324 East Tamarack Avenue

Inglewood, CA 90301

$2,400,000
Price
15
Beds
11
Baths
8,605 Sq. Ft.
$279 / Sq. Ft.
8,605
Sq. Ft.
$279
per Sq. Ft.

Description

NEW ASKING PRICE: $267k/Unit & $279/SF. 324 E. Tamarack Ave in Inglewood is a tremendous value-add opportunity and not subject to Los Angeles rent control. This 9-unit property is nestled in a prime residential neighborhood within the trending community of Inglewood. The property's unique features (oversized units, private balconies/patios, A/C systems, covered parking) provide a competitive leasing advantage. With over 20% in rental upside, there is ample room to increase revenue in line with the...NEW ASKING PRICE: $267k/Unit & $279/SF. 324 E. Tamarack Ave in Inglewood is a tremendous value-add opportunity and not subject to Los Angeles rent control. This 9-unit property is nestled in a prime residential neighborhood within the trending community of Inglewood. The property's unique features (oversized units, private balconies/patios, A/C systems, covered parking) provide a competitive leasing advantage. With over 20% in rental upside, there is ample room to increase revenue in line with the growing demand of Inglewood's thriving rental market.
  1. Listed by Steffan Braunlich • DRE #01859098 • Brokerage DRE #01308753 • Berkadia

Property Details for 324 East Tamarack Avenue

Zoning
INR3YY
Parcel Number
4021035022
Total Units
9.0
Living Area
8605
Source Living Area
Vendor Enhanced
Area
North Inglewood (101)
Lot Size Area
10610
Source Lot Size Area
Assessor
LISTING UPDATED: 12/03/2024 05:04 PM

Property Details for 324 East Tamarack Avenue

StatusActive
MLS #24-413733
Days on Market173
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1961
Lot Size0.24 AC / 10,610 SF
CountyLos Angeles County

Building Information for 324 East Tamarack Avenue

Stories-Residences-Year Built1961Building Size-Lot Size0.24 AC / 10,610 SF

Property Information for 324 East Tamarack Avenue

Community / Development
Community / Development
  • Number Of Units: 9
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 0
  • Number Of Buildings: 1
  • Type Of Units: Apartments
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $191,272
  • Net Operating Income: $120,640.00
  • Gross Income: $197,187
  • Cap Rate: 5.03%
  • Gross Rent Multiplier: $12.17
  • Total Annual Expense: 70632
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.2436
  • Lot Size Square Feet: 10610
Parking Details
Parking Details
  • Parking Garage: Covered Parking
  • Total Parking: 0
  • Parking Features: Covered
Interior Features
Interior Features
  • Levels: Two
  • Cooling Type: Air Conditioning
  • Heating: Central
  • Heating Type: Central
  • Equipment: Washer, Dryer
  • Laundry: Washer Included, Dryer Included
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 07-10-2024
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,562.00
  • Unit Actual Rent: $6,248.00
  • Unit Projected Rent: $1,950.00
  • Like Units: 4
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,849.00
  • Unit Actual Rent: $5,547.00
  • Unit Projected Rent: $2,350.00
  • Like Units: 3
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,027.00
  • Unit Actual Rent: $2,027.00
  • Unit Projected Rent: $2,450.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,612.00
  • Unit Actual Rent: $2,612.00
  • Unit Projected Rent: $2,900.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $472,857.00
  • Assessed Improvement Percent: 31.03
  • Assessed Land Value: $1,050,808.00
  • Assessed Land Percent: 68.97
  • Assessed Total Value: $1,523,665.00

Property History for 324 East Tamarack Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 324 East Tamarack Avenue

Taxable ValueLand$1,071,824Additions$482,314Total$1,554,138
Tax Record2024$21,709 ($1,809 / month)
Home Facts
Total Finished SqFt8,605 SqFtAbove Grade Finished SqFt8,605 SqFtLot Size10,610 SqFtStyleMulti-Family Res (5+ Units)Year Built1961ZoningINR3YYCountyLOS ANGELESAPN4021-035-022

Schools near 324 East Tamarack Avenue

This home is within Inglewood Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 7 to 8
Public - 9 to 12
Charter - K to 5
Rating
School
Distance
Kelso (William H.) Elementary School
PublicK to 6

Crozier (George W.) Middle School
Public7 to 8

Morningside High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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324 East Tamarack Avenue is a multi-family home for sale in Inglewood, CA 90301. This property was listed for sale on July 10, 2024 by Berkadia, it's currently listed at $2,400,000. It has been on the market for a total of 173 days and was last sold on March 31, 2006. This listing's school district is Inglewood Unified School District. Nearby schools include Kelso (William H.) Elementary School, Crozier (George W.) Middle School and Morningside High School. 324 East Tamarack Avenue is a 15-bed, 11-bath, 8,605 sqft multi-family home built in 1961.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Berkadia, Steffan Braunlich, DRE #01859098

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.