324 Tamarack AveInglewood, CA 90301

This exceptional 9-unit apartment building in Inglewood, CA presents a compelling value-add investment opportunity. Located at 324 E Tamarack Ave, this two-story property boasts 8,605 square feet on a 10,610 square foot lot (APN 4021-035-022) and is zoned INR3YY. Built in 1961, the property features oversized units averaging 956 square feet, with a desirable mix of unit sizes. Amenities include private balconies or patios, central air and heat with individual condensers, and covered parking with a 1:1 ratio. The property offers significant upside potential, with over 20% rental growth opportunity. Enjoy views of The Forum, Intuit Dome, and SoFi Stadium. The asking price is $2,550,000, representing $283,333 per unit and $296 per square foot. The current Net Operating Income (NOI) is $118,716, yielding a 4.66% cap rate. This property is not subject to Los Angeles rent control, providing further investment security and potential for increased profitability. The property's prime location in a thriving Inglewood neighborhood ensures strong rental demand. This is a rare opportunity to acquire a well-maintained multifamily property with substantial upside in a rapidly appreciating market.