Nine-Unit Apartment
For Sale
$2,550,000
324 E Tamarack Ave, Inglewood, CA 90301
Multifamily property with varied floor plans, covered parking, private outdoor spaces, and one vacant three-bedroom residence.
Property Size8,605 SF
Lot Size0.24 Acres
Price / SF$296.34
Days on Market52
Property Features for 324 E Tamarack Ave
General Information
Standard status
Active
Size
8,605 SF
Lot size
0.24 Acres
Property subtype
MULTI_FAMILY
Site & Location
Neighborhood
Sports Village
Additional Details
Gross Income
$181,728
Multifamily Units
9
Amenities
private balconies and patios
covered parking
air conditioning
laundry room
Building Details
Building Size
8,605 SF
Year Built
1961
Listing Agency:
Renaissance Realty Group
Listed By:
Jamial Clark · License #01292443
(323) 559-0063
Source:
Evecap
Added: Sep 11
Changed: Oct 31
Last Checked: Oct 30 at 10:17PM
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 Renaissance Realty Group
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Investment Insights
Based on property information with market context.
This 9-unit apartment property includes approximately 8,605 square feet of building area on an approximately 10,599-square-foot lot. The unit mix includes one-, two-, and three-bedroom residences, with multiple two-bedroom layouts and a vacant 3-bedroom/2-bath unit. Select apartments offer air conditioning, while private balconies and patios add outdoor space. Covered parking is also provided, and an unused laundry room remains within the property. Built in 1961, the asset combines established multifamily improvements with a range of unit configurations.
The property is located in Inglewood with access to SoFi Stadium, Intuit Dome, Kia Forum, LAX, transportation corridors, employment centers, dining, and shopping. The address is 324 E Tamarack Ave, Inglewood, CA 90301.
The property is located in Inglewood with access to SoFi Stadium, Intuit Dome, Kia Forum, LAX, transportation corridors, employment centers, dining, and shopping. The address is 324 E Tamarack Ave, Inglewood, CA 90301.
Key Highlights
- 9‑unit apartment property with one-, two-, and three‑bedroom residences
- Approximately 8,605 square feet of building area on an approximately 10,599‑square‑foot lot
- Vacant 3‑bedroom/2‑bath unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$106,587
Cap Rate
4.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,131,740
$2.1M
Cap Rate 7%
$1,522,671
$1.5M
Cap Rate 9%
$1,184,300
$1.2M
Market Conditions
NOI Build-Up for 8,605 SF
Gross rent
$195.2K $22.68/SF
− Vacancy
−$1.4K −$0.16/SF
EGI
$193.8K $22.52/SF
− OpEx
−$87.2K −$10.13/SF
NOI
$106.6K $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%
$2,131,740
Cap Rate 7%
$1,522,671
Cap Rate 9%
$1,184,300
Alternative Uses
Best Use
Apartment 5plus
$1.52M
$1.33M – $1.78M
NOI $106,587 @ 7.0% cap · market cap 4.18%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.51M
$3.07M – $4.10M
NOI $245,759 @ 7.0% cap · market cap 9.64%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
9
Residential units
Location Intelligence
Trade Area within ½ mile
2,670
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
Frequently Asked Questions
What type of property is this?
Apartment building - Multifamily property with varied floor plans, covered parking, private outdoor spaces, and one vacant three-bedroom residence.
Where is this apartment building located?
The property is located at 324 E Tamarack Ave Inglewood, CA.
What is the asking price?
The asking price for this property is $2,550,000.
What are key features of this property?
This property features: 9‑unit apartment property with one-, two-, and three‑bedroom residences; Approximately 8,605 square feet of building area on an approximately 10,599‑square‑foot lot; Vacant 3‑bedroom/2‑bath unit
