6-Unit Apartment
For Sale
$1,510,000
315 Lime St, Inglewood, CA 90301
Residential Income, Mid-Century, Inglewood, CA
Property Size4,903 SF
Lot Size0.17 Acres
Price / SF$307.97
Days on Market112
Property Features for 315 Lime St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
INR3YY
Bedrooms
9
Bathrooms
7
Full bathrooms
7
Rooms
Bedroom 9, Bedroom 5, Bedroom 8, Bathroom 1, Bathroom 4, Bedroom 7, Bathroom 6, Bedroom 2, Bathroom 5, Bedroom 6, Bathroom 7, Bedroom 4, Bedroom 1, Bedroom 3, Bathroom 3, Bathroom 2
Parking
5
Parking features
Carport
Window features
Double Pane Windows
Interior features
220V Throughout, Drywall Walls
Fireplace
1
Appliances
Gas, Oven-Gas, Free Standing Gas
Elementary school district
Inglewood Unified
Middle school district
Inglewood Unified
High school district
Inglewood Unified
Directions
Take Manchester Blvd to Inglewood Ave turn south, go 3 blocks to Lime St turn East then go to middle of block subject property is on north side of street
Subdivision
North Inglewood
Standard status
Active
APN
4020-012-004
Size
4,903 SF
Lot size
0.17 Acres
Utilities
Heating system
Forced Air
Building Details
Year built
1960
Floors in Building
2
Number of units
6
Flooring type
Carpet, Tile - Ceramic
Roof type
Shingle, Composition
Architectural style
Other
Listing Agency:
Realty Executives Westside · Realty Executives International
(310) 737-1992
Listed By:
Eugene Anthony · License #00634953
(213) 700-1071
Added: Jun 25
Changed: Oct 8
Last Checked: Oct 14 at 1:06AM
MLS# 26858763
Copyright © 2026 The MLS/CLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 6-unit apartment building contains a three-bedroom, 1.75-bath residence with a fireplace, a two-bedroom, one-bath unit, and four one-bedroom, one-bath units. The 4,903-square-foot property was built in 1960 on 0.1722 acres and includes copper plumbing, updated electrical panels, forced-air heating, dual-pane windows, solid-core doors, ceramic tile, carpet, and carport parking. Additional features include gas appliances, 220V service throughout, drywall walls, and a shingle and composition roof.
The property is located in Inglewood, California, near SoFi Stadium, Kia Forum, Hollywood Park Casino, and Intuit Dome. It is designated under zoning code INR3YY. The laundry lease has expired, leaving the laundry area without a current lease arrangement. The asset is also offered as part of a package of three apartment buildings, with individual purchase noted in the property information.
The property is located in Inglewood, California, near SoFi Stadium, Kia Forum, Hollywood Park Casino, and Intuit Dome. It is designated under zoning code INR3YY. The laundry lease has expired, leaving the laundry area without a current lease arrangement. The asset is also offered as part of a package of three apartment buildings, with individual purchase noted in the property information.
Key Highlights
- 6‑unit apartment building with a 3‑bedroom, 1.75‑bath unit, a 2‑bedroom, 1‑bath unit, and four 1‑bedroom, 1‑bath units
- 4,903 square feet on a 0.1722‑acre lot
- Copper plumbing, updated electrical panels, forced‑air heating, and dual‑pane windows
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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Property Analytics
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Current Use
Lease Details
6
Residential units
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 - Unit mix includes a three-bedroom residence and five one- or two-bedroom units with updated building 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 with a 3‑bedroom, 1.75‑bath unit, a 2‑bedroom, 1‑bath unit, and four 1‑bedroom, 1‑bath units; 4,903 square feet on a 0.1722‑acre lot; Copper plumbing, updated electrical panels, forced‑air heating, and dual‑pane windows
