Building Details

Building Size 4,214 SF

Year Built 1962

Buildings 1

Listing Agency: BRC Advisors- BH

Listed By: John Katnik · License #02002695 Show Phone

Source: Evecap

Added: Oct 19 Changed: Oct 21 Last Checked: Oct 21 at 2:39AM

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Investment Insights

Based on property information with market context.

Built in 1962, this five-unit apartment property contains 4,214 square feet of rentable area on a 6,337-square-foot lot. The residences comprise one 1-bedroom/1-bathroom unit, three 2-bedroom/1-bathroom units, and one 3-bedroom/1.5-bathroom unit. On-site laundry and five garages serve the building, which is 100% occupied. An existing Ratio Utility Billing System (RUBS) enables recovery of a portion of utility expenses.

The property is at 1022 Larch St in Inglewood, near SoFi Stadium, Hollywood Park, and the Intuit Dome. The surrounding area includes major employment and transportation corridors.

Reported operating metrics include a 6.48% current capitalization rate and a 9.80 gross income multiplier (GIM). Pro forma figures are a 7.58% capitalization rate and an 8.77 GIM.

Key Highlights

• Five‑unit building with 4,214 square feet of rentable area on a 6,337‑square‑foot lot
• Unit mix: one 1‑bedroom/1‑bathroom, three 2‑bedroom/1‑bathroom, and one 3‑bedroom/1.5‑bathroom residence
• 100% occupancy; built in 1962

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$52,197

Cap Rate

3.74%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,043,940 $1.0M

Cap Rate 7%

$745,671 $745.7K

Cap Rate 9%

$579,967 $580.0K

Is this asking price fair?

Market Conditions

NOI Build-Up for 4,214 SF

Gross rent

$95.6K $22.68/SF

− Vacancy

−$669 −$0.16/SF

EGI

$94.9K $22.52/SF

− OpEx

−$42.7K −$10.13/SF

NOI

$52.2K $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 Rate 5%

$1,043,940

Cap Rate 7%

$745,671

Cap Rate 9%

$579,967

Alternative Uses

Best Use

Apartment 5plus

$745.7K

$652.5K – $870.0K (±1% cap)

NOI $52,197 @ 7.0% cap · market cap 3.74%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$1.72M

$1.50M – $2.01M (±1% cap)

NOI $120,352 @ 7.0% cap · market cap 8.63%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Lease Details

5

Residential units

100%

Occupancy

Location Intelligence

Trade Area within ½ mile

1,908

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

7% 2022

7.8% 2023

8.6% 2024

8.6% 2025

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Frequently Asked Questions

What type of property is this?

Apartment building - The property combines on-site laundry, five garages, and a mix of one-, two-, and three-bedroom residences.

Where is this apartment building located?

The property is located at 1022 Larch St Inglewood, CA.

What is the asking price?

The asking price for this property is $1,395,000.

What are key features of this property?

This property features: Five‑unit building with 4,214 square feet of rentable area on a 6,337‑square‑foot lot; Unit mix: one 1‑bedroom/1‑bathroom, three 2‑bedroom/1‑bathroom, and one 3‑bedroom/1.5‑bathroom residence; 100% occupancy; built in 1962