Property listed by Pacific Properties Realty Group, Johan Cisneros 310-349-8777
$980,000
Income-producing opportunity in unincorporated Lennox/Inglewood 90304 zip code. Current Income (rooms only): $56,400/yr, Pro Forma Income (incl. front unit): $80,400/yr, and 17.37GRM (Pro Forma) = 12.18 GRM. Pro Forma NOI: $80,400 65% = $52,260, Cap Rate (Pro Forma): ~5.3%. This 2,104 sq.ft. SFR on a 6,043 sq.ft. R3-zoned… Read More lot has been configured with multiple rentable rooms to generate diversified monthly income. Per visual observation, the property includes 9 bedrooms (public records show 5 beds/4 baths). Several rooms are currently rented with monthly income of $680, $500, $650, $620, $700, $800, and $750. The front portion of the home features a 2-bedroom / 1-bath layout with kitchen and living room, offering additional rental potential with an estimated market rate of approx. $2,000/mo (buyer to verify). Recent upgrades include a 2022 permitted 646 sq.ft. addition, 200-amp electrical panel, tankless water heater, multiple rear storage structures, and a long driveway providing on-site parking. R3 zoning may allow for expansion or ADU development (buyer to confirm with county). Conveniently located near major employment hubs and transportation corridors. These figures reflect potential upside through full utilization of the front unit, optimizing room rents, and exploring lot/development potential. DO NOT DISTURB OCCUPANTS. Read Less
Listing Snapshot
Days Online
54
Last Updated
Property Type
SingleFamilyResidence
Beds
9
Full Baths
4
Square Ft.
2,104
Lot Size
0.14 Acres
Year Built
1941
MLS Number
25607427
Additional Details
Building
Built in 1941, Living area: 2104.0, Building faces North, 1 storey, Levels: One
Cooling
None
Fireplaces
None
Floors
Carpet
Heating
WallFurnace
Laundry
Outside
Lot
0.1387 acres, Dimensions: 41x154
Parking
1 total parking spaces, Carport, Driveway
Pool
None
Property
Other structures: Sheds
Taxes
Parcel Number: 4034024008, Zoning: LCR3PY
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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