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4932 W Lennox Blvd
Inglewood, CA 90304 Inglewood

$1,500,000 USD

Apartments For Sale  •  6,836 SF

Property Details

  • Property Type Apartments
  • Total Building Size 6,836 SF
  • Lot Size 0.19 AC
  • Building Class C
  • Year Built 1961
  • Zoning LCR3YY
50 Transit Score
60 Walk Score

Highlights

Over $87,000 in annual rental upside with current rents at $13,355/month versus projected market rents of $20,650/month.
Potential to develop up to 4 additional ADUs, creating added income and long-term value. Buyer to verify.
Currently offered at a cap rate just below 7%, providing strong in-place cash flow from day one.
Currently offered at a GRM below 10, an attractive basis relative to many recent Inglewood sales.
Potential to increase NOI by more than 30% through unit turnover and rent repositioning alone.
Priced at just $187,500 per unit, below many recent Inglewood multifamily sales.

Property Flyers

Public Transportation

Transit/SubwayDriveWalkDistance
Hawthorne Station (Green Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 5 min 20 min 1.0 mi
AirportDriveWalkDistance
Los Angeles International 7 min - 3.1 mi
Long Beach (Daugherty Field) 24 min - 17.7 mi
Bob Hope 40 min - 28.0 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 9
Type: Covered
Included in Rent: Yes
Cameron Samimi 310-259-7556 Lyon Stahl Investment Real Estate
Cameron Samimi 310-259-7556 Lyon Stahl Investment Real Estate