720 North Market Street

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720 North Market Street

Inglewood, CA 90302
Asking Price
$5.70M
Cap Rate
4.97%
Asset Type
Apartment Building Multifamily
Class
Class B

AI Property Summary

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

  • Multifamily apartment building located in Inglewood, California
  • Asset features a total of 16 turnkey residential units
  • Current asking price for the property is 5,700,000 dollars
  • Investment is positioned at a 4.97 percent cap rate
  • Property is completely renovated and avoids deferred maintenance issues

What's Special

Inglewood serves as a dynamic hub within the Los Angeles metropolitan area, benefiting from ongoing regional investment and a central location that provides efficient access to major employment centers. This multifamily apartment building, situated at 720 North Market Street, represents a turnkey investment opportunity in a high-demand residential market. The property consists of 16 units that have already undergone significant capital improvements, ensuring the asset is fully operational and ready for immediate management. Investors seeking a stable, multi-tenant residential holding will find that this building minimizes initial deferred maintenance requirements. The asset is well-positioned to serve the needs of local professionals and individuals drawn to the growing suburban and urban mix characteristic of this Southern California submarket. Its configuration and condition make it a viable acquisition for portfolios focused on consistent rental income and long-term asset appreciation within the greater Los Angeles basin.

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NOI
$80,000
Cap Rate
1.40%
DSCR
0.24
Underwater
Cash-on-Cash
-15.11%
Monthly Payment
$28,200.49
Annual Cash Flow
$-258,405.88

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