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212 E Tamarack Ave
Inglewood, CA 90301 Inglewood

$3,250,000 USD

Apartments For Sale  •  9,802 SF

Property Details

  • Property Type Apartments
  • Total Building Size 9,802 SF
  • Lot Size 0.26 AC
  • Building Class C
  • Year Built 1960
  • Cap Rate 6.15 %
  • Zoning INR3YY
54 Transit Score
91 Walk Score

Highlights

12 Unit Apartment Walking Distance to SoFi Stadium – The building lies only a half of a mile away from SoFi Stadium and renowned LA Forum.
Attractive In-Place Rents with Clear Upside – The asset currently operates at a 6.15% cap rate and a 10.82 GRM with clear upside.
12 Individual Co-Op Units – The units were originally constructed in 1960 as Co-Op units or Own Your Own apartment units. Potential condo conversion.
7 Units on Section 8 Vouchers and One Unit Vacant – Seven of the units are on Section 8 vouchers providing strong guaranteed income.
Potential for 1-2 Vacant Units at Close of Escrow - Leading to clear upside and potential to capture market rents.
Subterranean Parking – 12 subterranean parking spaces is a significant competitive advantage in the Inglewood submarket.

Property Flyers

Financial Summary (Actual)

Net Operating Income: $199,806 USD (2025)
Cap Rate: 6.15 %
Total Expenses: $92,068 USD

Amenities

  • Air Conditioning
  • Controlled Access
  • Heating
  • Storage Space

Public Transportation

AirportDriveWalkDistance
Los Angeles International 9 min - 4.1 mi
Long Beach (Daugherty Field) 27 min - 18.3 mi
Bob Hope 37 min - 21.2 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 12
Type: Covered
Included in Rent: Yes
John Katnik 310-956-2291 BRC Advisors - BH, Inc.
John Katnik 310-956-2291 BRC Advisors - BH, Inc.