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Listed by Michael Millea • Lyon Stahl Investment Real Estate, Inc.
$1,099,500
Est. payment /mo
0.29 Acres Lot
Pending
4256 W 106th ST Inglewood, CA 90304
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Key Details
Property Type Commercial
Listing Status Pending
Purchase Type For Sale
MLS Listing ID CRSB25158792
Year Built 1957
Lot Size 0.293 Acres
Source California Regional MLS
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
Area 105 - Lennox
Interior
Laundry None
Exterior
Garage Spaces 6.0
Pool None
Building
Lot Description Grade - Level
Story One Story
Water District - Public
Others
Tax ID 4034031040
Special Listing Condition Not Applicable
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