$1,300,000
$1,400,000
7.1%For more information regarding the value of a property, please contact us for a free consultation.
4,897 SqFt
SOLD DATE : 11/10/2021
Key Details
Sold Price $1,300,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 4,897 sqft
Price per Sqft $265
MLS Listing ID 21784382
Sold Date 11/10/21
HOA Y/N No
Year Built 1962
Lot Size 7,095 Sqft
Acres 0.1629
Property Description
We are pleased to present 4740 Lennox Boulevard, a 6-unit investment property in Inglewood, California. The property is located between Inglewood and Delrose Avenues just blocks from the 405/105 Interchange. This area is a solid majority-renter market with low vacancy rates. 4740 Lennox Boulevard consists of four 2 bedroom 1 bathroom units and two 1 bedroom 1 bathroom units. All of the units are separately metered for gas and electricity. The property also offers six covered parking spaces in addition to surface parking. This offering presents a great opportunity for an investor to acquire an asset with steady cash flow in a strong rental market and capture potential upside in rents. PROPERTY HIGHLIGHTS-Over 48% Increase in NOI, Majority 2 Bedroom Units, Low Price Per Unit, Central Location
Location
State CA
County Los Angeles
Area 105 - Lennox
Zoning LCR3YY
Interior
Heating WallFurnace
Cooling CentralAir
Fireplace No
Exterior
Garage Carport
Parking Type Carport
Total Parking Spaces 6
Building
Story 2
New Construction No
Others
Senior Community No
Tax ID 4037001002
Special Listing Condition Standard
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Bought with Jonathan Weir • Marcus & Millichap