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Listed by Woody Stahl • Lyon Stahl Investment Real Est
$ 1,200,000
Est. payment | /mo
2,964 SqFt
$ 1,200,000
Est. payment | /mo
2,964 SqFt
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,964 sqft
Price per Sqft $404
MLS Listing ID CRPW25192533
HOA Y/N No
Year Built 1953
Lot Size 0.300 Acres
Property Sub-Type Quadruplex
Source Datashare California Regional
Property Description
-4 Unit Apartment Building in Lennox | 2,964 RSF on a 13,086 SF Lot -Strong Unit Mix: (4) 2-Bed/1-Bath -3.70% CAP Rate | $300,000/Unit | $404.86/SF | 14.97 GRM -Opportunity for ADU (Buyer to Verify) | Potential SB9 Lot Split/Additional Units (Buyer to Verify) -50% Rental Upside | Market Cap Rate of 6.85% -Only 2 Miles From the Intuit Dome and SoFi Stadium -(4) Private One-Car Garages | (1) Currently Vacancy Unit This 4-unit apartment building presents an excellent investment opportunity in Lennox, a market positioned for continued growth and strong tenant demand. Situated on a large 13,086 SF lot, the property features 2,964 rentable square feet and a favorable unit mix consisting of (4) 2-Bed/1-Bath units, providing well-balanced layouts that appeal to a wide range of renters. Priced at $300,000 per unit and $404.86 per square foot, the asset offers an attractive entry CAP rate of 3.70% with significant room for growth, as investors can target approximately 50% rental upside and a projected market CAP rate of 6.85%. Beyond strong in-place fundamentals, the property presents multiple avenues for value creation, including the potential to add an ADU (buyer to verify) and further expansion possibilities under California’s new SB9 legislation, which may allow for a lot split or ad
Location
State CA
County Los Angeles
Interior
Fireplace No
Laundry Common Area
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Adam Shoop
Broker Associate at LPT Realty | Lic# 1782227