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304 N Market St
Inglewood, CA 90302
Multifamily Property For Sale
·
4 Units
Executive Summary
Outstanding North Inglewood Location: Well-positioned asset located in close proximity to SoFi Stadium, The Forum, and Intuit Dome, placing this asset in the heart of Inglewood's growing sports and entertainment corridor. Well-Maintained Fourplex on a Generous Lot: Built in 1960, this 3,908-SF building sits on a 5,300-SF lot in the heart of the historic Market Street corridor, steps from downtown Inglewood's ongoing revitalization. Outstanding Unit Mix: Excellent unit mix consisting of one 3-bedroom/2-bath unit, two 2-bedroom/1-bath units, and one 1-bedroom/1-bath unit, plus an on-site laundry room offering additional income potential. Recent Capital Improvements: Roof reported to be approximately 8 years old. Value-Add & ADU Opportunity: The property's detached garage and under-building garage present potential conversion opportunities for ADU units, subject to City of Inglewood zoning and lot coverage requirements (Buyer to Verify).
Property Facts
| Price Per Unit | $348,750 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.12 AC |
| Cap Rate | 4.86% | Building Size | 4,574 SF |
| Sale Condition | 1031 Exchange | Average Occupancy | 100% |
| Gross Rent Multiplier | 13 | No. Stories | 2 |
| No. Units | 4 | Year Built | 1960 |
| Property Type | Multifamily | Parking Ratio | 0.87/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | INR3YY - Multiple Dwelling | ||
| Price Per Unit | $348,750 |
| Sale Type | Investment |
| Cap Rate | 4.86% |
| Sale Condition | 1031 Exchange |
| Gross Rent Multiplier | 13 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.12 AC |
| Building Size | 4,574 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1960 |
| Parking Ratio | 0.87/1,000 SF |
| Zoning | INR3YY - Multiple Dwelling |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 4 | - | - |
Property Taxes
| Parcel Number | 4016-027-020 | Improvements Assessment | $261,038 |
| Land Assessment | $47,625 | Total Assessment | $308,663 |
Property Taxes
Parcel Number
4016-027-020
Land Assessment
$47,625
Improvements Assessment
$261,038
Total Assessment
$308,663
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