1016 N Market St
Inglewood, CA 90302
The Emerald · Multifamily Property For Sale
·
8 Units
Property Facts
| No. Units | 8 | Building Size | 6,027 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1964 |
| Building Class | C | Parking Ratio | 2.99/1,000 SF |
| Lot Size | 0.15 AC | ||
| Zoning | C2, Inglewood | ||
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 6,027 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1964 |
| Parking Ratio | 2.99/1,000 SF |
| Zoning | C2, Inglewood |
Amenities
Unit Amenities
- Balcony
About 1016 N MARKET ST , INGLEWOOD, CA 90302
Marcus & Millichap, as the exclusive listing agent, is proud to present The Emerald, an 8 unit apartment community located at 1016 North Market Street in Inglewood, California. Located in a gentrifying North Inglewood submarket, the building features 6,027 square feet of gross area and it sits on a 6,558 square foot lot. Built in 1964, the asset is comprised of a terrific unit mix of five one-bedroom/one-bathroom units, two two-bedroom/one-bathroom units and one three-bedroom/two-bathroom unit. The property is well parked with 16 tandem parking spaces as well as 4 garage spaces. The building is located just north of Centinela Avenue and east of North La Brea Avenue. The offering is just a few miles away from the revamped Forum and the new Hollywood Park redevelopment site. The new NFL stadium, along with a 300-room hotel, over 3,000 units and new retail and office space will be going into the site. This property provides a great value add opportunity with current rents well below market value. 1016 North Market Street can be a terrific addition to any investor’s portfolio.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 5 | $1,050 | - |
| 2+1 | 2 | $1,475 | - |
| 3+2 | 1 | $1,700 | - |
Property Taxes
| Parcel Number | 4014-032-023 | Improvements Assessment | $206,525 |
| Land Assessment | $774,489 | Total Assessment | $981,014 |
Property Taxes
