1022 Larch ST, Inglewood, CA 90301
1022 Larch ST, Inglewood, CA 90301
1022 Larch ST, Inglewood, CA 90301
1022 Larch ST, Inglewood, CA 90301
1022 Larch ST, Inglewood, CA 90301
1022 Larch ST, Inglewood, CA 90301
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Freddie Bustria, Bustria & Associates

Freddie Bustria, Bustria & Associates

+1(619) 733-4485
$ 1,395,000
Est. payment | /mo

10 Beds

6 Baths

4,214 SqFt

Save
$ 1,395,000
Est. payment | /mo
Save

10 Beds

6 Baths

4,214 SqFt

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 4,214 sqft

Price per Sqft $331

MLS Listing ID 26103107

Bedrooms 10

HOA Y/N No

Year Built 1962

Lot Size 6,337 Sqft

Property Description

We are pleased to present the exclusive offering of 1022 Larch St, a well-maintained 5-unit apartment building located in the heart of Inglewood, California. This offering presents an attractive opportunity to acquire a fully occupied multifamily asset with strong in-place cash flow and compelling investment fundamentals. Constructed in 1962, the property consists of 4,214 square feet of rentable building area situated on a 6,337 square foot lot. The property features a desirable unit mix of one 1-bedroom/1-bathroom unit, three 2-bedroom/1-bathroom units, and one 3-bedroom/1.5-bathroom unit, providing a variety of spacious layouts to accommodate a broad range of tenant needs. The property is well maintained and offers investors the opportunity to acquire an established income-producing asset without the immediate leasing requirements associated with vacant properties. With 100% occupancy, the building provides attractive day-one income and a stable foundation for continued ownership. Additional operational benefits include an on-site laundry facility and five garages, offering convenient amenities for residents while enhancing the property's overall appeal. Offered at $1,395,000, the property generates an attractive 6.48% current capitalization rate and 9.80 gross income multiplier (GIM), with potential to improve performance to a 7.58% pro forma capitalization rate and an 8.77 pro forma GIM. The property also benefits from an existing Ratio Utility Billing System (RUBS), allowing ownership to recover a portion of utility expenses and support net operating income. Ideally located near SoFi Stadium, the Hollywood Park development, the Intuit Dome, and major employment and transportation corridors, the property benefits from its position within one of Southern California's evolving rental markets. The surrounding area continues to attract investment and attention, providing a compelling location for investors seeking exposure to the Inglewood multifamily market. 1022 Larch St represents an excellent opportunity for both first-time multifamily investors and experienced owners seeking a fully occupied, cash-flowing asset with attractive in-place returns, additional pro forma upside, and desirable property amenities.

Location

State CA

County Los Angeles

Area 102 - South Inglewood

Zoning INR3YY

Interior

Heating Wall Furnace

Cooling None

Fireplace No

Appliance Microwave

Exterior

Parking Features Garage

Garage Spaces 5.0

Garage Description 5.0

Total Parking Spaces 5

Building

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 4024016019

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)
Listed by John Katnik BRC Advisors- BH #02002695

Nearby Locations

Freddie Bustria, Bustria & Associates

Guiding clients through San Diego County's real estate market: tailored solutions for selling, investing, and finding your dream property. Please reach out to me!

+1(619) 733-4485

freddie@freddiebustria.com

8702 La Mesa Blvd, La Mesa, CA 91942, USA

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1022 Larch ST