4341 106th, Inglewood, CA 90304

Description

BIG opportunity in the Lennox/Inglewood 90304 area. This spacious property offers over 2,100 sq.ft. of living space on a 6,043 sq.ft. R3-zoned lot, featuring 9 bedrooms and 4 bathrooms (buyer to verify).Originally built as a 5-bedroom, 4-bathroom home per public records, the property includes a 646 sq.ft. addition completed in 2022 along with other upgrades. Per visual observation, the home is currently configured with multiple sleeping areas, offering a flexible layout that can function as one large residence or be utilized in a variety of ways. The front portion of the home includes a 2-bedroom, 1-bath layout with its own kitchen and living area, adding to the overall versatility. Additional features include an upgraded 200-amp electrical panel, tankless water heater, and multiple storage structures in the rear. A long driveway provides ample on-site parking. Conveniently located near major transportation routes, shopping, dining, and everyday amenities, offering access to many parts of Los Angeles and the South Bay.R3 zoning may provide future development potential, including expansion or ADU possibilities (buyer to verify with appropriate agencies).Investment Highlights (Buyer to Verify): Current Income (rooms only): $56,400/year Pro Forma Income (including front unit): $80,400/year GRM (Current): 17.37 | GRM (Pro Forma): 12.18Estimated Pro Forma NOI (65%): $52,260Estimated Cap Rate (Pro Forma): ~5.3%.

Features

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• 0.14 Acres
• 1 Story