4012 W 104th St, Inglewood, CA 90304

4012 W 104th St, Inglewood, CA 90304

Inglewood, CA

Property Description

We are pleased to present an opportunity to acquire a 3-Unit property that is situated on a 6,154 square foot lot located in the city of Inglewood. The subject property is located at 4012 W. 104th St in Inglewood, CA. The subject property is composed 2 Buildings. At the front of the property is a single story duplex with (2) 2 bedroom and 1 bath units. At the rear of the property there is (1) 2 bedroom and 1 bath unit, situated over the 3 single car garages. There is also an unused room connected to the garages that may be converted into an ADU (Buyer to verify). Each 2 bedroom unit is approximately 720 square feet. Each unit is separately metered for gas and electricity. The plumbing has been updated to partial copper piping. Newer noise reduction triple pane windows throughout, and all new HVAC systems per unit. Two units are assigned two parking spaces each, one of which is a garage spot. The 3rd Unit uses the car port in back of their unit. The current Zoning is LCR3PY. This property has not had any issues related to COVID or non-paying tenants. There is no current evictions and all are long term tenants. The City of Inglewood is a preferred City for Investment, located close to LAX Airport and with ongoing construction of Hollywood Park, an entertainment complex and master planned neighborhood. Hollywood Park includes state of the art billion-dollar Sofi Stadium, which hosted Super Bowl LVI (February 2022), and is scheduled to host the College Football Playoff National Championship in January 2023, WrestleMania 39 in April 2023, and the opening and closing ceremonies (as well as soccer and archery events) of the 2028 Summer Olympics. Clippers Arena under construction is located just south of Sofi. Other upcoming developments in the area are LA Phil Yola Center, NFL Media Center, Arya Hotel + numerous residential developments. Don t miss this Great Opportunity to invest in this Prime Upcoming Area!

Property Features

  • Sale Price: $1,000,000
  • Area Size: 2,260 SF
  • Year Built: 1956
  • Listing Date: April 1, 2022
  • Units: 3
  • Current GRM: 19.58
  • Current Cap Rate: 2.82%
  • Market GRM: 13.89
  • Market Cap Rate: 4.85%

Lyon Stahl Investment Real Estate

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