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$ 1,099,500
Est. payment | /mo
5 Beds
3 Baths
$ 1,099,500
Est. payment | /mo
5 Beds
3 Baths
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID SB25158792
Bedrooms 5
Property Sub-Type Res Income 2-4 Units
Property Description
ANOTHER GREAT PRICE REDUCTION!! Presenting a rare opportunity to own in the rapidly evolving Lennox/Inglewood area with about 40% in rental upside potential. This versatile property offers remarkable flexibility, value, and potential for an investors seeking to capitalize on the vibrant local real estate boom occurring near SoFi Stadium. This Lennox/Inglewood property features three buildings on a 12,770 sq. ft. R-2 lot: one 3 bed/1.5 bath house and two duplexes, each unit with its own garage between the unit, which creates the feel of a separate house. The property needs upgrades but offers approximately 40% rental upside - potentially improving from a 11.03 GRM and 5.6% cap rate to an 7.76 GRM and 9.17% Cap with CAP RATE HIGHER than the GRM Front unit has a small front yard. while 3 bedroom house in back includes a backyard. Central air & heat, double pane windows, sound proof doors- improved by City. Front 2 units had a new roof put on in 2023
Location
State CA
County Los Angeles
Zoning Assessor
Direction from Hawthorne Blvd turn east on 106th St.
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 1
Level or Stories 1
Others
Tax ID 4034031040
Listed by Michael Millea Lyon Stahl Investment Real Estate, Inc.
“My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! ”