Inglewood, CA 90301,212 E Tamarack AVE
Inglewood, CA 90301,212 E Tamarack AVE
Inglewood, CA 90301,212 E Tamarack AVE
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The Warburton Team Brokered By EXp

The Warburton Team Brokered By EXp

+1(626) 630-2141
$3,250,000
Est. payment /mo
16 Beds
12 Baths
9,802 SqFt
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UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 9,802 sqft

Price per Sqft $331

MLS Listing ID 26640837

Bedrooms 16

Construction Status Updated/Remodeled

HOA Y/N No

Year Built 1960

Lot Size 0.270 Acres

Property Description

We are pleased to present the exclusive offering of 212 E Tamarack Ave, a well-maintained apartment complex in the heart of Inglewood, steps away from SoFi Stadium. This asset presents a rare opportunity to acquire a well-located, high-quality 12-unit apartment building in the heart of Inglewood, walking distance from SoFi Stadium and the Hollywood Park development. Constructed in 1960, the property consists of 9,802 square feet of rentable square feet situated on a 11,747 square foot lot. The units were originally constructed in 1960 as Co-Op units or Own Your Own apartment units. An investor has the future potential to separate each unit and sell the units off individually. Buyer to do own investigation with city of Inglewood and review preliminary title report. The property offers strong in-place income with a current 6.15% cap rate and 10.82 GRM, with upside to a 7.39% pro forma cap rate and 9.40 pro forma GRM upon stabilization. The building is individually metered for gas and electricity keeping utility costs low for the owner. The property includes central AC / heating and soundproof windows and doors. Multiple units have been renovated, and 7 units are on Section 8 vouchers providing strong guaranteed income. One unit could be delivered at close of escrow. Additional highlights include 12 subterranean parking spaces and an on-site laundry facility (leased machines). Positioned in one of Southern California's fastest-evolving rental markets, 212 E Tamarack Ave offers investors durable cash flow, strong rental demand, and a rare opportunity to own an irreplaceable multifamily asset with long-term upside.

Location

State CA

County Los Angeles

Area 101 - North Inglewood

Zoning INR3YY

Interior

Heating Central

Cooling Central Air

Fireplace No

Laundry Common Area

Exterior

Parking Features Underground

Pool None

Total Parking Spaces 12

Private Pool No

Building

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Construction Status Updated/Remodeled

Others

Senior Community No

Tax ID 4021034026

Special Listing Condition Standard

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CRMLS – RECore
Listed by John Katnik BRC Advisors- BH

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