4256 W 106th Street, Inglewood, CA 90304

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Kobe Zimmerman

kobezimmerman@bhhscal.com +1(858) 753-3353

$1,149,500

Est. payment - /mo

5 Beds

3 Baths

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UPDATED:

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

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 upsidepotentially improving from a 11.53 GRM and 5.30% cap rate to an 8.12 GRM and 8.72% cap rate with cap rate actually 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

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Listed by Michael Millea Lyon Stahl Investment Real Estate, Inc.

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4256 W 106th Street Inglewood, CA 90304