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$ 2,795,000
Est. payment /mo
Active
310 S Eucalyptus AVE Inglewood, CA 90301
15 Beds
15 Baths
8,503 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 8,503 sqft
Price per Sqft $328
MLS Listing ID 26668793
Bedrooms 15
HOA Y/N No
Year Built 1965
Lot Size 7,557 Sqft
Property Description
We are pleased to present the exclusive offering of 310 S Eucalyptus Ave, a townhome style apartment complex in the heart of Inglewood. This asset presents a rare opportunity to acquire a well-located, high-quality 8-unit apartment building in the heart of Inglewood, just minutes from SoFi Stadium and the Hollywood Park development. Constructed in 1965, the property consists of 8,503 square feet of rentable square feet situated on a 7,557 square foot lot. The asset is highlighted by its unique unit mix, featuring majority large townhome-style units that significantly enhance rental appeal and long-term tenant demand. Townhome-style apartments are rarely built today and command a premium due to their spacious layouts, separation of living spaces, and overall livability. Four of the eight units have already been renovated, providing immediate confirmation of achievable market rents while leaving a clear runway for continued upside through additional interior upgrades. The property offers strong in-place performance with a current 5.42% cap rate and 11.84 GIM, with upside to a 6.70% pro forma cap rate and 10.16 pro forma GIM upon stabilization. The building is individually metered for gas and electricity and benefits from an in-place RUBS (Ratio Utility Billing System), allowing ownership to recapture a portion of utility expenses and further enhance returns. All units feature central heating and air conditioning, a rare amenity in the Inglewood area. Additional highlights include 16 on-site parking spaces, new exterior paint, and an on-site laundry facility. Positioned in one of Southern California's fastest-evolving rental markets, 310 S Eucalyptus Ave offers investors durable cash flow, strong rental demand, and a rare opportunity to own an irreplaceable townhome-style multifamily asset with long-term upside.
Location
State CA
County Los Angeles
Area 101 - North Inglewood
Zoning INR3YY
Interior
Heating Central
Cooling Central Air
Fireplace No
Laundry Common Area
Exterior
Parking Features Attached Carport, Garage, Tandem
Garage Spaces 1.0
Garage Description 1.0
Total Parking Spaces 16
Building
Faces West
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 4020016004
Special Listing Condition Standard
Listed by John Katnik BRC Advisors- BH #02002695
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