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29898419
29898442

612 Aerick St, Inglewood, CA 90301

RB
CA 00966513
JS
01981597
Lyon Stahl Investment Real Estate
Listed by Lyon Stahl Investment Real Estate
$1,549,000
100 days on market
Updated 72 days ago

6 Unit in Prime North Inglewood

Details
APN 4021-002-004
Property Type Multifamily
Sub Type Apartment Building
Square Footage 3,870
Net Rentable (SqFt) 3,870
Units 6
Cap Rate 6.27%
NOI $97,078
Pro-Forma Cap Rate 7.92%
Pro-Forma NOI $122,628
Price per SqFt $400
Year Built 1957
Buildings 1
Stories 2
Lot Size (SqFt) 6,744
Zoning INR3YY
Parking Spaces 6 per unit
Ground Lease No

Multifamily | 6 Units | $258,167/unit

Marketing description

We are proud to present 612 Aerick Street, a well maintained 6 unit multifamily investment opportunity located in the highly desirable and rapidly growing Inglewood rental market. The property features an attractive unit mix of six 1 bedroom 1 bathroom units totaling 3,870 square feet on a 6,744 square foot lot, offering an efficient layout that supports strong and consistent rental demand. Ownership has completed significant upgrades with five of the six units updated, including in unit laundry. One unit will be delivered vacant and rent ready, providing immediate upside for an investor to capture market rent upon closing. The property also offers six carport parking spaces, an increasingly valuable feature in this submarket.

Located just minutes from SoFi Stadium, the Hollywood Park development, the Kia Forum, and major transit corridors, 612 Aerick Street presents a compelling opportunity to acquire an upgraded asset with strong in place income and additional rental upside in one of Southern California’s most dynamic growth markets.

Investment highlights

  • Unit Mix: (6) 1 Bed / 1 Bath Units

  • 3,870 SF Building on a 6,744 SF Lot

  • Current Cap 6.27% - Projected Market Cap 7.92%

  • 5 of 6 Units Updated Including In Unit Laundry

  • One Unit Delivered Vacant and Rent Ready

  • 6 Carport Parking Spaces

  • Prime Location Near Sofi, Forum, Intuit, and Major Freeways

Listing Contacts

RB
CA 00966513
JS
01981597
Lyon Stahl Investment Real Estate
Listed by Lyon Stahl Investment Real Estate

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$97,078.00
$8,089.83/mo

Valuation Metrics

0
DSCR
6.27%
Cap Rate
6.27%
ROI

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Additional Information

Name
Rory Barish
License
00966513
Brokerage
Keller Williams Beverly Hills
Brokerage Phone
310-502-8797
Title
Real Estate Broker
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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