4928 Lennox, Inglewood, CA 90304
Local realty services provided by:Better Homes and Gardens Real Estate Champions
4928 Lennox,Inglewood, CA 90304
$1,100,000
- - Beds
- - Baths
- - sq. ft.
- Multi-family
- Coming Soon
Listed by: cameron samimi
Office: lyon stahl investment real estate, inc.310-425-9838
MLS#:SB26124346
Source:CRMLS
Price summary
- Price:$1,100,000
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....
Contact an agent
Home facts
- Year built:1941
- Listing ID #:SB26124346
- Added:1 day(s) ago
- Updated:June 09, 2026 at 11:36 AM
Structure and exterior
- Year built:1941
- Lot Features:Near Public Transit, Paved, Yard
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$1,100,000
Parking
- Total parking spaces:7
- Parking description:5 Carport Space(s), Assigned, Carport
- Carport spaces:5
New listings near 4928 Lennox
- Coming Soon
$1,500,000Coming Soon-- beds -- baths4932 Lennox, Inglewood, CA 90304
MLS# SB26124578Listed by: LYON STAHL INVESTMENT REAL ESTATE, INC. - Open Sat, 1 to 4pmNew
$1,049,999Active-- beds -- baths2,880 sq. ft.3944 W 111th, Inglewood, CA 90303
MLS# CV26124061Listed by: REAL BROKERAGE TECHNOLOGIES - New
$799,000Active3 beds 2 baths1,402 sq. ft.739 67th, Inglewood, CA 90302
MLS# SB26119378Listed by: JREALTY - New
$510,000Active2 beds 2 baths978 sq. ft.315 N Hillcrest Boulevard #19, Inglewood, CA 90301
MLS# 26844533Listed by: COMPASS - Coming Soon
$849,900Coming Soon4 beds 3 baths3869-3871 W 109th Street, Inglewood, CA 90303
MLS# MB26107826Listed by: COMPASS - New
$795,900Active3 beds 2 baths836 sq. ft.4921 W 104th St, Inglewood, CA 90304
MLS# DW26119051Listed by: DREAM LIFE LOANS & REAL ESTATE - New
$789,000Active3 beds 1 baths1,630 sq. ft.11028 Spinning, Inglewood, CA 90303
MLS# SB26123349Listed by: WEST SHORES REALTY, INC. - New
$1,199,000Active4 beds 4 baths1,911 sq. ft.885 Kincaid Avenue, Inglewood, CA 90302
MLS# 26843791Listed by: TRULINE REALTY - Open Sat, 11am to 2pmNew
$899,000Active3 beds 2 baths2,900 sq. ft.2401 W 102nd Street, Inglewood, CA 90303
MLS# SB26122272Listed by: REAL BROKER