1022 Larch Street, Inglewood, CA 90301
Local realty services provided by:Better Homes and Gardens Real Estate Haven Properties
1022 Larch Street,Inglewood, CA 90301
$1,395,000
- 10 Beds
- 6 Baths
- 4,214 sq. ft.
- Multi-family
- Active
Listed by: john katnik
Office: brc advisors- bh
MLS#:26103107
Source:CRMLS
Price summary
- Price:$1,395,000
- Price per sq. ft.:$331.04
About this home
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....
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Home facts
- Year built:1962
- Listing ID #:26103107
- Added:17 day(s) ago
- Updated:November 06, 2026 at 02:58 PM
Rooms and interior
- Bedrooms:10
- Total bathrooms:6
- Kitchen Description:Microwave
- Living area:4,214 sq. ft.
Heating and cooling
- Heating:Wall Furnace
Structure and exterior
- Year built:1962
- Building area:4,214 sq. ft.
- Lot area:0.15 Acres
- Levels:2 Story
Finances and disclosures
- Price:$1,395,000
- Price per sq. ft.:$331.04
Features and amenities
- Appliances:Microwave
Parking
- Total parking spaces:5
- Parking description:Garage
- Garage:Yes
- Garage spaces:5
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