$1,889,000
-$60,000222 N LOCUST, Inglewood CA 90301
Multi-Family (8 Units)
Property type
133 days
On market
$364
Price per sqft
8 cars
Garage
1949
Year built
10,001 sqft
Lot size
Open Houses
Overview
LOCATED IN HIGHLY DESIRABLE AREA, WALKING DISTANCE TO INGLEWOOD CITY HALL AND THE FLORENCE/LA BREA METRO STATION. THE TWO BUILDINGS WITH A TOTAL SQUARE FOOTAGE OF 5,187 ON A 9,998 SQUARE FOOT LOT HAVE 8 UNITS WITH A MIX OF TWO 2 BEDROOMS, 1 BATHROOM, FOUR 1 BEDROOM, 1 BATHROOM AND TWO STUDIOS. THESE TWO BUILDINGS ARE WELL MAINTAINED WITH MAJOR REPAIR TO THE SEWER MAIN LINE,...
Listing provided by: Messou Attai DRE #01235440 310-497-7963, Home Smart Realty Group
Listing updated: May 29, 2026 at 03:32am.
Last checked: Jun 5, 2026 at 03:00am
Source: CRMLS #SB26017235
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 1 | 2 | 1 | 1 | $11,545 | $11,545 | $15,756 | Unfurnished |
| 1 | 2 | 1 | 1 | $1,705 | $170 | $2,416 | Unfurnished |
| 1 | 1 | 1 | 1 | $1,555 | $1,555 | $2,416 | Unfurnished |
| 1 | 1 | 1 | 1 | $1,420 | $1,420 | $1,900 | Unfurnished |
| 1 | 1 | 1 | 1 | $1,400 | $1,400 | $1,900 | Unfurnished |
| 1 | 1 | 1 | 1 | $1,500 | $1,500 | $1,900 | Unfurnished |
| 1 | 0 | 1 | 1 | $1,420 | $1,420 | $1,900 | Unfurnished |
| 1 | 0 | 1 | 1 | $1,300 | $1,300 | $1,690 | Unfurnished |
# of Buildings: 2
# of Units Total: 8
Separate Electric Meters: 8
Separate Gas Meters: 8
Separate Water Meters: 1
Rent Control: Yes
Units Leased: 8
Total Actual Rent: $11,545
Tenant Pays: Electricity, Gas
Financial Snapshot
Gross Rent Multiplier
12.8x
List Price / Annual Gross Rent
Cap Rate
5.24%
NOI / List Price
Gross Scheduled Income: $147,600
Operating Expense: $48,567
Net Operating Income: $99,033
Annual Operating Expenses
Electric: $1,779
Fuel: $2
Insurance: $7,863
Professional Management: $0
Trash: $8,333
Water / Sewer: $0
Interior
Laundry: Common Area
Entry Location: 1
Exterior
Property Attached: Yes
Stories Total: 1
Common Walls: One Common Wall
Lot Features: Six To Ten Units Acre
Pool: None
Water Source: Public
Sewer: Private Sewer
Garage and Parking
Garage Spaces: 8
Parking Total: 8
Lot Information
Land Lease: No
Common Interest: CommunityApartment
Parcel #: 4015026025
Additional Parcels: No
Tax Lot: 44
Community
Senior Community: No
Community Features: Biking, Park, Street Lights, Urban
Nearby Schools
Nearby schools around the 222 N LOCUST, Inglewood, CA 90301. Contact the school or district directly to verify enrollment eligibility.
Payment Calculator
Total Principal
$1,511,200
Total Interest
$1,927,452
Total Payment
$3,438,652
Payoff Date
Jun 2056
PMI is disabled automatically when your down payment is 20% or more.
Est. Payment
$11,670
per month
Property History for 222 N LOCUST
Inglewood Market Snapshot
Market stats compare this property with recent MLS activity for similar property types in 90301.
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