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Listed by Cameron Samimi, DRE #02035763 • Lyon Stahl Investment Real Estate, Inc.
$ 1,100,000
Est. payment | /mo
7,514 Sqft Lot
$ 1,100,000
Est. payment | /mo
7,514 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRSB26124346
Year Built 1941
Lot Size 7,514 Sqft
Property Sub-Type Fourplex
Source California Regional MLS
Property Description
4928 Lennox Blvd presents a unique opportunity to acquire a well-located apartment property in the heart of Inglewood, one of Southern California's fastest-growing rental markets. Situated on a 7,512 SF LCR3YY-zoned lot, the property consists of (1) 3+1 unit, (3) 2+1 units, and (1) non-conforming studio unit, offering investors a compelling combination of current income, rental upside, and future development potential. A key investment advantage is that the property is currently recognized as a 4-unit property with a non-conforming fifth unit, potentially allowing qualified buyers access to residential financing options that are often unavailable on traditional 5+ unit multifamily properties. This structure may provide more favorable financing terms, lower down payment requirements, and greater buyer accessibility. Buyers should independently verify financing eligibility with their lender. In addition to its attractive financing profile, the property offers a significant ADU value-add opportunity. The existing carport area may provide the ability to develop up to four new ADUs, creating a rare opportunity to substantially increase rental income and long-term property value. Combined with the property's existing rental upside, the ADU potential creates multiple paths to enha
Location
State CA
County Los Angeles
Area 105 - Lennox
Interior
Laundry None
Exterior
Parking Features Assigned Spaces, Carport
Garage Spaces 7.0
Pool None
Building
Lot Description Paved
Water District - Public
Others
Tax ID 4039024006
Special Listing Condition Not Applicable
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