1013 E La Palma

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1013 E La Palma

Inglewood, CA 90301
Asking Price
$2.00M
Asset Type
Apartment Building Multifamily
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Seven-unit multifamily apartment building located in Inglewood, California.
  • The property is available for purchase at $1,995,777.
  • Located within the 90301 zip code in the Los Angeles area.
  • Strategic multifamily investment asset designed for recurring rental income.
  • Features a total of seven individual residential rental units.

What's Special

Investors seeking an income-producing multifamily asset in a high-demand market will find this seven-unit apartment building at 1013 E La Palma a strategic addition to their portfolio. Located in Inglewood, California, the property is positioned within a dense urban landscape that has experienced significant redevelopment and infrastructure investment. The current configuration allows for immediate rental operation in a region where housing demand remains consistently high due to proximity to regional employment hubs and major entertainment venues in the Los Angeles metro area. This asset type remains a staple for stable cash flow generation in the Southern California market. The location provides connectivity to key transit corridors, making it a viable option for a diverse tenant base looking for accessible rental housing. Prospective buyers may consider long-term hold strategies to capitalize on the ongoing growth patterns characterising this submarket. The seven units offer the scale necessary for efficient management while providing diversification within a residential investment strategy.

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NOI
$80,000
Cap Rate
4.01%
DSCR
0.68
Underwater
Cash-on-Cash
-6.43%
Monthly Payment
$9,874.016
Annual Cash Flow
$-38,488.188

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