6-Unit Office
4500 Lennox, Inglewood, CA 90304
For Sale
$2,200,000
Five of the six units are occupied, and major freeways are accessible nearby.
Property Size5,513 SF
Price / SF$399.06
Days on Market259
Property Features for 4500 Lennox
General Information
Standard status
Size
Property subtype
Additional Details
Gross Income
Highway Access
Office Units
Tenant in Place
Property Use
Building Details
Building Size
Year Built
Tenancy
Listing Agency:
Sync Brokerage Inc.
(818) 335-3166
Listed By:
Maria Valencia · License CA #01272850
(818) 770-3660
Source:
Davidsongroupre
Added: Feb 24
Changed: Nov 9
Last Checked: Nov 8 at 7:46PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Sync Brokerage Inc.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This office property contains six units across 5,513 square feet. Five units are occupied. Built in 1924, the building is located on Lennox Boulevard in Inglewood.
The property is near Los Angeles International Airport and has access to major freeways.
The property is near Los Angeles International Airport and has access to major freeways.
Key Highlights
- Six‑unit office property with 5,513 square feet
- Five of six units are occupied
- Built in 1924
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$118,088
Cap Rate
5.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,361,760
$2.4M
Cap Rate 7%
$1,686,971
$1.7M
Cap Rate 9%
$1,312,089
$1.3M
Market Conditions
NOI Build-Up for 5,513 SF
Gross rent
$185.2K $33.60/SF
− Vacancy
−$27.8K −$5.04/SF
EGI
$157.5K $28.56/SF
− OpEx
−$39.4K −$7.14/SF
NOI
$118.1K $21.42/SF
Area
Inglewood, CA
Vacancy
15.00%
Lease Rate
$33.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,361,760
Cap Rate 7%
$1,686,971
Cap Rate 9%
$1,312,089
Alternative Uses
Best Use
Office B
$1.69M
$1.48M – $1.97M
NOI $118,088 @ 7.0% cap · market cap 5.37%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.25M
$1.97M – $2.62M
NOI $157,451 @ 7.0% cap · market cap 7.16%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
6
Office units
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,353
Businesses Nearby
Explore this area
Business Placement
Demographics for 90304, CA
26,058
Population
7,673
Households
3.4
Avg Household Size
33
Median Age
14%
College-Educated
56%
High-School Grad
1.6 sq mi
ZIP Area
16,286
Density / Sq Mi
$63,317
Median Household Income
$31,385
Median Earnings
$1,499
Median Rent
$696,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Office buildings in Los Angeles County, CA
Properties on Market for Office buildings in Los Angeles County
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office building - Five of the six units are occupied, and major freeways are accessible nearby.
Where is this office building located?
The property is located at 4500 Lennox Inglewood, CA.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: Six‑unit office property with 5,513 square feet; Five of six units are occupied; Built in 1924
