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4341 W 106th Street, Inglewood, California 90304, Inglewood, 90304 - 5 bed, 4 bath

4341 W 106th Street, Inglewood, California 90304 home-pic-0
ACTIVE$980,000
4341 W 106th Street, Inglewood, California 90304
5Beds
4Baths
2,104Sqft
6,043Lot
Year Built
1941
Close
-
List price
$980K
Original List price
$980K
Price/Sqft
$466
HOA
-
Days on market
-
Sold On
-
MLS number
25607427
Home ConditionPoor
Features
View-

About this home

Possibly Over-Priced:The estimated price is 3% below the list price. We found 3 Cons,5 Pros. Rank: price - $980.0K(62th), sqft - 2104(92th), beds - 5(92th), baths - 4(92th).

Income-producing opportunity in unincorporated Lennox/Inglewood 90304 zip code. Current Income (rooms only): $56,400/yr, Pro Forma Income (incl. front unit): $80,400/yr, and 17.37GRM (Pro Forma) = 12.18 GRM. Pro Forma NOI: $80,400 65% = $52,260, Cap Rate (Pro Forma): ~5.3%. This 2,104 sq.ft. SFR on a 6,043 sq.ft. R3-zoned lot has been configured with multiple rentable rooms to generate diversified monthly income. Per visual observation, the property includes 9 bedrooms (public records show 5 beds/4 baths). Several rooms are currently rented with monthly income of $680, $500, $650, $620, $700, $800, and $750. The front portion of the home features a 2-bedroom / 1-bath layout with kitchen and living room, offering additional rental potential with an estimated market rate of approx. $2,000/mo (buyer to verify). Recent upgrades include a 2022 permitted 646 sq.ft. addition, 200-amp electrical panel, tankless water heater, multiple rear storage structures, and a long driveway providing on-site parking. R3 zoning may allow for expansion or ADU development (buyer to confirm with county). Conveniently located near major employment hubs and transportation corridors. These figures reflect potential upside through full utilization of the front unit, optimizing room rents, and exploring lot/development potential. DO NOT DISTURB OCCUPANTS.

Nearby schools

6/10
Dolores Huerta Elementary School
Public,•K-5•0.1mi
6/10
Moffett Elementary School
Public,•K-5•0.4mi
6/10
Jefferson Elementary School
Public,•K-5•0.4mi
6/10
Buford Elementary School
Public,•K-5•0.7mi
5/10
Felton Elementary School
Public,•K-5•0.8mi
4/10
Worthington Elementary School
Public,•K-5•1.0mi
5/10
Bennett/Kew Elementary School
Public,•K-5•1.4mi
3/10
Clyde Woodworth Elementary School
Public,•K-5•1.4mi
5/10
Lennox Middle School
Public,•6-8•0.7mi
/10
Monroe (Albert F.) Middle School
Public,•6-8•1.4mi
2/10
Morningside High School
Public,•9-12•1.0mi
4/10
Hawthorne High School
Public,•9-12•1.8mi
5/10
Leuzinger High School
Public,•9-12•2.7mi
4/10
Lawndale High School
Public,•9-12•3.1mi

Price History

Date
Event
Price
10/16/25
Listing
$980,000
12/02/03
Sold
$252,000
Condition Rating
Poor
Built in 1941, this property requires substantial repairs and rehabilitation, particularly in the kitchen and bathroom. While recent upgrades like a 2022 permitted addition, 200-amp electrical panel, and tankless water heater are positive, the visible interior spaces are in poor condition. The kitchen features unfinished cabinetry, outdated flooring, and basic appliances, indicating a need for a complete renovation. The bathroom appears neglected, with visible discoloration and potential water damage on the walls, suggesting significant defects that would require extensive repairs to ensure safety and comfort. The property is not move-in ready and would be very uncomfortable to live in its current state without major rehabilitation.
Pros & Cons

Pros

High Income Potential: The property offers a significant income-producing opportunity with current annual income of $56,400 and a pro forma income of $80,400, supported by a competitive 5.3% cap rate.
R3 Zoning & Development Potential: Situated on an R3-zoned 6,043 sq.ft. lot, the property presents substantial upside for expansion, ADU development, or potential multi-unit conversion, subject to county verification.
Recent Permitted Upgrades: Key recent improvements include a 2022 permitted 646 sq.ft. addition, a 200-amp electrical panel upgrade, and a tankless water heater, enhancing the property's functionality and value.
Diversified Rental Configuration: Configured with multiple rentable rooms and an additional 2-bed/1-bath front unit, the property generates diversified monthly income, reducing vacancy risk and maximizing cash flow.
Strategic Location: Its location in Inglewood/Lennox offers convenient access to major employment hubs and transportation corridors, making it attractive to renters and supporting long-term appreciation.

Cons

Public Record Discrepancy: A notable difference exists between the public record's 5 beds/4 baths and the observed 9 bedrooms, which may indicate unpermitted modifications or zoning compliance issues requiring thorough buyer investigation.
Occupant Access Restrictions: The instruction 'DO NOT DISTURB OCCUPANTS' poses a challenge for property showings and inspections, potentially limiting buyer access and due diligence.
Property Age & Potential Maintenance: Built in 1941, the property is an older structure, which despite recent upgrades, may entail higher ongoing maintenance costs or require further capital improvements in the future.

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