4852 W 111th Place, Lennox, CA 90304
5
beds 3
baths 2344
ft2 · 8350
ft2 lot$915,000
$390 / ft2
Listing provided courtesy of Lisa Oliveras, RE/MAX Estate Properties.
Source CRMLS.
***Charming 3 units in Lennox*** Wonderful visibility of all the units, lots of rent increase potential! The FIRST unit is 2 bedrooms and 1 bath and a two-car garage. The garage has been used as a 3 bedroom. The SECOND unit is 2 bedrooms and 1 bath spacious living room. The THIRD unit is a separate house with 1 bedroom and 1 bath. The third unit feels like its own separate home. The property has a 2 car garage and 1 carport, and a long driveway can park a total of six vehicles: newer exterior paint and a new roof. The units include; tile flooring in the kitchen and bathroom. Each unit is open and spacious inside—a big lot size of 8,363 (Please do not disturb tenants). Just up the street from Lennox middle school, near freeways, the new SOFI Stadium, LAX airport, and shopping centers. This 3 unit home can be used to live in one and rent out the other two to help with the mortgage. The 1st garage can be converted to an ADU, and the back unit can be divided into 2 new ADU'S.
HOA
$0/month
On market
1 month
Year built
1962
Property type
Multi-Family
Parking
3
MLS
PV20216724
Price / Sq.Ft.
$390 / ft2
Status
Active
Price analysis
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Property Details
Interior Features & Layout
Appliances
•
Laundry Details: Gas Dryer Hookup, In Kitchen, Inside, Washer Hookup
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Appliances: Disposal
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Has Appliances
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Security Features: Carbon Monoxide Detector(s), Smoke Detector(s), Window Bars
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Laundry: 1
Interior Features
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Electric Details: Standard
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Interior Features: Ceiling Fan(s)
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Window Features: Screens
Rooms Info
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Average3 Bed Area Units: Square Feet
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Average Studio Area Units: Square Feet
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Average2 Bed Area Units: Square Feet
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Average1 Bed Area Units: Square Feet
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Room Information: All Bedrooms Down, Great Room, Kitchen, Living Room
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Average3 Bed Area: 1
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Average2 Bed Area: 1
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Average1 Bed Area: 1
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Entry Level: 1
Heating & Cooling
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Has Heating
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Heating Details: Wall Furnace, Natural Gas
Flooring
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Flooring: Carpet, Tile
Interior Size
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Building Area Total: 2344.00
Property, Lot, Community & Exterior Features
Building Info
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Entry Location: Front Entry
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Building Area Units: Square Feet
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Zoning: LCR2YY
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Roof: Composition, Shingle
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Foundation Details: Raised
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Stories Total: 1
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Num Stories: One
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Year Built Source: Assessor
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Construction Materials: Stucco
Parking Info
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Parking Available: 1
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Parking Features: Carport, Driveway, Garage, Garage - Two Door
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Garage Spaces: 2.00
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Carport Spaces: 1.00
Lot Info
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Lot Features: 0-1 Unit/Acre, Front Yard, Lawn, Level with Street
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Lot Size Source: Assessor
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Elevation Units: Feet
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Lot Size Acres: 0.1917
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Lot Size Area: 8350.0000
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Lot Size Units: Square Feet
Community Info
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Number Of Buildings: 2
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Total Units: 3
Property Features
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Fencing: Wrought Iron
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Accessibility: Parking
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Common Walls: 1 Common Wall
Property Type
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Architectural Style: Bungalow
Utilities & Other Information
Utilities
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Number Of Separate Electric Meters: 3
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Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
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Number Of Separate Gas Meters: 3
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Number Of Separate Water Meters: 1
Water & Sewer Info
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Water Source: Public
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Sewer: Public Sewer
Assesments Information
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Assessments: Unknown
Listing Details, Costs & Financing Information
Financial Info
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Operating Expense Percent: 28.00
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Garage Income: 0.00
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Gross Operating Income: 51780.00
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Garage Rental Rate: 0.00
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Water Sewer Expense: 1800.00
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Supplies Expense: 0.00
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Workmans Compensation Expense: 0.00
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Laundry Income: 0.00
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Gross Spendable Income: 0.00
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Vacancy Allowance Rate: 0.00
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Licenses Expense: 0.00
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Maintenance Expense: 0.00
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Pest Control Expense: 0.00
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Cap Rate: 4.00
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Total Actual Rent: 4315.00
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Fuel Expense: 480.00
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Trash Expense: 0.00
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New Taxes Expense: 9000.00
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Insurance Expense: 1700.00
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Professional Management Expense: 0.00
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Pool Expense: 0.00
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Total Expenses: 14540.00
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Gross Scheduled Income: 51780.00
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Other Income1: 0.00
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Other Income2: 0.00
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Operating Expense: 14540.00
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Gardener Expense: 960.00
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Gross Multiplier: 17.67
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Furniture Replacement Expense: 0.00
Tax/Assessment Info
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Gross Income: 51780.00
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Tax Year: 2019
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Taxes: 5319.0
Terms
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Exclusions: Refrigerator, Washer, Dryer, and stove
Lease Info
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Net Operating Income: 37240.00
Listing Info
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Status: Active
Other
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Electric Expense: 600.00
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Cable Tv Expense: 0.00
Multi Unit Information
Unit 3 Information
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Unit 3 Bedrooms: 1
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Unit 3 Actual Rent: 990.00
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Unit 3 Total Units: 1
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Unit 3 Furnished Units: Unfurnished
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Unit 3 Garage Spaces: 1.00
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Unit 3 Bathrooms: 1
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Unit 3 Total Rent: 900.00
Unit 2 Information
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Unit 2 Actual Rent: 1325.00
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Unit 2 Bedrooms: 2
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Unit 2 Total Units: 1
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Unit 2 Furnished Units: Unfurnished
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Unit 2 Bathrooms: 1
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Unit 2 Garage Spaces: 1.00
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Unit 2 Total Rent: 1325.00
Multi Unit Information
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Number Wall Ac: 1
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# Of Units: 3
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Number Of Units Leased: 2
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Number With Disposal: 3
Unit 1 Information
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Unit 1 Bedrooms: 2
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Unit 1 Total Units: 1
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Has Attached Garage
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Unit 1 Furnished Units: Unfurnished
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Unit 1 Garage Spaces: 1.00
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Unit 1 Bathrooms: 1
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Unit 1 Actual Rent: 2000.00
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Unit 1 Total Rent: 2000.00
School Neighborhood & Directions
Location
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Community Features: Sidewalks
School Info
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Directions: West of Inglewood Ave. / North of Imperial / South of Lennox Blvd
Virtual Tour Link
Other
Calculation
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Dom: 119
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Cdom: 119
The information contained in this listing has not been verified by Flyhomes and should be verified by the buyer.
Data last updated: Apr 16, 2021 6:39am
Neighborhood snapshot
22
Properties for sale
13
Median days on market
$444.23
Median sold price/sqft
101.18%
Sold/List %
walk score® :
transit score® :
bike score® :
Property History
01/27/2021
01/27/2021
CRMLS #PV20216724
active
CRMLS #PV20216724
$915,000
--3.67%
11/18/2020
11/18/2020
CRMLS #PV20216724
active
CRMLS #PV20216724
$949,900
--0.95%
11/09/2020
11/09/2020
CRMLS #PV20216724
active
CRMLS #PV20216724
$959,000
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California DRE #02012110
1 Homes are subject to our approval and must be listed within an MLS in the areas that Flyhomes operates. Homes are subject to inspections and other limitations.
California DRE #02012110
1 Homes are subject to our approval and must be listed within an MLS in the areas that Flyhomes operates. Homes are subject to inspections and other limitations.
