New Listing – 3-Unit Property for Sale in Lennox
Brett Lyon and Woody Stahl are pleased to present 4227 W 107th St, a 3-unit property for sale in Lennox!
This property, listed at $950,000, is operating at a 3.37% CAP and 18.60 GRM | 5.31% Market CAP & 13.55 Market GRM
This property contains 3-units (3 separate buildings including one detached garage) with a unit mix of one (1) 3-bed/2-bath and two (2) 2-bed/2-bath units. The buildings consist of 2,644 SF of living space and are situated on a large 9,475 SF lot. The 3-bed/2-bath unit has an attached 2-car garage and the two (2) 2- bed/2-bath units share a separate detached 2-car garage.
Currently operating at a 3.37% CAP and 18.60 GRM, this property has significant upside in market rent potential (5.31% CAP & 13.55 GRM). Located within close proximity to the new NFL stadium site, 105 & 405 FWYs, and many restaurants/retailers, this is a great value-add opportunity for any investor.
• 3-units (3 separate buildings including one detached garage) | Unit mix of one (1) 3-bed/2- bath and two (2) 2-bed/2-bath units
• Consists of 2,644 SF of living space | Situated on a large 9,475 SF lot
• 3-bed/2-bath unit has an attached 2-car garage and the two (2) 2-bed/2-bath units share a separate detached 2-car garage
• Operating at a 3.37% CAP and 18.60 GRM | 5.31% Market CAP & 13.55 Market GRM
• Close proximity to the new NFL stadium site, 105 & 405 FWYs, and many restaurants/retailers
Inglewood is a city in the South Bay region of Los Angeles that is bordered by Westchester/LAX, Hawthorne, and Ladera Heights. Spanning 8 square miles with
a population of 109,670, Inglewood has emerged as one of the hottest real estate markets in Southern California. Real estate values have increased 10.1%
over the past year and the median price of homes currently listed in Inglewood is $480,000.
The majority of residents are served by the Inglewood Unified School District. Wilder’s Preparatory Academy Charter School is the best public elementary school in the city, and high schools include Inglewood High, Morningside High, City Honors High, and Hillcrest High School. The private schools in the area include St. Mary’s Academy and St. John Chrysostom Elementary School.
Inglewood is also home to the illustrious Forum, which was designed by architect Charles Luckman, who also designed Madison Square Garden in New York. For decades, the Forum was one LA’s most prominent concert venues, hosting the likes of Elvis Presley, Led Zeppelin, and the Jackson 5. It was also home to the Los Angeles Lakers before the team moved to the Staples Center in 1999. The Forum is now the largest indoor performance venue in the country with a design focused on music and entertainment.
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