For Sale
$1,895,000

112 Eucalyptus AveInglewood, CA 90301

Prime Inglewood multifamily investment. High cash flow.

Overview

Added:
Dec 11, 2024
Days on market:
113
This exceptional 10-unit apartment building, located at 112 S Eucalyptus Ave in Inglewood, CA 90301, presents a compelling investment opportunity. The property boasts a total of 2,678 square feet on an 8,005 square foot lot and comprises three separate structures. The unit mix includes one 1-bedroom/1-bathroom unit, one 2-bedroom/1-bathroom unit, and eight single units. Built in 1901, the property is zoned INR4* and is not subject to the soft-story retrofit program. Currently generating a strong NOI of $137,383, resulting in a 7.25% cap rate, this property offers a significant monthly cash flow of $15,147. The asking price is $1,895,000, translating to $189,500 per unit and $707.62 per square foot. The land value alone is $236.73 per square foot. Situated in a prime Inglewood submarket, the property benefits from strong rental demand and proximity to local amenities such as cafes, restaurants, and schools. There is also an estimated 26% upside potential in current rents. This is a rare opportunity to acquire a well-performing multifamily asset with significant upside potential in a thriving Los Angeles County market. The APN is 4020-018-023.

Highlights

  • 10-unit multifamily property with a mix of one 1bd/1ba, one 2bd/1ba, and eight single units.
  • CA BRE License #1921748.
  • Three separate structures on an 8,005 sq ft lot.
  • 7.25% cap rate, 10.27x GRM, and $15,147 monthly cash flow.
  • Not subject to soft-story retrofit.
  • Prime Inglewood location with strong rental demand near amenities.

Property Details for 112 Eucalyptus Ave

Property type
Apartment buildings
Square Feet
2,678 SF
Year Built
1901
Units
10

Location Insight

City
Inglewood
County
Los Angeles
State
California
Latitude
33.9623005
Longitude
-118.3592974
112 Eucalyptus Ave, Inglewood, California

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112 Eucalyptus Ave
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