4341 W 106th Street, Inglewood, California 90304, Inglewood, 90304 - 5 bed, 4 bath
Loading property details...
Inglewood, California 90304
This High-Yield Income Asset is listed at $899,000, representing a specialized investment opportunity in the Lennox area. Although the list price sits above the $768,101 Fair Market Value, the property’s 5.3% Pro Forma Cap Rate and R3 Development Zoning provide substantial long-term ROI potential. Currently configured with 9 bedrooms, the home maintains a Condition Rating of 4, featuring a 200-amp electrical panel and tankless water heater. Given the proximity to local schools like Dolores Huerta Elementary, this Value-Add Acquisition is ideal for Buy-and-Hold Investors or Developers.
Property is moderate renovation needed.
The property, originally built in 1941, presents a mix of recent 2022 infrastructure upgrades—including a 646 sq.ft. addition, a 200-amp electrical panel, and a tankless water heater—and significant cosmetic wear. While some bathrooms feature modern tiling, the kitchen appears unfinished with missing cabinet doors and a cluttered layout. The conversion into a 9-bedroom configuration has resulted in heavy wear on the flooring and walls, and the overall interior quality requires minor to moderate updates to meet modern move-in ready standards.
With a pro-forma annual income of $80,400 and a flexible 9-bedroom configuration, this property offers a strong estimated cap rate of 5.3%, making it an attractive asset for yield-focused investors.
The R3-zoned lot provides significant future value through potential multi-unit development, expansion, or the addition of ADUs, allowing for maximum utilization of the 6,043 sq.ft. parcel.
The property features a 2022 addition, an upgraded 200-amp electrical panel, and a tankless water heater, providing essential modern improvements that enhance utility and reduce immediate maintenance needs.
A significant gap exists between the 5-bedroom public record and the current 9-bedroom configuration, which may pose challenges for traditional financing, appraisals, and permit verification.
The assigned high school carries a low rating of 2, which may deter owner-occupant families and potentially limit the property's long-term appreciation compared to areas with higher-performing schools.
BIG opportunity in the Lennox/Inglewood 90304 area. This spacious property offers over 2,100 sq.ft. of living space on a 6,043 sq.ft. R3-zoned lot, featuring 9 bedrooms and 4 bathrooms (buyer to verify).Originally built as a 5-bedroom, 4-bathroom home per public records, the property includes a 646 sq.ft. addition completed in 2022 along with other upgrades. Per visual observation, the home is currently configured with multiple sleeping areas, offering a flexible layout that can function as one large residence or be utilized in a variety of ways. The front portion of the home includes a 2-bedroom, 1-bath layout with its own kitchen and living area, adding to the overall versatility. Additional features include an upgraded 200-amp electrical panel, tankless water heater, and multiple storage structures in the rear. A long driveway provides ample on-site parking. Conveniently located near major transportation routes, shopping, dining, and everyday amenities, offering access to many parts of Los Angeles and the South Bay.R3 zoning may provide future development potential, including expansion or ADU possibilities (buyer to verify with appropriate agencies).
No exterior & parking available.
Grades K-5 • 0.1 mi
Grades K-5 • 0.4 mi
Grades K-5 • 0.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 3.0 | 83% |
| Baths | 4.0 | 2.0 | 83% |
| Square foot | 2,104 | 1,243 | 75% |
| Lot Size | 6,043 | 6,122.5 | 50% |
| Price | $899.0K | $852.5K | 58% |
| Price per sq ft | $427 | $605 | 17% |
| Built year | 1941 | 1943 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 188 | 219 | 42% |
Apr 4, 2026
$899,000
$960,000
-6% Price Drop
Initial Listing
Apr 3, 2026
$960,000
$980,000
-2% Price Drop
Initial Listing
Oct 16, 2025
$980,000
Initial Listing
Dec 2, 2003
$252,000
Public Record