CA > Inglewood
Inglewood, CA 90304,4256 W 106th ST
Inglewood, CA 90304,4256 W 106th ST
Inglewood, CA 90304,4256 W 106th ST
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The Warburton Team Brokered By EXp

The Warburton Team Brokered By EXp

+1(626) 630-2141
$1,099,500
Est. payment /mo
0.29 Acres Lot
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UPDATED:

Key Details

Property Type Apartment

Sub Type Apartment

Listing Status Pending

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

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

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

Read Less Info
CRMLS – RECore
Listed by Michael Millea Lyon Stahl Investment Real Estate, Inc. 310-233-2800

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