$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 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. 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.
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Listed by Johan Cisneros with Pacific Properties Realty Group (310) 349-8777
Property Type
Single Family Residence
Status
Active
MLS Number
25607427
Year Built
1941
Lot Size
6,042 sq ft