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29226893
29226894

4322 W 106th St, Inglewood, CA 90304

PK
01446947, CA 01446947 (+1)
Marcus & Millichap - Orange County
Listed by Marcus & Millichap - Orange County
$2,900,000
144 days on market
Updated 89 days ago

4322-4332 W 106th St, Inglewood

Details
APN 4034-025-004, 4034-025-016, 4034-025-017
Property Type Multifamily
Sub Type Apartment Building
Square Footage 6,698
Net Rentable (SqFt) 6,698
Units 9
Cap Rate 5.38%
NOI $155,948
Occupancy 100%
Pro-Forma Cap Rate 7.48%
Pro-Forma NOI $217,050
Price per SqFt $433
Broker Co-Op Yes
Year Built 1941, 2002
Buildings 5
Stories 2
Acreage 1.200
Zoning R2
Investment Type Value Add

Multifamily | 9 Units | $322,222/unit

Marketing description

The Parham Group of Marcus & Millichap is pleased to present an eight unit multifamily assemblage on over 52,000 SF of land in unincorporated Inglewood with a large portion leased to County of Los Angeles Sheriff’s Department, providing both stability and institutional credit strength. The property presents a rare opportunity to acquire a fully income producing asset with at a competitive going in return with significant upside in rents.

The residential component features a diverse mix of three bedroom and one bedroom units, many recently improved, delivering steady in place income with meaningful rental upside as rents are all below market. The parking area leased to the County adds durable, non residential cash flow backed by a government entity, contributing roughly $6,200 per month in additional income. Positioned within minutes of SoFi Stadium, the Intuit Dome, and Hollywood Park, the asset is poised to benefit from the continued revitalization of Inglewood’s entertainment corridor. Combining stable current returns with long term redevelopment potential, this property offers investors an attractive blend of immediate yield, County-backed income, and irreplaceable land value in one of Los Angeles County’s most dynamic submarkets.

Listing Contacts

PK
01446947, CA 01446947 (+1)
Marcus & Millichap - Orange County
Listed by Marcus & Millichap - Orange County

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$155,948.00
$12,995.67/mo

Valuation Metrics

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DSCR
5.38%
Cap Rate
5.38%
ROI

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