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… Read More 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. Read Less
Property listed by Bret Lewis, Broker, Bret Lewis 480-225-6616
Listing Snapshot
Days Online
2
Last Updated
Property Type
Quadruplex
Lot Size
0.14 Acres
Year Built
1966
MLS Number
PW25121739
30 Days Snapshot Of 90301
$625k
+2%
(avg) sold price
8
0%
homes sold
135
+33%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
ElectricOven, GasRange
Building
Built in 1966, Building area total: 4,609, Levels: Two, 2 stories, 1 building, Common walls: NoCommonWalls
Community
Suburban
Cooling
CentralAir
Expenses
Electric expense: $100, Gardener expense: $80, Insurance expense: $2,500, Operating expense: $7,884, Water sewer expense: $400
Fireplaces
FamilyRoom
Heating
Central
Income
Gross income: $140,316, Net operating income: $68,844
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Confirm your time
Fill in your details and we will contact you to confirm a time.
