make no representation or warranties, expressed or implied, as to the accuracy of the information provided, including square footage, lot size, permitted or un-permitted spaces, and/or bedroom/bathroom count. Buyer is advised to independently verify the accuracy of this information through personal inspections and/or with appropriate professionals. Buyer bears all risk for any inaccuracies.
PLEASE NOTE THE FOLLOWING:
1) DO NOT DISTURB THE TENANTS.
2) Submit Offer on a CAR Residential-Income Purchase Agreement.
3) Interior Inspection/Books & Records Granted with an Accepted Offer.
4) Submit Proof of Funds & Pre-Qualification Letter with Offer.
5) Seller Selects all Services.
Disclaimer: All information has been secured from sources we believe to be reliable. However, we make no representation or warranties, expressed or implied, as to the accuracy of the information provided, including square footage, lot size, permitted or un-permitted spaces, and/or bedroom/bathroom count. Buyer is advised to independently verify the accuracy of this information through personal inspections and/or with appropriate professionals. Buyer bears all risk for any inaccuracies.
Financial Summary (Actual - 2023) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$261,472
|
$71.09
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$261,472
|
$71.09
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$66,736
|
$18.14
|
| Net Operating Income |
$194,736
|
$52.95
|
Financial Summary (Actual - 2023)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $261,472 |
| Annual Per SF | $71.09 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $261,472 |
| Annual Per SF | $71.09 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $66,736 |
| Annual Per SF | $18.14 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $194,736 |
| Annual Per SF | $52.95 |
Property Facts
| Price | $2,686,106 CAD | Apartment Style | Low Rise |
| Price Per Unit | $268,611 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.18 AC |
| Cap Rate | 7.25% | Building Size | 2,678 SF |
| Gross Rent Multiplier | 10.2 | Average Occupancy | 100% |
| No. Units | 10 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1910 |
| Property Subtype | Apartment | Parking Ratio | 1.87/1,000 SF |
| Price | $2,686,106 CAD |
| Price Per Unit | $268,611 CAD |
| Sale Type | Investment |
| Cap Rate | 7.25% |
| Gross Rent Multiplier | 10.2 |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.18 AC |
| Building Size | 2,678 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1910 |
| Parking Ratio | 1.87/1,000 SF |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 8 | $14,688 CAD | 250 |
| 2+1 | 1 | $4,663 CAD | 600 |
| 1+1 | 1 | $2,119 CAD | 350 |
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Walk Score ®
Very Walkable (86)
PROPERTY TAXES
| Parcel Number | 4020-018-023 | Improvements Assessment | $139,390 CAD (2024) |
| Land Assessment | $557,588 CAD (2024) | Total Assessment | $696,977 CAD (2024) |
PROPERTY TAXES
Parcel Number
4020-018-023
Land Assessment
$557,588 CAD (2024)
Improvements Assessment
$139,390 CAD (2024)
Total Assessment
$696,977 CAD (2024)
zoning
| Zoning Code | R4, Inglewood |
| R4, Inglewood |
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112 S Eucalyptus Ave
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