Jarred M. Wilkins - DRE: 01829771

Jarred M. Wilkins - DRE: 01829771 eXp Realty | Autodidact | Investment Property Specialist at NRE Commercial | Servicing Inglewood & The South Bay | DRE: 01829771

[[JUST CLOSED]] 9 Units in Inglewood. Every deal has a story, but I’ll spare you the details so I don’t spoil the movie ...
04/25/2025

[[JUST CLOSED]] 9 Units in Inglewood.

Every deal has a story, but I’ll spare you the details so I don’t spoil the movie about my life.

This one was special. Working with a long time client and helping them reach the finish line never gets old. Grateful for their trust and the journey.

On to the next…

Jarred Wilkins
NRE Commercial
eXp Realty
DRE #01829771

New Listing: Inglewood, Ca 90301$2,195,000 | 9 Units$305/SF | $243,889/Unit7,199 bldg soft | 11,510 lot sqftUnit Mix: (1...
12/16/2024

New Listing: Inglewood, Ca 90301
$2,195,000 | 9 Units
$305/SF | $243,889/Unit
7,199 bldg soft | 11,510 lot sqft
Unit Mix: (1) 3BD/2.5BA, (1) 2BD/1BA, (7) 1BD/1BA

Jarred Wilkins | Associate
📱 909.644.5523
📧 [email protected]
CA DRE: 01829771

Drew McAllister | Director
📱 562.528.8105
📧 [email protected]
CA DRE: 01946829

Location highlights: SoFi Stadium & Entertainment District, the Kia Forum, and newly constructed Intuit Dome.
LAX, SpaceX, Silicon Beach Tech Hub, and the Culver City tech corridor.

Major retail: Starbucks, Ralphs, and local dining options

36% upside in rental come growth. Additional income growth via California’s SB1211. Expanding current ADU provisions.

Convert 2 tuck-under parking spaces and add 2 detached ADUs.

Yield on Total Cost: 7.27% Fully Stabilized NOI

Pro forma fully stabilized Cap Rate with ADU additions - 10.59%

Felt a little strange being back out in the field today, but the show must go on. ⁣Wednesday is a big day for apartment ...
03/31/2020

Felt a little strange being back out in the field today, but the show must go on. ⁣
Wednesday is a big day for apartment owners, as many tenants (if they haven't already) will be notifying landlords of their inability to pay rent. We know the RE market usually trails the stock market by a few months so we should soon have an idea of what the fallout will be as banks are already tightening up in preparation for what's ahead. I've already prepped many of my clients and prospective sellers to expect to see a 20%-40% drop off in values. This will have the largest effect on the smaller mom & pop landlords. Many of them have long term tenants of 20+ years with jobs that can't be performed remotely and honestly, may not have a job to go back to once the dust has settled. ⁣
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That being said, I dont expect much movement in the next 30days, but now is still a time to get good value for your property before we reach whatever the "bottom" will be. Even if you have to ride out the 1031 exchange process and ultimately end up taking the cash and paying capital gains tax. You’d be in the same position, but with the cash on had to re-enter the market at a discount. ⁣
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Interesting times ahead but no need to panic. Keep a level head and trust the fundamentals. ⁣we’ve been here before...
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I don’t have all the answers, just sharing my perspective.
03/16/2020

I don’t have all the answers, just sharing my perspective.

Kicking off the new year in the city of champions. Felt good to be back in the field this morning. Much of the speculati...
01/13/2020

Kicking off the new year in the city of champions. Felt good to be back in the field this morning. Much of the speculative pricing for apartments in Inglewood is fading as Market/Pro-forma rents aren't immediately achievable (due to the Citys new rent control policy) but deals are still trading. ⁣
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I'd expect things to continue this way as more long term owners begin to navigate their ways through issues they've never had to deal with before.⁣
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Once again, picture day meets trash day....Never fails lol
10/28/2019

Once again, picture day meets trash day....Never fails lol

Spent the morning out in the field, meeting with apartment owners to discuss some options ahead of Friday's final hearin...
09/11/2019

Spent the morning out in the field, meeting with apartment owners to discuss some options ahead of Friday's final hearing of AB 1482. Though many owners are able to endure the effects of the bill due to their low basis in the property, it will have a huge impact on their succession plans as the assigned beneficiaries have every reason to sell. It's not the end of the world of course, and we don't have a crystal ball to see into the future, but the economic figures don't lie.

There is still a small window to exchange and reposition some equity for a more efficient return. If you own any apartment buildings in California and want to discuss your options, feel free to message or call.

Check the story for an update regarding assembly bill 1482 - Statewide rent control!
09/04/2019

Check the story for an update regarding assembly bill 1482 - Statewide rent control!

I recently did an analysis for an owner who, because of rent control, may be forced into selling their entire portfolio ...
08/08/2019

I recently did an analysis for an owner who, because of rent control, may be forced into selling their entire portfolio (3 buildings - 23 units)⁣⁣
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I wanted to share this with you guys to give you a surface-level look at how rent control directly impacts the mom & pop owners who are/have been providing affordable housing for many years. ⁣⁣
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They've had long term tenants so rents are extremely low, and after refinancing to make improvements on the building, they could end up losing the property due to their inability to secure new financing.⁣⁣
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(I'll explain commercial financing to you guys another day lol) ⁣⁣
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When you pull up to take photos and someone has called the police to notify them of a strange man sitting in the car. I ...
07/17/2019

When you pull up to take photos and someone has called the police to notify them of a strange man sitting in the car. I guess I fit the description lol outside of that.. It felt good to be back out in the field. Picture day never disappoints lol

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Long Beach, CA
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