4322 W 106th, Inglewood, California 90304, Inglewood, 90304 - bed, bath

4322 W 106th, Inglewood, California 90304 home-pic-0
ACTIVE$3,000,000
4322 W 106th, Inglewood, California 90304
0Bed
0Bath
6,698Sqft
52,344Lot
Year Built
1909
Close
-
List price
$3M
Original List price
$3M
Price/Sqft
$448
HOA
-
Days on market
-
Sold On
-
MLS number
OC25268240
Home ConditionFair
Features
Patio
View-

About this home

We found 4 Cons,5 Pros. Rank: price - $3.00M(67th), sqft - 6698(50th), beds - undefined(50th), baths - undefined(50th).

The Parham Group at Marcus & Millichap is pleased to present an eight unit multifamily assemblage on over 52,000 SF of land in unincorporated Inglewood with a large portion leased to County of Los Angeles Sheriff’s Department, providing both stability and institutional credit strength. The property presents a rare opportunity to acquire a fully income producing asset with at a competitive going in return with significant upside in rents. The residential component features a diverse mix of three bedroom and one bedroom units, many recently improved, delivering steady in place income with meaningful rental upside as rents are all below market. The parking area leased to the County adds durable, non residential cash flow backed by a government entity, contributing roughly $6,200 per month in additional income. Positioned within minutes of SoFi Stadium, the Intuit Dome, and Hollywood Park, the asset is poised to benefit from the continued revitalization of Inglewood’s entertainment corridor. Combining stable current returns with long term redevelopment potential, this property offers investors an attractive blend of immediate yield, County-backed income, and irreplaceable land value in one of Los Angeles County’s most dynamic submarkets.

Nearby schools

6/10
Dolores Huerta Elementary School
Public,K-50.1mi
6/10
Moffett Elementary School
Public,K-50.3mi
6/10
Jefferson Elementary School
Public,K-50.5mi
6/10
Buford Elementary School
Public,K-50.8mi
5/10
Felton Elementary School
Public,K-50.9mi
4/10
Worthington Elementary School
Public,K-51.0mi
5/10
Bennett/Kew Elementary School
Public,K-51.3mi
3/10
Clyde Woodworth Elementary School
Public,K-51.4mi
5/10
Lennox Middle School
Public,6-80.8mi
/10
Monroe (Albert F.) Middle School
Public,6-81.4mi
2/10
Morningside High School
Public,9-120.9mi
4/10
Hawthorne High School
Public,9-121.7mi
5/10
Leuzinger High School
Public,9-122.6mi
4/10
Lawndale High School
Public,9-123.0mi

Price History

Date
Event
Price
12/01/25
Listing
$3,000,000
Condition Rating
Fair

Built in 1909, this property is very old. While the description mentions 'many recently improved' units, the lack of interior images prevents a detailed assessment of kitchens, bathrooms, and other key features. The property analysis also highlights the age as a weakness, implying potential deferred maintenance and outdated systems. The 'below market rents' further suggest that while some updates may have occurred, the units are likely not fully modernized to current standards. The aerial images show older buildings, consistent with the build year. Therefore, the property is likely aged but maintained with occasional updates, fitting the 'Fair' category.
Pros & Cons

Pros

Stable Income & Credit Tenant: A significant portion of the property is leased to the County of Los Angeles Sheriff’s Department, providing stable, government-backed income and institutional credit strength.
Significant Rental Upside: The residential units currently have rents below market, offering substantial potential for increased income and a meaningful rental upside for investors.
Prime Location & Growth Corridor: Positioned within minutes of major entertainment hubs like SoFi Stadium, Intuit Dome, and Hollywood Park, the asset benefits from Inglewood's dynamic and revitalized submarket.
Large Land Parcel & Redevelopment Potential: The property sits on over 52,000 SF of land, offering irreplaceable land value and long-term redevelopment potential in a desirable area.
Fully Income-Producing Asset: The property is fully income-producing, providing immediate cash flow and a competitive going-in return for investors.

Cons

MLS Listing Discrepancy: Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =52344, other record lot size in square feet = 18556. Living area discrepancy between mls listing and other public or private record. mls listing living area = 6698, other record living area = 1087.
Age of Property: Built in 1909, the property is very old, which may imply significant deferred maintenance, outdated systems, and potentially higher capital expenditure requirements for upkeep and modernization.
Unincorporated Area Status: Located in unincorporated Inglewood, the property may be subject to different regulations, zoning, or municipal services compared to incorporated areas, which could impact future development or management.
Below Market Rents (Current State): While offering upside, the current below-market rents mean the property is not yet maximizing its income potential, and achieving market rates may require strategic tenant turnover, unit renovations, or vacancy periods.

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