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$ 1,549,000
Est. payment /mo
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222 Lime Street Inglewood, CA 90301
8 Beds
8 Baths
6,005 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID PW25121739
Bedrooms 8
HOA Y/N No
Lot Size 6,005 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
222 Lime is a true cash cow investment opportunity located in the vibrant Downtown Inglewood neighborhood. Currently generating $6,656 per month in actual rentswhich equals $79,872 annuallythis property also boasts strong upside with potential proforma rents of $11,693 per month or $140,316 annually at full market occupancy. This significant income gap highlights the propertys compelling potential for value growth and increased cash flow. These figures do not even include an estimated additional $1,800 per year in laundry income, further enhancing the investments profitability. Situated in an area undergoing major revitalization, 222 Lime offers excellent walkability with a Walk Score of 82, placing everyday amenities, dining, public transit, and entertainment venues within easy reach. The property is conveniently close to major attractions like SoFi Stadium and the Inglewood Basketball and Entertainment Center, making it a highly desirable location for tenants seeking an active, connected lifestyle. The building features a spacious and versatile mix of unit types, including a large, two-story 3-bedroom, 2.5-bath unit with a private balcony, two 2-bedroom units, and a 1-bedroom unit. Recent upgrades include a large, relatively new water heater serving all units, central heating and air conditioning throughout with three of the four AC units newly installed, and individually metered utilities comprising five gas meters, four electric meters, and one water meter, ensuring efficient cost management. Owner-owned laundry machines and range/oven units help reduce tenant expenses
222 Lime is a true cash cow investment opportunity located in the vibrant Downtown Inglewood neighborhood. Currently generating $6,656 per month in actual rentswhich equals $79,872 annuallythis property also boasts strong upside with potential proforma rents of $11,693 per month or $140,316 annually at full market occupancy. This significant income gap highlights the propertys compelling potential for value growth and increased cash flow. These figures do not even include an estimated additional $1,800 per year in laundry income, further enhancing the investments profitability. Situated in an area undergoing major revitalization, 222 Lime offers excellent walkability with a Walk Score of 82, placing everyday amenities, dining, public transit, and entertainment venues within easy reach. The property is conveniently close to major attractions like SoFi Stadium and the Inglewood Basketball and Entertainment Center, making it a highly desirable location for tenants seeking an active, connected lifestyle. The building features a spacious and versatile mix of unit types, including a large, two-story 3-bedroom, 2.5-bath unit with a private balcony, two 2-bedroom units, and a 1-bedroom unit. Recent upgrades include a large, relatively new water heater serving all units, central heating and air conditioning throughout with three of the four AC units newly installed, and individually metered utilities comprising five gas meters, four electric meters, and one water meter, ensuring efficient cost management. Owner-owned laundry machines and range/oven units help reduce tenant expenses while providing reliable appliances. All units feature dual-pane windows and sound-insulated doors installed under the Inglewood Sound Insulation Program, enhancing tenant comfort and quiet. Unit C has new carpeting and recently renovated bathrooms, while Unit D offers new kitchen cabinetry with elegant quartz countertops. 222 Lime represents a rare chance to own a high-performing, cash-flowing asset in one of Inglewoods most dynamic and walkable communities, perfectly positioned to benefit from the citys ongoing transformation and growth.
222 Lime is a true cash cow investment opportunity located in the vibrant Downtown Inglewood neighborhood. Currently generating $6,656 per month in actual rentswhich equals $79,872 annuallythis property also boasts strong upside with potential proforma rents of $11,693 per month or $140,316 annually at full market occupancy. This significant income gap highlights the propertys compelling potential for value growth and increased cash flow. These figures do not even include an estimated additional $1,800 per year in laundry income, further enhancing the investments profitability. Situated in an area undergoing major revitalization, 222 Lime offers excellent walkability with a Walk Score of 82, placing everyday amenities, dining, public transit, and entertainment venues within easy reach. The property is conveniently close to major attractions like SoFi Stadium and the Inglewood Basketball and Entertainment Center, making it a highly desirable location for tenants seeking an active, connected lifestyle. The building features a spacious and versatile mix of unit types, including a large, two-story 3-bedroom, 2.5-bath unit with a private balcony, two 2-bedroom units, and a 1-bedroom unit. Recent upgrades include a large, relatively new water heater serving all units, central heating and air conditioning throughout with three of the four AC units newly installed, and individually metered utilities comprising five gas meters, four electric meters, and one water meter, ensuring efficient cost management. Owner-owned laundry machines and range/oven units help reduce tenant expenses while providing reliable appliances. All units feature dual-pane windows and sound-insulated doors installed under the Inglewood Sound Insulation Program, enhancing tenant comfort and quiet. Unit C has new carpeting and recently renovated bathrooms, while Unit D offers new kitchen cabinetry with elegant quartz countertops. 222 Lime represents a rare chance to own a high-performing, cash-flowing asset in one of Inglewoods most dynamic and walkable communities, perfectly positioned to benefit from the citys ongoing transformation and growth.
Location
State CA
County Los Angeles
Area Inglewood (90301)
Zoning Assessor
Interior
Cooling Central Forced Air
Exterior
Parking Features Unit1:Assigned
Building
Story 2
Lot Size Range 4000-7499 SF
Level or Stories 2 Story
Others
Acceptable Financing Conventional, Exchange, FHA, VA
Space Rent $2,992
Listing Terms Conventional, Exchange, FHA, VA
Listed by Bret Lewis • Bret Lewis, Broker