12-Unit Apartment
212 E Tamarack Ave Inglewood, CA 90301
212 E Tamarack Ave, Inglewood, CA, 90301
Contact for pricing
For Sale
Contact for pricing
Well-maintained 12-unit apartment building with central HVAC and on-site laundry facilities.
Property Size9,802 SF
Lot Size0.27 Acres
Price / SF$331.56
Days on Market182
Property Features for 212 E Tamarack Ave
General Information
- Standard status
- Active
- Size
- 9,802 SF
- Lot size
- 0.27 Acres
- Property subtype
- Multifamily
Building Details
- Year Built
- 1960
Listing agency
BRC Advisors Inc
(424) 325-2604
Listed by
John Katnik · License #02002695
Source
Crexi
Added: Jan 21 Updated: Jul 22 at 4:04AM Checked: Jul 22 at 4:04AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of BRC Advisors Inc
Investment Insights
Based on property information with market context.
212 E Tamarack Ave is a well-maintained 12-unit apartment building originally constructed in 1960 as co-op or own-your-own units. The property includes central A/C and heating, soundproof windows and doors, and an on-site laundry facility with leased machines. Multiple units have been renovated, and the building is individually metered for gas and electricity.
The property is located in Inglewood, steps from SoFi Stadium, and within walking distance of the Hollywood Park development.
Additional amenities include 12 subterranean parking spaces. According to the offering materials, 7 units are on Section 8 vouchers, and one unit could be delivered at close of escrow.
The property is located in Inglewood, steps from SoFi Stadium, and within walking distance of the Hollywood Park development.
Additional amenities include 12 subterranean parking spaces. According to the offering materials, 7 units are on Section 8 vouchers, and one unit could be delivered at close of escrow.
Key Highlights
- 12‑unit apartment building built in 1960 with 9,802 rentable SF on an 11,747 SF lot
- Current performance includes 6.15% cap rate and 10.82 GRM; pro forma upside to 7.39% cap rate and 9.40 pro forma GRM
- Individually metered gas and electricity plus central A/C and heating
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $222.3k | $22.68 |
| − Vacancy | −$1.6k | −$0.16 |
| EGI | $220.8k | $22.52 |
| − OpEx | −$99.3k | −$10.13 |
| NOI | $121.4k | $12.39 |
9,802 SF · lease $22.68/SF/yr · vacancy 0.70% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.73M
$1.52M – $2.02M
NOI $121,414 @ 7.0% cap · market cap 3.74%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.00M
$3.50M – $4.67M
NOI $279,945 @ 7.0% cap · market cap 8.61%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Apartment buildings
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - Well-maintained 12-unit apartment building with central HVAC and on-site laundry facilities.
Where is this apartment building located?
The property is located at 212 E Tamarack Ave Inglewood, CA.
What is the asking price?
The asking price for this property is $3,250,000.
What are key features of this property?
This property features: 12‑unit apartment building built in 1960 with 9,802 rentable SF on an 11,747 SF lot; Current performance includes 6.15% cap rate and 10.82 GRM; pro forma upside to 7.39% cap rate and 9.40 pro forma GRM; Individually metered gas and electricity plus central A/C and heating
