NEW! Buy and sell safely with virtual options - Learn More
About the Listing sb1310620 - SBSAMICAM
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 property benefits from strong employment drivers, entertainment demand, and continued economic growth throughout the area.
Listing Highlights
Status
Active
Days on Site
26
Property Type
Multi-Family
MLS ®
SB26124578
Year Built
1961
Total Square Footage
6,836
Lot/Acreage
0.19
County
Los Angeles
Area
105 - Lennox
Interior Details
- Bedrooms: 15
- Bathrooms: 8 Full
- Appliances:
- Air Cond:
- Heating:
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: 36-40 Units/Acre,Landscaped,Near Public Transit,Paved,Yard,No Land Lease
- Garage Capacity: N/A
- Parking Spaces: 5
- Roof:
- Others: 2+ Total Units
- Sewer: Public Sewer
- Parking Features: Covered,Carport,Driveway,Paved
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 4039024005
- Tax Year: N/A
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Years
% Down Payment
% Mortgage Rate
Questions About..
4932 Lennox Inglewood, CA 90304
Never Miss A New Property
Get notified any time there's a new home on the market in this neighborhood!
Don't worry! We'll never spam you or sell your details. You can unsubscribe whenever you'd like.
Listing Courtesy of -
