14
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$1,149,500
Est. payment /mo
0.29 Acres Lot
Price Dropped by $50K
4256 W 106th ST Inglewood, CA 90304
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Key Details
Property Type Apartment
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID SB25158792
HOA Y/N No
Year Built 1957
Lot Size 0.293 Acres
Property Sub-Type Apartment
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 upside—potentially 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
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
Area 105 - Lennox
Zoning LCR2YY
Interior
Fireplace No
Laundry None
Exterior
Garage Spaces 6.0
Garage Description 6.0
Pool None
Community Features Curbs, Sidewalks
Total Parking Spaces 6
Private Pool No
Building
Lot Description Back Yard, Front Yard, Level, Rectangular Lot
Story 1
Entry Level One
Sewer Public Sewer
Water Public
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 4034031040
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Special Listing Condition Standard, Trust
Listed by Michael Millea Lyon Stahl Investment Real Estate, Inc. 310-233-2800
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