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222 Lime Street

Inglewood, CA 90301

– beds
– baths
– sqft
6,005 sqft lot
1966 build
– on site

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.

Listed By CRMLS_CA / Bret Lewis / Bret Lewis, Broker / 480-225-6616

Last checked: Checking… • Last updated Jun 7, 2025 •

MLS# PW25121739 —

This property is listed in more than one place. See it here.

The Building

Year Built:

1966
Year Built Source:

Assessor
New Construction:

No
Building Area Total:

4609.00
Building Area Units:

Square Feet
Total Number Of Units:

4
# of Buildings:

1
Stories Total:

2
Entry Level:

1
Common Walls:

No Common Walls
# of Separate Gas Meters:

5
# of Separate Water Meters:

1
# of Separate Electric Meters:

4

Interior

Levels:

Two
Entry Location:

Front
Fireplace:

Yes
Fireplace:

Family Room
Laundry:

Community
Laundry:

1

Location

Directions:

Manchaster Blvd and Inglewood Ave: South on Inglewood Ave, East (L) on Lime.
Latitude:

33.95751800
Longitude:

-118.35839800

The Property

Property Type:

Residential Income
Subtype:

Quadruplex
Property Condition:

Updated/Remodeled
Zoning:

INR3YY
Lot Features:

Yard
Lot Size Area:

6005.0000
Lot Size Acres:

0.1379
Lot Size SqFt:

6005.00
Lot Size Source:

Assessor
View:

1
View:

Neighborhood
Additional Parcels:

No
Land Lease:

No

Listing Agent

Contact info:

Taxes

Tax Block:

257
Tax Census Tract:

6012.12
Tax Lot:

A

The Listing

Special Listing Conditions:

Standard
Parcel Number:

4020014014

Heating & Cooling

Heating:

1
Heating:

Central
Cooling:

Yes
Cooling:

Central Air

Utilities

Sewer:

Public Sewer
Water Source:

Public

Appliances

Appliances:

Electric Oven, Gas Range
Included:

Yes

The Community

Features:

Suburban
Pool:

None
Senior Community:

No
Private Pool:

No

Parking

Parking:

Yes
Parking:

Assigned
Parking Spaces:

6.00
Carport Spaces:

6.00

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
6/6/25 Jun 6, 2025	Listed / Active	CRMLS_CA	$1,549,000

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This multifamily located in Arbor Park, Inglewood, CA 90301 is currently for sale for $1,549,000. 222 Lime Street is a – square foot multifamily with – beds and – baths that has been on Estately for 13 days. 222 Lime Street is in the Arbor Park neighborhood of Inglewood and has a WalkScore® of 82, making it very walkable. This multifamily is in the attendance area of W. Claude Hudnall Tk-6 Elementary School, Morningside High School, and Crozier Middle School.

Listing Courtesy of: CRMLS_CA and Bret Lewis, Broker. Based on information from California Regional Multiple Listing Service, Inc. as of 00:05 on Jun 19.

This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.