4928 Lennox, Inglewood, CA 90304
Local realty services provided by:Better Homes and Gardens Real Estate Haven Properties
4928 Lennox,Inglewood, CA 90304
$1,100,000
- - Beds
- - Baths
- 4,344 sq. ft.
- Multi-family
- Pending
Listed by: cameron samimi
Office: lyon stahl investment real estate, inc.310-425-9838
MLS#:SB26124346
Source:CRMLS
Price summary
- Price:$1,100,000
- Price per sq. ft.:$253.22
About this home
4928 Lennox Blvd presents a unique opportunity to acquire a well-located apartment property in the heart of Inglewood, one of Southern California’s fastest-growing rental markets. Situated on a 7,512 SF LCR3YY-zoned lot, the property consists of (1) 3+1 unit, (3) 2+1 units, and (1) non-conforming studio unit, offering investors a compelling combination of current income, rental upside, and future development potential.
A key investment advantage is that the property is currently recognized as a 4-unit property with a non-conforming fifth unit, potentially allowing qualified buyers access to residential financing options that are often unavailable on traditional 5+ unit multifamily properties. This structure may provide more favorable financing terms, lower down payment requirements, and greater buyer accessibility. Buyers should independently verify financing eligibility with their lender.
In addition to its attractive financing profile, the property offers a significant ADU value-add opportunity. The existing carport area may provide the ability to develop up to four new ADUs, creating a rare opportunity to substantially increase rental income and long-term property value. Combined with the property’s existing rental upside, the ADU potential creates multiple paths to enhance returns. Buyer to independently verify all ADU potential, development feasibility, zoning requirements, parking requirements, and unit count with the City of Inglewood.
Current ownership has maintained rents substantially below market levels, creating an opportunity for a new investor to increase income through unit turnover and strategic rent repositioning. Based on market rents outlined in the offering, the property offers over $69,000 in projected annual rental upside, providing a clear path toward increased cash flow even before pursuing any future development....
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Home facts
- Year built:1941
- Listing ID #:SB26124346
- Added:102 day(s) ago
- Updated:September 19, 2026 at 08:31 AM
Rooms and interior
- Living area:4,344 sq. ft.
Structure and exterior
- Year built:1941
- Building area:4,344 sq. ft.
- Lot area:0.17 Acres
- Lot Features:Near Public Transit, Paved, Yard
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$1,100,000
- Price per sq. ft.:$253.22
Parking
- Total parking spaces:7
- Parking description:5 Carport Space(s), Assigned, Carport
- Carport spaces:5
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