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427 E Tamarack Ave 427 E Tamarack Ave 12 Unit Apartment Building $3,745,000 ($312,083/Unit) 5.91% Cap Rate Inglewood, CA 90301
Executive Summary
• Location, Location, Location! 3 Blocks from The Forum, SoFi Stadium & the Upcoming Inglewood Transit Connector (ITC) and 1 Mile from Intuit Dome
• Completely Renovated with City of Inglewood/LAX Sound Insulation Program – Double/Triple Pane Windows, All New Electrical, New Special Doors, Individual HVACs, Etc.
• New Silicone Roof (2025)
• Each Unit Contains Individual Hot Water Heaters, Individual Water Shutoffs, Soundproof Concrete Subfloors, Double Walls with Sound Insulation, Large Balconies & Large Storage Closets
• Desirable ADU Potential – Possibility to Add 3 ADUs
• All Electric Building - Main Electrical & Electrical Subpanels Per Current Code
• Full Copper Plumbing
• Property Received SB 721 Approval
• Units Upgraded with Vinyl Plank Flooring, Large Closets & LED Lighting
• 5.91% Current Cap Rate & 11.50 Current GRM
• 7.65% Pro-Forma Cap Rate & 9.46 Pro-Forma GRM
• Exterior Completely Painted & Repaired (2025)
• Gated Building with Telephone Entry, Fire Sprinklers, On-Site Laundry & Large Storage Room
• Total of 36 Parking Spaces (18 Tandem Carports) with Storage Cabinets
• Four Units with Built-In Desks & Bookcases
• Property Presents Condominium Conversion Potential – Compelling Opportunity for Future Value Enhancement (Buyer to Verify)
Neighboring property (425 E. Tamarack Avenue – 8 Units) is also for sale and can be purchased separately or purchased together with 427 E. Tamarack Avenue. Please do not disturb tenants. Buyer to conduct their own due diligence and investigation.
• Completely Renovated with City of Inglewood/LAX Sound Insulation Program – Double/Triple Pane Windows, All New Electrical, New Special Doors, Individual HVACs, Etc.
• New Silicone Roof (2025)
• Each Unit Contains Individual Hot Water Heaters, Individual Water Shutoffs, Soundproof Concrete Subfloors, Double Walls with Sound Insulation, Large Balconies & Large Storage Closets
• Desirable ADU Potential – Possibility to Add 3 ADUs
• All Electric Building - Main Electrical & Electrical Subpanels Per Current Code
• Full Copper Plumbing
• Property Received SB 721 Approval
• Units Upgraded with Vinyl Plank Flooring, Large Closets & LED Lighting
• 5.91% Current Cap Rate & 11.50 Current GRM
• 7.65% Pro-Forma Cap Rate & 9.46 Pro-Forma GRM
• Exterior Completely Painted & Repaired (2025)
• Gated Building with Telephone Entry, Fire Sprinklers, On-Site Laundry & Large Storage Room
• Total of 36 Parking Spaces (18 Tandem Carports) with Storage Cabinets
• Four Units with Built-In Desks & Bookcases
• Property Presents Condominium Conversion Potential – Compelling Opportunity for Future Value Enhancement (Buyer to Verify)
Neighboring property (425 E. Tamarack Avenue – 8 Units) is also for sale and can be purchased separately or purchased together with 427 E. Tamarack Avenue. Please do not disturb tenants. Buyer to conduct their own due diligence and investigation.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$325,682
|
$25.85
|
| Other Income |
$7,161
|
$0.57
|
| Vacancy Loss |
$9,985
|
$0.79
|
| Effective Gross Income |
$322,858
|
$25.62
|
| Taxes |
$52,430
|
$4.16
|
| Operating Expenses |
$49,222
|
$3.91
|
| Total Expenses |
$101,652
|
$8.07
|
| Net Operating Income |
$221,206
|
$17.56
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $325,682 |
| Annual Per SF | $25.85 |
| Other Income | |
|---|---|
| Annual | $7,161 |
| Annual Per SF | $0.57 |
| Vacancy Loss | |
|---|---|
| Annual | $9,985 |
| Annual Per SF | $0.79 |
| Effective Gross Income | |
|---|---|
| Annual | $322,858 |
| Annual Per SF | $25.62 |
| Taxes | |
|---|---|
| Annual | $52,430 |
| Annual Per SF | $4.16 |
| Operating Expenses | |
|---|---|
| Annual | $49,222 |
| Annual Per SF | $3.91 |
| Total Expenses | |
|---|---|
| Annual | $101,652 |
| Annual Per SF | $8.07 |
| Net Operating Income | |
|---|---|
| Annual | $221,206 |
| Annual Per SF | $17.56 |
Property Facts
| Price | $3,745,000 | Apartment Style | Low-Rise |
| Price Per Unit | $312,083 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.25 AC |
| Cap Rate | 5.91% | Building Size | 12,540 SF |
| Gross Rent Multiplier | 11.5 | Average Occupancy | 100% |
| No. Units | 12 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1964 |
| Property Subtype | Apartment | Parking Ratio | 2.87/1,000 SF |
| Zoning | P1, Inglewood | ||
| Price | $3,745,000 |
| Price Per Unit | $312,083 |
| Sale Type | Investment |
| Cap Rate | 5.91% |
| Gross Rent Multiplier | 11.5 |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.25 AC |
| Building Size | 12,540 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1964 |
| Parking Ratio | 2.87/1,000 SF |
| Zoning | P1, Inglewood |
Amenities
Unit Amenities
- Balcony
- Storage Space
- Double Pane Windows
- Vinyl Flooring
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 6 | $2,233 | 900 |
| 2+1 | 6 | $2,289 | 1,200 |
1 1
Walk Score®
Walker's Paradise (92)
Property Taxes
| Parcel Number | 4021-028-030 | Total Assessment | $1,068,947 |
| Land Assessment | $538,453 | Annual Taxes | $52,430 ($4.18/SF) |
| Improvements Assessment | $530,494 | Tax Year | 2025 |
Property Taxes
Parcel Number
4021-028-030
Land Assessment
$538,453
Improvements Assessment
$530,494
Total Assessment
$1,068,947
Annual Taxes
$52,430 ($4.18/SF)
Tax Year
2025
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427 E Tamarack Ave | 427 E Tamarack Ave
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