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1042 N Market St
Inglewood, CA 90302
Multifamily Property For Sale
·
5 Units
Investment Highlights
- Lots of natural light
- Located near major transportation routes and approximately 4.5 miles from Los Angeles International Airport (LAX), ensuring strong connectivity.
- Positioned in a market with consistent rental demand and proximity to retail, dining, and employment centers.
- Zoning and parcel details indicate residential income use, supporting long-term investment potential.
- Built in 1953, the property is situated within a well-established community with access to local amenities and services.
Executive Summary
This five-unit investment property offers incredible potential with its prime location and promising rental upside. Featuring 4 -spacious two bedroom / one bathroom units, and 1- one bedroom / one bathroom unit. 4 of the units have their own private garages, and there are 2 courtyard areas that could be used as outdoor space for the tenants. This property is located in a highly desired neighborhood and is conveniently close to major attractions such as he future Clippers Arena, the Kia Forum, LAX, SoFi Stadium, nearby shopping and the breathtaking Beach Cities. This property is a gem waiting to be polished, but with the booming demand for housing in the area, renovating and upgrading this property presents an excellent opportunity to increase rental income and maximize returns over time. Don't miss out on this fantastic opportunity to own a multi-unit property in one of North Inglewood's most desirable neighborhoods. Take advantage of the incredible location, proximity to major attractions, and the potential for increased rental income. Great fixer upper opportunity.
Property Facts
| Price Per Unit | $383,244 CAD | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 9.17% | Lot Size | 0.12 AC |
| Sale Condition | Deferred Maintenance | Building Size | 4,456 SF |
| No. Units | 5 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1953 |
| Property Subtype | Apartment | Parking Ratio | 1.12/1,000 SF |
| Zoning | INC2YY - LAND DESC IN DOC 1093199,771003 TR=7250 LOT 202 AND POR OF LOTS 201 AND LOT 203 | ||
| Price Per Unit | $383,244 CAD |
| Sale Type | Investment |
| Cap Rate | 9.17% |
| Sale Condition | Deferred Maintenance |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.12 AC |
| Building Size | 4,456 SF |
| No. Stories | 2 |
| Year Built | 1953 |
| Parking Ratio | 1.12/1,000 SF |
| Zoning | INC2YY - LAND DESC IN DOC 1093199,771003 TR=7250 LOT 202 AND POR OF LOTS 201 AND LOT 203 |
Amenities
Unit Amenities
- Intercom
Site Amenities
- Storage Space
- Bicycle Storage
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 4 | $2,395 CAD | 891 |
| 1+1 | 1 | $1,642 CAD | 891 |
Property Taxes
| Parcel Number | 4014-011-023 | Improvements Assessment | $253,517 CAD |
| Land Assessment | $183,944 CAD | Total Assessment | $437,461 CAD |
Property Taxes
Parcel Number
4014-011-023
Land Assessment
$183,944 CAD
Improvements Assessment
$253,517 CAD
Total Assessment
$437,461 CAD
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