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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John Herkenrath

John Herkenrath

+1(310) 221-2910
$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 Active

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

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CRMLS – RECore
Listed by Michael Millea Lyon Stahl Investment Real Estate, Inc. 310-233-2800
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"John takes great pride in helping his clients through every step of the buying and selling process. Leveraging two decades of experience in pre-construction, new home sales and market sales exclusive representation. his vast knowledge in brokering home sales within luxury communities and new developments has proven invaluable to his clients."

+1(310) 221-2910

johnherkenrath@epiquerealty.com

8383 Wilshire Blvd #800 Beverly Hills CA 90211

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