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Nicole Hazelton-Meacham

[email protected] +1(619) 206-1892

$1,500,000

Est. payment - /mo

7 Beds

4 Baths

8,265 Sqft Lot

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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 SB26124578

Bedrooms 7

Lot Size 8,265 Sqft

Property Sub-Type Res Income 2-4 Units

Property Description

4932 Lennox Blvd presents a value-add investment opportunity in the heart of Inglewood, one of Southern Californias 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 propertys 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 Countys 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.

Location

State CA

County Los Angeles

Zoning Assessor

Direction From I-105, exit Hawthorne Blvd/Prairie Ave. Head north on Hawthorne Blvd, turn left on Lennox Blvd. Property is located on Lenn

Interior

Fireplace No

Exterior

View Y/N No

Building

Story 2

Level or Stories 2

Others

Senior Community No

Tax ID 4039024005

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

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Listed by Cameron Samimi, DRE#02035763 Lyon Stahl Investment Real Estate, Inc.

Nearby School & Business

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Nicole Hazelton-Meacham

+1(619) 206-1892

Broker Associate | License ID: 01819363

Broker Associate License ID: 01819363

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4932 Lennox Inglewood, CA 90304

Nicole Hazelton-Meacham

Key Details

Location

Interior

Exterior

Building

Others

Nearby School & Business

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