3751 W 106th Street, Inglewood, California 90303, Inglewood, 90303 - bed, bath

3751 W 106th Street, Inglewood, California 90303 home-pic-0
ACTIVE$1,145,000
3751 W 106th Street, Inglewood, California 90303
0Bed
0Bath
1,876Sqft
7,986Lot
Year Built
1957
Close
-
List price
$1.15M
Original List price
$1.17M
Price/Sqft
$610
HOA
-
Days on market
-
Sold On
-
MLS number
SB25166123
Home ConditionFair
Features
Patio
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $1.15M(67th), sqft - 1876(50th), beds - undefined(50th), baths - undefined(50th).

Calling all investors! This is a unique investment opportunity in one of LA’s fastest-growing markets. Only minutes from SoFi Stadium, the Intuit Dome, and other major attractions, this triplex boasts a front house, two studio units, and two nonconforming units. The front house is 3 bedroom, 2 bathrooms with market rent at $3,800/month; each studio is 0 bed, 1 bathroom with market rent at $1,200month each; the non-permitted studio spaces are $750/month each. In total the property yields $7,700/month, not including the income from the nonconforming units. Additional potential lays ahead with ability to monetize parking during games and events locally. With a 7.5% cap rate, this is nearly unheard of in Southern California—especially in a location set to benefit from the 2028 Olympics. Whether you’re aiming for long-term tenants or exploring short-term rental options, the possibilities are endless.

Price History

Date
Event
Price
08/08/25
Price Change
$1,145,000
07/24/25
Listing
$1,165,000
Condition Rating
Fair

The property, built in 1957, is aged but appears maintained. While some areas feature updated flooring and recessed lighting, the kitchens and bathrooms are significantly outdated. The main kitchen has older wooden cabinets and tiled countertops, and the bathrooms feature dated tiles and fixtures. The basic setup of the studio kitchen also indicates a need for modernization. The property is functional but requires minor to moderate updates to bring its style and features to current standards, aligning with the 'Fair' condition criteria.
Pros & Cons

Pros

Strategic Location: The property's prime location, minutes from SoFi Stadium, Intuit Dome, and benefiting from the 2028 Olympics, ensures high demand and strong appreciation potential.
Exceptional Cap Rate: A reported 7.5% cap rate is highly attractive and rare for Southern California, indicating a strong return on investment.
Diverse Income Streams: As a triplex with a front house, two studio units, and two additional nonconforming units, it offers multiple rental income sources.
Significant Current Rental Income: The property currently yields $7,700/month from conforming units, providing substantial immediate cash flow.
Additional Monetization Opportunities: Beyond traditional rentals, there's potential to monetize parking during local events and explore short-term rental options.

Cons

Nonconforming Units: The presence of two non-permitted studio spaces poses legal and compliance risks, potentially leading to costly remediation or removal.
Property Age: Built in 1957, the property is older and may require significant capital expenditures for ongoing maintenance, repairs, and system upgrades.
Increased Management Complexity: Managing a multi-unit property, especially with nonconforming units and potential short-term rentals, can be more demanding and complex.

Best solution for experienced home buyers!

Data-driven home buying experience with our licensed real estate agents and cutting-edge AI

Browse Properties by State Browse housing market trends by state