222 Lime Street, Inglewood, CA 90301 (MLS # PW25121739)

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PRICE $1,549,000 BEDS 0 BATHS 0 HOME SIZE 4,609 sqft LOT SIZE 6,007 sqft Request More Info Schedule a Showing

222 Lime is a true cash cow investment opportunity located in the vibrant Downtown Inglewood neighborhood. Currently generating $6,656 per month in actual rents"”which equals $79,872 annually"”this 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 property's 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 investment's 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 Inglewood's most dynamic and walkable communities, perfectly positioned to benefit from the city's ongoing transformation and growth.