Multifamily Income
For Sale
$1,500,000
Pending
4932 Lennox, Inglewood, CA 90304
Eight-unit residential income property on an LCR3YY-zoned lot, with a mix of 2+1 and 1+1 units.
Property Size6,836 SF
Days on Market136
Property Features for 4932 Lennox
General Information
Standard status
Pending
Size
6,836 SF
Property subtype
Apartment
Building Details
Building Size
6,836 SF
Year Built
1961
Listing Agency:
Lyon Stahl Investment Real Estate, Inc.
Listed By:
Cameron Samimi · License #02035763
(310) 259-7556
Source:
Archetyperealty
Added: Jun 10
Changed: Oct 20
Last Checked: Oct 21 at 2:49AM
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 Lyon Stahl Investment Real Estate, Inc.
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Investment Insights
Based on property information with market context.
4932 Lennox Blvd is an 8-unit residential income property located on an 8,262 SF LCR3YY-zoned lot. The building includes seven 2+1 units and one 1+1 unit.
The property is presented as a value-add opportunity in Inglewood, with access to major employment and entertainment demand. The listing notes the asset is just minutes from SoFi Stadium, Intuit Dome, Hollywood Park, YouTube Theater, and LAX.
According to the remarks, current rents are below market and there is projected annual rental upside of more than $87,000. The existing layout is described as potentially supporting up to four ADUs, subject to City of Inglewood verification. Buyer to verify all development potential with the City of Inglewood.
The property is presented as a value-add opportunity in Inglewood, with access to major employment and entertainment demand. The listing notes the asset is just minutes from SoFi Stadium, Intuit Dome, Hollywood Park, YouTube Theater, and LAX.
According to the remarks, current rents are below market and there is projected annual rental upside of more than $87,000. The existing layout is described as potentially supporting up to four ADUs, subject to City of Inglewood verification. Buyer to verify all development potential with the City of Inglewood.
Key Highlights
- Eight‑unit multifamily on an 8,262 SF LCR3YY‑zoned lot
- Unit mix: (7) 2+1 units and (1) 1+1 unit
- Projected annual rental upside of over $87,000 from rents below market
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$84,675
Cap Rate
5.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,693,500
$1.7M
Cap Rate 7%
$1,209,643
$1.2M
Cap Rate 9%
$940,833
$940.8K
Market Conditions
NOI Build-Up for 6,836 SF
Gross rent
$155.0K $22.68/SF
− Vacancy
−$1.1K −$0.16/SF
EGI
$154.0K $22.52/SF
− OpEx
−$69.3K −$10.13/SF
NOI
$84.7K $12.39/SF
Area
Inglewood, CA
Vacancy
0.70%
Lease Rate
$22.68 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,693,500
Cap Rate 7%
$1,209,643
Cap Rate 9%
$940,833
Alternative Uses
Best Use
Apartment 5plus
$1.21M
$1.06M – $1.41M
NOI $84,675 @ 7.0% cap · market cap 5.65%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.79M
$2.44M – $3.25M
NOI $195,236 @ 7.0% cap · market cap 13.02%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Location Intelligence
Trade Area within ½ mile
1,382
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Eight-unit residential income property on an LCR3YY-zoned lot, with a mix of 2+1 and 1+1 units.
Where is this apartment building located?
The property is located at 4932 Lennox Inglewood, CA.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Eight‑unit multifamily on an 8,262 SF LCR3YY‑zoned lot; Unit mix: (7) 2+1 units and (1) 1+1 unit; Projected annual rental upside of over $87,000 from rents below market
