Apartment Building with Private
New
For Sale
$2,550,000
324 E Tamarack Ave, Inglewood, CA 90301
Residential Income, Inglewood, CA
Property Size8,605 SF
Lot Size0.24 Acres
Price / SF$296.34
Days on Market2
Property Features for 324 E Tamarack Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
INR3YY
Bedrooms
15
Bathrooms
13
Full bathrooms
11
Rooms
Bedroom 2, Bedroom 12, Bathroom 13, Bathroom 6, Bathroom 1, Bathroom 7, Bathroom 11, Bedroom 3, Bedroom 11, Bedroom 10, Bathroom 4, Bedroom 6, Bathroom 2, Bedroom 1, Bathroom 9, Bedroom 9, Bedroom 13, Bathroom 12, Bathroom 8, Bedroom 14, Bathroom 10, Bedroom 5, Bedroom 4, Bedroom 15, Bathroom 3, Bathroom 5, Bedroom 7, Bedroom 8
Parking features
Carport
Directions
See Map
Subdivision
North Inglewood
Standard status
Active
APN
4021-035-022
Size
8,605 SF
Lot size
0.24 Acres
Utilities
Heating system
Central
Cooling system
Central Air
Building Details
Year built
1961
Floors in Building
2
Number of units
9
Listing Agency:
Renaissance Realty Group
(310) 242-5547
Listed By:
Jamial Clark · License #01292443
(323) 559-0063
Added: Sep 11
Changed: Sep 12
Last Checked: Sep 12 at 2:06PM
MLS# 26987155
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.
Built in 1961, this 9-unit apartment property contains approximately 8,605 square feet on a 0.2436-acre lot. The unit mix includes one-, two-, and three-bedroom residences, with a vacant 3-bedroom/2-bath unit offering additional leasing capacity. Select apartments include central air conditioning, while private balconies and patios provide outdoor space. Covered parking is provided through carport spaces, and the property has central heating.
An unused laundry room is also present and could accommodate coin-operated equipment, subject to buyer investigation and implementation. The property is located at 324 E Tamarack Ave in Inglewood, California, with access to SoFi Stadium, Intuit Dome, Kia Forum, LAX, transportation corridors, employment centers, dining, and shopping. Zoning is INR3YY.
An unused laundry room is also present and could accommodate coin-operated equipment, subject to buyer investigation and implementation. The property is located at 324 E Tamarack Ave in Inglewood, California, with access to SoFi Stadium, Intuit Dome, Kia Forum, LAX, transportation corridors, employment centers, dining, and shopping. Zoning is INR3YY.
Key Highlights
- 9‑unit apartment property on a 0.2436‑acre lot
- Approximately 8,605 square feet of building area
- Unit mix includes one-, two-, and three‑bedroom residences
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
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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
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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 - Nine-unit multifamily property with varied floor plans, covered parking, and select residences featuring private outdoor space.
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 on a 0.2436‑acre lot; Approximately 8,605 square feet of building area; Unit mix includes one-, two-, and three‑bedroom residences
