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Listed by Michael Millea • Lyon Stahl Investment Real Estate, Inc.
$ 1,099,500
Est. payment | /mo
4,195 SqFt
$ 1,099,500
Est. payment | /mo
4,195 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Pending
Purchase Type For Sale
Square Footage 4,195 sqft
Price per Sqft $262
MLS Listing ID CRSB25158792
HOA Y/N No
Year Built 1957
Lot Size 0.293 Acres
Property Sub-Type Other
Source Datashare California Regional
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
Interior
Fireplace No
Laundry No Hookups
Building
Lot Description Level, Other, Back Yard, Front Yard
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Adam Shoop
Broker Associate at LPT Realty | Lic# 1782227