4236 W 106th Street presents a rare opportunity to acquire a 6-unit property spread across three large duplexes on a massive 19,312 SF R-2 zoned lot in Lennox. This value-add asset offers an ideal unit mix of five 3-bedroom/2-bath units and one 2-bedroom/1-bath unit, appealing to families and long-term renters seeking space and functionality. Each unit includes its own washer and dryer hookups, as well as a 1-car garage and two additional parking spaces, offering a high level of tenant convenience. Recent improvements include newer roofs and fascia boards, and the property has undergone FAA Sound Insulation Program improvements.
The property currently operates at a 4.82% CAP rate and 11.52 GRM, with a low basis of $245.55 per square foot—offering strong in-place cash flow with significant upside potential. With approximately 29% rental upside, investors can target a market CAP rate of 7.19% and a market GRM of 8.95, making this an attractive long-term investment in one of LA’s most promising growth corridors.
Located just half a mile from the Intuit Dome and within close proximity to SoFi Stadium, the Kia Forum, and Hollywood Park Casino, the property benefits from immediate access to the entertainment and infrastructure boom reshaping the area. The property is actually situated in Lennox, an unincorporated community in Los Angeles County, placing it in the direct path of both regional redevelopment and increasing tenant demand. With its expansive lot size, desirable unit mix, significant rental upside, and strategic location, 4236 W 106th Street represents a standout opportunity in a rapidly evolving submarket.
The property currently operates at a 4.82% CAP rate and 11.52 GRM, with a low basis of $245.55 per square foot—offering strong in-place cash flow with significant upside potential. With approximately 29% rental upside, investors can target a market CAP rate of 7.19% and a market GRM of 8.95, making this an attractive long-term investment in one of LA’s most promising growth corridors.
Located just half a mile from the Intuit Dome and within close proximity to SoFi Stadium, the Kia Forum, and Hollywood Park Casino, the property benefits from immediate access to the entertainment and infrastructure boom reshaping the area. The property is actually situated in Lennox, an unincorporated community in Los Angeles County, placing it in the direct path of both regional redevelopment and increasing tenant demand. With its expansive lot size, desirable unit mix, significant rental upside, and strategic location, 4236 W 106th Street represents a standout opportunity in a rapidly evolving submarket.
Property Details
Price:
$1,750,000
MLS #:
PW25071715
Status:
Active
Baths:
0
Address:
4236 W 106th Street
Type:
Residential Income
Subtype:
Commercial/Residential
Neighborhood:
105lennox
City:
Inglewood
Listed Date:
Apr 2, 2025
State:
CA
ZIP:
90304
Lot Size:
19,312 sqft / 0.44 acres (approx)
Year Built:
1962
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Schools
Interior
Exterior
Community Features
Biking
Garage Spaces
6.00
Lot Features
6-10 Units/ Acre
Parking Spots
6.00
Pool Features
None
Sewer
Public Sewer
Stories Total
1
Water Source
Public
Financial
Map
Community
- Address4236 W 106th Street Inglewood CA
- Area105 – Lennox
- CityInglewood
- CountyLos Angeles
- Zip Code90304
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4236 W 106th Street
Inglewood, CA
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