Six-Unit Apartment Building with
For Sale
$1,510,000
315 Lime St, Inglewood, CA 90301
Residential Income, Mid-Century, Inglewood, CA
Property Size4,903 SF
Lot Size0.17 Acres
Price / SF$307.97
Days on Market66
Property Features for 315 Lime St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
INR3YY
Bedrooms
9
Bathrooms
7
Full bathrooms
7
Rooms
Bathroom 4, Bedroom 8, Bathroom 6, Bedroom 3, Bedroom 6, Bedroom 2, Bathroom 5, Bedroom 5, Bedroom 9, Bedroom 4, Bedroom 1, Bathroom 2, Bathroom 7, Bathroom 1, Bathroom 3, Bedroom 7
Parking
5
Parking features
Carport
Window features
Double Pane Windows
Interior features
220V Throughout, Drywall Walls
Fireplace
1
Appliances
Gas, Oven-Gas, Free Standing Gas
Elementary school district
Inglewood Unified
Middle school district
Inglewood Unified
High school district
Inglewood Unified
Directions
Take Manchester Blvd to Inglewood Ave turn south, go 3 blocks to Lime St turn East then go to middle of block subject property is on north side of street
Subdivision
North Inglewood
Standard status
Active
APN
4020-012-004
Size
4,903 SF
Lot size
0.17 Acres
Utilities
Heating system
Forced Air
Building Details
Year built
1960
Floors in Building
2
Number of units
6
Flooring type
Tile - Ceramic, Carpet
Roof type
Shingle, Composition
Architectural style
Other
Listing Agency:
Realty Executives Westside · Realty Executives International
(310) 737-1992
Listed By:
Eugene Anthony · License #00634953
(213) 700-1071
Added: Jun 25
Changed: Aug 19
Last Checked: Aug 29 at 3:06AM
MLS# 26858763
Copyright © 2026 The MLS/CLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Six-unit apartment building built in 1960 featuring a mix of three 3-bedroom 1.75-bath units with fireplaces and updated 2-bedroom 1-bath and 1-bedroom 1-bath units. The property totals 4,903 square feet on a 0.1722-acre lot and includes copper plumbing throughout.
Updates and interior features include forced air heating, dual pane windows for sound proofing, solid core doors, and updated electrical panels. Flooring includes tile and carpet, and the property has 220V throughout and drywall walls. Parking is provided via carport.
The laundry lease has expired. The building includes a gas range/oven and free-standing gas appliances, plus composition/shingle roofing. The listing notes nearby destinations including SoFi Stadium, Kia Forum, Hollywood Park Casino, and Intuit Dome.
Updates and interior features include forced air heating, dual pane windows for sound proofing, solid core doors, and updated electrical panels. Flooring includes tile and carpet, and the property has 220V throughout and drywall walls. Parking is provided via carport.
The laundry lease has expired. The building includes a gas range/oven and free-standing gas appliances, plus composition/shingle roofing. The listing notes nearby destinations including SoFi Stadium, Kia Forum, Hollywood Park Casino, and Intuit Dome.
Key Highlights
- 6‑unit apartment building with fireplaces
- Unit mix: 1 three‑bedroom 1.75‑bath, 2 two‑bedroom 1‑bath, and 4 one‑bedroom 1‑bath units
- 0.1722‑acre lot and 4,903 SF building area
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$60,732
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.02%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,214,640
$1.2M
Cap Rate 7%
$867,600
$867.6K
Cap Rate 9%
$674,800
$674.8K
Market Conditions
NOI Build-Up for 4,903 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$111.2K $22.68/SF
− Vacancy
−$778 −$0.16/SF
EGI
$110.4K $22.52/SF
− OpEx
−$49.7K −$10.13/SF
NOI
$60.7K $12.39/SF
Area
Inglewood, CA
Vacancy
0.70%
Lease Rate
$22.68 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,214,640
Cap Rate 7%
$867,600
Cap Rate 9%
$674,800
Alternative Uses
Best Use
Apartment 5plus
$867.6K
$759.2K – $1.01M
NOI $60,732 @ 7.0% cap · market cap 4.02%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.00M
$1.75M – $2.33M
NOI $140,030 @ 7.0% cap · market cap 9.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
2,713
Businesses Nearby
Explore this area
Business Placement
Demographics for 90301, CA
36,270
Population
12,884
Households
2.8
Avg Household Size
37
Median Age
20%
College-Educated
73%
High-School Grad
2.5 sq mi
ZIP Area
14,508
Density / Sq Mi
$62,991
Median Household Income
$33,884
Median Earnings
$1,658
Median Rent
$698,300
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Apartment building with dual pane windows, forced air heating, and a carport, zoned INR3YY in Inglewood.
Where is this apartment building located?
The property is located at 315 Lime St Inglewood, CA.
What is the asking price?
The asking price for this property is $1,510,000.
What are key features of this property?
This property features: 6‑unit apartment building with fireplaces; Unit mix: 1 three‑bedroom 1.75‑bath, 2 two‑bedroom 1‑bath, and 4 one‑bedroom 1‑bath units; 0.1722‑acre lot and 4,903 SF building area
