10901 S Freeman Ave - Apartments FOR SALE


Inglewood, CA 90304 | 
$2,000,000 USD
407-341-3254
10901 S Freeman Ave, Inglewood, CA for Sale
$2,000,000 USD
Apartments - FOR SALE
1/9
null | 3.8% Cap Rate

10901 S Freeman Ave
Inglewood, CA 90304


HIGHLIGHTS

  • Value-Add Opportunity with 45% upside in rents, with a large 19,653sqft lot
  • 8 enclosed carport spaces and a separate oversized garage for ADU potential
  • Full electrical replacement in 2024
  • Located 1.5 miles from SoFi Stadium

OVERVIEW

Prime value-add investment opportunity just 1.5 miles from SoFi Stadium: 9 total units (4 duplexes plus a separate house) on a large 19,653 sqft lot, priced at a 14.68 GRM with an estimated 45% upside in rental income. The back house was built in 1924 and the 4 duplexes were built between 1955 and 1960. 2 of 9 units are already remodeled with some remaining units featuring upgraded flooring and/or kitchen cabinets. Full electrical system replacement completed in 2024. The lot offers 8 enclosed carport spaces plus a separate oversized garage, ideal for ample parking or a potential ADU opportunity (buyer to verify with city). All units include in-unit washer/dryer hookups. A strong candidate for value-add investors or 1031 exchange buyers near one of LA's fastest-growing entertainment corridors.

FOR SALE DETAILS

PRICE

$2,000,000 USD

PRICE/SF

$386 USD /SF

# OF UNITS

9

PRICE/UNIT

$222,222

CAP RATE

3.8%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1924

PARKING SPACES

9

LAND DETAILS

LAND ACRES

0.45 AC

LAND SF

19,648 SF

ZONING

R2, Inglewood

APN/PARCEL ID

4035-007-003

ASK ABOUT THIS PROPERTY

Krissy MussendenBuckingham InvestmentsMore Info
407-341-3254

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Krissy MussendenBuckingham InvestmentsMore Info
407-341-3254

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.