6-Unit Apartment
For Sale
$1,510,000
315 Lime St, Inglewood, CA 90301
Six-unit multifamily property with updated electrical, dual pane windows, and forced-air heating systems.
Property Size4,903 SF
Days on Market126
Property Features for 315 Lime St
General Information
Standard status
Active
Size
4,903 SF
Property subtype
MULTI_FAMILY
Site & Location
Neighborhood
Arbor Village
Building Details
Building Size
4,903 SF
Year Built
1960
Listing Agency:
Realty Executives Westside
Listed By:
Eugene Anthony · License #00634953
(213) 700-1071
Source:
Evecap
Added: Jun 25
Changed: Oct 25
Last Checked: Oct 28 at 1:37PM
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 Realty Executives Westside
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Investment Insights
Based on property information with market context.
This well-maintained six-unit apartment building offers a mix of unit sizes, including one 3-bedroom with 1.75 baths (featuring a fireplace), two 2-bedroom/1-bath units, and four 1-bedroom/1-bath units. The property has copper plumbing throughout and has undergone updates attributed to an LAX Airport Program, including forced air and heating, dual pane windows for sound proofing, solid core doors, and updated electrical panels. The laundry lease has expired, which may allow for additional income management going forward.
The building is located in Inglewood and is described as near SoFi Stadium, Kia Forum, Hollywood Park Casino, and Intuit Dome, providing convenient access to major local destinations.
This listing is noted as part of a package of three apartment buildings that may be purchased individually or together, with additional listings referenced as MLS# 26858415 and 26858849.
The building is located in Inglewood and is described as near SoFi Stadium, Kia Forum, Hollywood Park Casino, and Intuit Dome, providing convenient access to major local destinations.
This listing is noted as part of a package of three apartment buildings that may be purchased individually or together, with additional listings referenced as MLS# 26858415 and 26858849.
Key Highlights
- 6‑unit apartment building (built 1960) in Inglewood
- Unit mix includes 3BD/1.75BA with fireplace, two 2BD/1BA units, and four 1BD/1BA units
- Copper plumbing throughout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$60,732
Cap Rate
4.02%
Suggested Prices Based on Cap Rates
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
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 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.
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Location Intelligence
Trade Area within ½ mile
2,713
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Six-unit multifamily property with updated electrical, dual pane windows, and forced-air heating systems.
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 (built 1960) in Inglewood; Unit mix includes 3BD/1.75BA with fireplace, two 2BD/1BA units, and four 1BD/1BA units; Copper plumbing throughout
