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Additional details
$ 1,500,000
Est. payment /mo
Active
4932 Lennox Inglewood, CA 90304
7 Beds
4 Baths
8,265 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 SB26124578
Bedrooms 7
Lot Size 8,265 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
4932 Lennox Blvd presents a value-add investment opportunity in the heart of Inglewood, one of Southern Californias fastest-growing multifamily markets. Situated on an 8,262 SF LCR3YY-zoned lot, the property consists of eight units comprised of (7) 2+1 units and (1) 1+1 unit. The asset offers a combination of strong in-place income, rental upside, and future development potential in a market benefiting from significant ongoing investment. Current rents remain below market, creating over $87,000 in projected annual rental upside and the opportunity to significantly increase NOI through unit turnover and strategic rent repositioning. Additionally, the propertys existing layout may provide the ability to develop up to four ADUs, offering another avenue to increase income and long-term value. Buyer to verify all development potential with the City of Inglewood. With over $87,000 in projected rental upside, potential for up to four new ADUs, a projected stabilized cap rate approaching 7%, and a projected GRM below 10, 4932 Lennox Blvd offers investors multiple paths to increase income and create long-term value in one of Los Angeles Countys most active investment markets. Located just minutes from SoFi Stadium, Intuit Dome, Hollywood Park, YouTube Theater, and LAX, the property benefits from strong employment drivers, entertainment demand, and continued economic growth throughout the area.
Location
State CA
County Los Angeles
Zoning Assessor
Direction From I-105, exit Hawthorne Blvd/Prairie Ave. Head north on Hawthorne Blvd, turn left on Lennox Blvd. Property is located on Lenn
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 4039024005
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Listed by Cameron Samimi, DRE#02035763 Lyon Stahl Investment Real Estate, Inc.
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