Nine-Unit Apartment
New
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 Market5
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
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
Source:
Evecap
Added: Sep 11
Changed: Sep 13
Last Checked: Sep 14 at 11:05AM
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
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 = 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
$106,587
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
4.18%
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%
$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
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
$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 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%
$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.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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
