Apartment Building with Three-Year-Old
For Sale
$1,525,000
320 Lime St, Inglewood, CA 90301
Five-unit multifamily building with forced-air heating and dual-pane windows for soundproofing.
Property Size5,952 SF
Days on Market83
Property Features for 320 Lime St
General Information
Standard status
Active
Size
5,952 SF
Property subtype
MULTI_FAMILY
Units
Unit Mix
1 x 3BR+den/1.75BA, 1 x 3BR/1.75BA, 2 x 2BR/1.75BA, 1 x 1BR/1BA
Multifamily Units
5
Amenities
fireplaces
balconies
Building Details
Building Size
5,952 SF
Year Built
1963
Buildings
1
Listing Agency:
Realty Executives Westside
Listed By:
Eugene Anthony · License #00634953
(310) 737-1992
Source:
Evecap
Added: Jun 25
Changed: Sep 8
Last Checked: Sep 15 at 10:48AM
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 apartment building is a five-unit residential income property built in 1963. The unit mix includes one 3-bedroom plus den unit with 1.75 baths, one 3-bedroom unit with 1.75 baths, two 2-bedroom units with 1.75 baths, and one 1-bedroom unit with 1 bath. Both 3-bedroom units include fireplaces and balconies.
The building is all electric and includes copper plumbing throughout. Improvements referenced include a roof that is approximately 3 years old, forced-air heating and heating upgrades through the LAX Airport Program, solid core doors, dual pane windows for soundproofing, and updated electrical panels.
This listing is part of a package of three separate apartment buildings and can be purchased as a package or individually. The other referenced MLS numbers are 26858763 and 26858849. Please do not disturb tenants.
The building is all electric and includes copper plumbing throughout. Improvements referenced include a roof that is approximately 3 years old, forced-air heating and heating upgrades through the LAX Airport Program, solid core doors, dual pane windows for soundproofing, and updated electrical panels.
This listing is part of a package of three separate apartment buildings and can be purchased as a package or individually. The other referenced MLS numbers are 26858763 and 26858849. Please do not disturb tenants.
Key Highlights
- Five‑unit apartment building built in 1963
- Unit mix includes 2 three‑bedroom units, 2 two‑bedroom units, and 1 one‑bedroom unit
- 3‑bedroom units feature fireplaces and balconies
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
$73,726
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
4.83%
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%
$1,474,520
$1.5M
Cap Rate 7%
$1,053,229
$1.1M
Cap Rate 9%
$819,178
$819.2K
Market Conditions
NOI Build-Up for 5,952 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
$135.0K $22.68/SF
− Vacancy
−$945 −$0.16/SF
EGI
$134.0K $22.52/SF
− OpEx
−$60.3K −$10.13/SF
NOI
$73.7K $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%
$1,474,520
Cap Rate 7%
$1,053,229
Cap Rate 9%
$819,178
Alternative Uses
Best Use
Apartment 5plus
$1.05M
$921.6K – $1.23M
NOI $73,726 @ 7.0% cap · market cap 4.83%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.43M
$2.12M – $2.83M
NOI $169,989 @ 7.0% cap · market cap 11.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
2,516
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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Cap Rate, Value Estimation, Potential NOI and more
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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 - Five-unit multifamily building with forced-air heating and dual-pane windows for soundproofing.
Where is this apartment building located?
The property is located at 320 Lime St Inglewood, CA.
What is the asking price?
The asking price for this property is $1,525,000.
What are key features of this property?
This property features: Five‑unit apartment building built in 1963; Unit mix includes 2 three‑bedroom units, 2 two‑bedroom units, and 1 one‑bedroom unit; 3‑bedroom units feature fireplaces and balconies
