324 E Tamarack Ave
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324 E Tamarack Ave
9 Unit Apartment Building $3,375,360 CAD ($375,040 CAD/Unit) 5.03% Cap Rate Inglewood, CA 90301
Investment Highlights
- Oversized Units (average 956 SF with 45% 1-bed units)
- Views of The Forum, The Intuit Dome, and SOFI Stadium
- Covered Parking (1:1 Ratio)
- Central Air and Heat with Individual Condensers
- Private Balconies and Patios
Executive Summary
NEW ASKING PRICE: $267k/Unit & $279/SF
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 an in place Cap Rate of 5.03% and over 20% in rental upside, there is ample room to increase revenue in line with the growing demand of Inglewood's thriving rental market.
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 an in place Cap Rate of 5.03% and over 20% in rental upside, there is ample room to increase revenue in line with the growing demand of Inglewood's thriving rental market.
Financial Summary (Actual - 2023) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $3,375,360 CAD | Apartment Style | Low Rise |
| Price Per Unit | $375,040 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.24 AC |
| Cap Rate | 5.03% | Building Size | 9,853 SF |
| Gross Rent Multiplier | 12.17 | Average Occupancy | 100% |
| No. Units | 9 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1961 |
| Property Subtype | Apartment |
| Price | $3,375,360 CAD |
| Price Per Unit | $375,040 CAD |
| Sale Type | Investment |
| Cap Rate | 5.03% |
| Gross Rent Multiplier | 12.17 |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.24 AC |
| Building Size | 9,853 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1961 |
Unit Amenities
- Air Conditioning
- Balcony
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | - | - |
| 2+1 | 3 | - | - |
| 2+2 | 1 | - | - |
| 3+2 | 1 | - | - |
1 of 1
Walk Score ®
Walker's Paradise (91)
PROPERTY TAXES
| Parcel Number | 4021-035-022 | Improvements Assessment | $678,326 CAD (2024) |
| Land Assessment | $1,507,413 CAD (2024) | Total Assessment | $2,185,740 CAD (2024) |
PROPERTY TAXES
Parcel Number
4021-035-022
Land Assessment
$1,507,413 CAD (2024)
Improvements Assessment
$678,326 CAD (2024)
Total Assessment
$2,185,740 CAD (2024)
zoning
| Zoning Code | INR3YY (Residential) |
| INR3YY (Residential) |
-
Steffan Braunlich -
Trent Gardner -
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324 E Tamarack Ave
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