112 Eucalyptus Ave Inglewood, CA 90301-4616

Property Details for 112 Eucalyptus Ave

Year built

1910

Construction

WOOD

Lot size

0.18 lot acres

Property size

2,678 SF

Zone code

INR4*

Property type

Residential income homes

Property subtype

Serviced apartments

APN

4020-018-023

APU

4020018023

Description

This exceptional 10-unit apartment building, located at 112 S Eucalyptus Ave in Inglewood, CA 90301, presents a compelling investment opportunity. The property boasts a total of 2,678 square feet on an 8,005 square foot lot and comprises three separate structures. The unit mix includes one 1-bedroom/1-bathroom unit, one 2-bedroom/1-bathroom unit, and eight single units. Built in 1901, the property is zoned INR4* and is not subject to the soft-story retrofit program. Currently generating a strong NOI of $137,383, resulting in a 7.25% cap rate, this property offers a significant monthly cash flow of $15,147. The asking price is $1,895,000, translating to $189,500 per unit and $707.62 per square foot. The land value alone is $236.73 per square foot. Situated in a prime Inglewood submarket, the property benefits from strong rental demand and proximity to local amenities such as cafes, restaurants, and schools. There is also an estimated 26% upside potential in current rents. This is a rare opportunity to acquire a well-performing multifamily asset with significant upside potential in a thriving Los Angeles County market. The APN is 4020-018-023.

Location Insight

City

Inglewood

County

Los Angeles

State

California

Longitude

-118.359

Latitude

33.9623

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments