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Listed by Cameron Samimi, DRE #02035763 • Lyon Stahl Investment Real Estate, Inc.
$ 1,500,000
Est. payment /mo
Pending
4932 Lennox Inglewood, CA 90304
8,265 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Pending
Purchase Type For Sale
MLS Listing ID CRSB26124578
Year Built 1961
Lot Size 8,265 Sqft
Source California Regional MLS
Property Description
4932 Lennox Blvd presents a value-add investment opportunity in the heart of Inglewood, one of Southern California's 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 property's 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 County's most active investment markets. Located just minutes from SoFi Stadium, Intuit Dome, Hollywood Park, YouTube Theater, and LAX, the pro
Location
State CA
County Los Angeles
Area 105 - Lennox
Interior
Laundry None
Exterior
Parking Features Carport , Covered Parking, Other
Garage Spaces 5.0
Pool None
Building
Lot Description Paved
Water District - Public
Others
Tax ID 4039024005
Special Listing Condition Not Applicable
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