Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
1957
Sq.Footage
N/A
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
Features & Amenities
Interior
-
Total Bedrooms
N/A
-
Bathrooms
N/A
Exterior
-
Garage
Yes
-
Garage spaces
6
-
Pool
Yes
-
Pool Features
None
Area & Lot
-
Lot Features
Back Yard, Front Yard, Level, Rectangular Lot
-
Lot Size(acres)
0.2932
-
Property Type
Residential Income
-
Property Sub Type
Apartment
Price
-
Sales Price
$1,099,500
-
Sq. Footage
N/A
-
Price/SqFt
N/A
HOA
-
Association
NO
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
Stories
1
-
Senior Community YN
NO
-
Sewer
Public Sewer
-
Tax Lot
475
-
Water Source
Public
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Location
County
Los Angeles
Elementary School
Middle School
High School
Listing Courtesy of Michael Millea , Lyon Stahl Investment Real Estate, Inc.
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