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 Market80
Property Features for 315 Lime St
General Information
Standard status
Active
Size
4,903 SF
Property subtype
MULTI_FAMILY
Building Details
Building Size
4,903 SF
Year Built
1960
Listing Agency:
Realty Executives Westside
Listed By:
Eugene Anthony · License #00634953
(310) 737-1992
Source:
Evecap
Added: Jun 25
Changed: Aug 16
Last Checked: Sep 12 at 8:25AM
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
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 = 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
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Current Use
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
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Market
Vacancy Rate% for Multifamily in West region
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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
