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33471796
33471797

4928 Lennox, Inglewood, CA 90304

Lyon Stahl Investment Real Estate, Inc.
Listed by Lyon Stahl Investment Real Estate, Inc.
$1,100,000
38 days on market
Updated 29 days ago

4928 Lennox

Details
APN 4039024006
Property Type Multifamily
Sub Type Apartment Building
Units 4
Cap Rate 4.16%
Buildings 1
Acreage 0.173
Zoning Public Rec

Multifamily | 4.16% CAP | 4 Units

Marketing description

4928 Lennox Blvd presents a unique opportunity to acquire a well-located apartment property in the heart of Inglewood, one of Southern Californias fastest-growing rental markets. Situated on a 7,512 SF LCR3YY-zoned lot, the property consists of (1) 3+1 unit, (3) 2+1 units, and (1) non-conforming studio unit, offering investors a compelling combination of current income, rental upside, and future development potential. A key investment advantage is that the property is currently recognized as a 4-unit property with a non-conforming fifth unit, potentially allowing qualified buyers access to residential financing options that are often unavailable on traditional 5+ unit multifamily properties. This structure may provide more favorable financing terms, lower down payment requirements, and greater buyer accessibility. Buyers should independently verify financing eligibility with their lender. In addition to its attractive financing profile, the property offers a significant ADU value-add opportunity. The existing carport area may provide the ability to develop up to four new ADUs, creating a rare opportunity to substantially increase rental income and long-term property value. Combined with the propertys existing rental upside, the ADU potential creates multiple paths to enhance returns. Buyer to independently verify all ADU potential, development feasibility, zoning requirements, parking requirements, and unit count with the City of Inglewood. Current ownership has maintained rents substantially below market levels, creating an opportunity for a new investor to increase income
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Listing Contacts

Lyon Stahl Investment Real Estate, Inc.
Listed by Lyon Stahl Investment Real Estate, Inc.

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Zoning

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R-3 ResidentialMulti FamilyLimited Density Multiple Residence
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Last updated May 25, 2026 For deeper zoning details, reports are available at Zoneomics

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