Active

4928 Lennox

Inglewood, CA 90304

$1,100,000 $4,637/Mo

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Overview

Bed

Bath

4,344

Sqft

7,514

Sqft(Lot)

Description

4928 Lennox Blvd presents a unique opportunity to acquire a well-located apartment property in the heart of Inglewood, one of Southern California’s 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 property’s 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 through unit turnover and strategic rent repositioning. Based on market rents outlined in the offering, the property offers over $69,000 in projected annual rental upside, providing a clear path toward increased cash flow even before pursuing any future development.

Property Details

Property Type : Residential Income

Price : $1,100,000

AD Id : 81922902

MLS Id : SB26124346

Lot Size : 7,514 Sqft

Living Area Size : 4,344

Year Built : 1941

County : Los Angeles

Map

What's Nearby

Nearby Areas

Features

Water/Sewer

Water Source: Public Sewer: Public Sewer

Building Information

Year Built: 1941 Building Area Total: 4,344
Pool Features

None

Laundry Features

None

Lot Details

Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.1725
Lot Size Source: Assessor Lot Size Square Feet: 7514

Listing Price Information

Original List Price: 1,100,000 Listing Contract Date: 2026-06-01
Lease Information

Listing Agreement: Exclusive Right To Sell

Tax Information

Parcel Number: 4039024006

Garage and Parking

Garage Description: Assigned,Carport

Homeowners Association
Rental Info

Lease Term: Negotiable Tenant Pays: Electricity,Gas

Other Property Info

Source Listing Status: Active Source Neighborhood: 105 - Lennox Directions: From the I-105 Freeway, exit at Hawthorne Blvd/Prairie Ave, head north on Hawthorne Blvd, then turn left onto Lennox Blvd. The property is located at 4928 Lennox Blvd, Inglewood, CA 90304. Source Property Type: Residential Income Area: 105 - Lennox Property SubType: Apartment
Building and Construction

Property Age: 85 Common Walls: 2+ Common Walls Structure Type: Apartment Year Built Source: Public Records Entry Level: 1 Entry Location: Front Property Attached: Yes

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
4302 W 106th, Inglewood, CA, 90304	$1,025,000	3	3	1,504	1,504 SqFt
4322 W 106th, Inglewood, CA, 90304	$2,900,000	--	--	6,698	6,698 SqFt
11319 Larch Avenue, Inglewood, CA, 90304	$1,300,000	2	1	1,336	1,336 SqFt
10829 Firmona Avenue, Inglewood, CA, 90304	$916,500	3	2	1,860	1,860 SqFt
10333 Inglewood Avenue, Inglewood, CA, 90304	$1,650,000	4	4	3,248	3,248 SqFt
10925 Dalerose, Inglewood, CA, 90304	$899,999	5	2	1,729	1,729 SqFt
10613 S Inglewood Avenue, Inglewood, CA, 90304	$1,650,000	11	--	5,528	5,528 SqFt
10923 S Inglewood Avenue, Inglewood, CA, 90304	$825,000	4	--	2,512	2,512 SqFt
4921 W 104th St, Inglewood, CA, 90304	$795,900	3	2	836	836 SqFt
5018 W 111th Pl, Inglewood, CA, 90304	$699,999	4	3	1,683	1,683 SqFt

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ByOwner last updated this listing 06/11/2026 @ 04:26

MLS: SB26124346 LISTED BY: Cameron Samimi, Lyon Stahl Investment Real Estate, Inc. 310-425-9838 SOURCE: CRMLS