1042 Market StInglewood, CA 90302

Property Details for 1042 Market St

Year built

1953

Lot size

0.12 AC

Property size (Sq ft)

4,456 SF

Zone code

INC2YY

Property type

Residential income properties

Property subtype

Other apartment buildings

APN

4014-011-023

APU

4014011023

Description

This exceptional multifamily investment opportunity presents a well-maintained apartment building located at 1042 N Market St, Inglewood, CA 90302. The property boasts a substantial 4,456 square feet of living space situated on a 0.12-acre lot. Built in 1953, this building offers a strong foundation for immediate income generation and future appreciation. The asking price is $1,200,000, translating to a price per square foot of $269.30. The property's location in Inglewood, within Los Angeles County, provides excellent access to major transportation routes and amenities. The property's Assessed Parcel Number (APN) is 4014011023. This is an ideal acquisition for investors seeking a proven multifamily asset in a thriving California market. The building's solid construction and established tenancy provide a stable income stream, making it an attractive investment with significant potential for long-term growth. This is a rare opportunity to acquire a well-positioned multifamily property in a high-demand area. Serious inquiries are encouraged to explore this promising investment further. The property is currently available for sale.

• CAP approach

  CAP return

  Valuation

  6%

  $1,600,940

  6.5%

  $1,477,791

  7%

  $1,372,234

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,313,397

  Geo Method

  $1,313,397

• Alternative Use

  Use

  Valuation

  Residential

  $1,477,791

  Hospitality

  $1,353,648

  Educational

  $1,126,220

  Medical

  $1,164,952

  Retail

  $1,751,897

Location Insight

City

Inglewood

County

Los Angeles

State

California

Latitude

33.9775

Longitude

-118.357

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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