Inglewood Multifamily Investment
222 N Locust Inglewood, CA 90301
222 N Locust, Inglewood, CA, 90301
Contact for pricing
For Sale
Contact for pricing
Two well-maintained buildings near Inglewood City Hall and Metro Station.
Property Size5,187 SF
Lot Size0.23 Acres
Price / SF$364.18
Days on Market179
Property Features for 222 N Locust
General Information
- Standard status
- Active
- Size
- 5,187 SF
- Lot size
- 0.23 Acres
- Property subtype
- Multifamily
Listing Agency
West Shores Realty
Listed by
Attai Messou · License #CA 01235440
Source
Crexi
Added: Jan 23 Updated: Jul 6 at 1:17 pm Checked: Jul 20 at 5:34 am
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 West Shores Realty
Investment Insights
Based on property information with market context.
Located in a desirable area within walking distance of Inglewood City Hall and the Florence/La Brea Metro Station, this property features two well-maintained buildings totaling 5,187 square feet on a 9,998 square foot lot. The complex comprises eight units, including two 2-bedroom, 1-bathroom units, four 1-bedroom, 1-bathroom units, and two studios. The property has undergone major repairs to the sewer main line and features new breaker panels with 220 amp service to the entire complex. Situated close to SoFi Stadium, the Kia Forum, YouTube Theater, Intuit Dome, and the Beckman YOLA Center, this property presents an investment opportunity for both experienced and first-time buyers seeking passive income and long-term appreciation. The City of Inglewood exhibits high demand for rental units due to its proximity to LAX, the 405 Freeway, and the LA Metro K Line station. The property is located in an SB 79 zone.
Key Highlights
- Located in a highly desirable area within walking distance to Inglewood City Hall and the Florence/La Brea Metro Station.
- Two well‑maintained buildings totaling 5,187 sq ft on a 9,998 sq ft lot, containing 8 units.
- Mix of unit types: two 2‑bedroom/1‑bath, four 1‑bedroom/1‑bath, and two studios.
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 | $117.6k | $22.68 |
| − Vacancy | −$823 | −$0.16 |
| EGI | $116.8k | $22.52 |
| − OpEx | −$52.6k | −$10.13 |
| NOI | $64.2k | $12.39 |
5,187 SF · lease $22.68/SF/yr · vacancy 0.70% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$917.9K
$803.1K – $1.07M
NOI $64,250 @ 7.0% cap · market cap 3.40%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.12M
$1.85M – $2.47M
NOI $148,141 @ 7.0% cap · market cap 7.84%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - Two well-maintained buildings near Inglewood City Hall and Metro Station.
Where is this apartment building located?
The property is located at 222 N Locust Inglewood, CA.
What is the asking price?
The asking price for this property is $1,889,000.
What are key features of this property?
This property features: Located in a highly desirable area within walking distance to Inglewood City Hall and the Florence/La Brea Metro Station.; Two well‑maintained buildings totaling 5,187 sq ft on a 9,998 sq ft lot, containing 8 units.; Mix of unit types: two 2‑bedroom/1‑bath, four 1‑bedroom/1‑bath, and two studios.
