11121 S Freeman Ave - Multi-Family FOR SALE


Inglewood, CA 90304
$1,200,000 USD
310-710-3829
11121 S Freeman Ave, Inglewood, CA for Sale
$1,200,000 USD
Multi-Family - FOR SALE
1/18
null | 3.7% Cap Rate

11121 S Freeman Ave
Inglewood, CA 90304


HIGHLIGHTS

  • 4 Unit Apartment Building in Lennox/Unincorporated LA | 2,964 RSF on a 13,086 SF Lot
  • Strong Unit Mix: (4) 2-Bed/1-Bath | Legal Access off of S Cedar Ave
  • 3.70% CAP Rate | $300,000/Unit | $404.86/SF | 14.97 GRM
  • Opportunity for ADU (Buyer to Verify) | Potential SB9 Lot Split/Additional Units (Buyer to Verify)
  • 50% Rental Upside | Market Cap Rate of 6.85%
  • Located in a Desirable Northwest Pocket of Inglewood | Only 2 Miles From the Intuit Dome and SoFi Stadium

OVERVIEW

This 4-unit apartment building presents an excellent investment opportunity in Lennox, a market positioned for continued growth and strong tenant demand. Situated on a large 13,086 SF lot, the property features 2,964 rentable square feet and a favorable unit mix consisting of (4) 2-Bed/1-Bath units, providing well-balanced layouts that appeal to a wide range of renters. Priced at $300,000 per unit and $404.86 per square foot, the asset offers an attractive entry CAP rate of 3.70% with significant room for growth, as investors can target approximately 50% rental upside and a projected market CAP rate of 6.85%. Beyond strong in-place fundamentals, the property presents multiple avenues for value creation, including the potential to add an ADU (buyer to verify) and further expansion possibilities under California’s new SB9 legislation, which may allow for a lot split or additional units (buyer to verify). Ideally located just two miles from both the Intuit Dome and SoFi Stadium, the property also includes (4) private one-car garages and one unit currently vacant unit, offering immediate leasing upside. This asset provides investors with both stable income and significant long-term growth potential.

FOR SALE DETAILS

PRICE

$1,200,000 USD

PRICE/SF

$405 USD /SF

# OF UNITS

4

PRICE/UNIT

$300,000

CAP RATE

3.7%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

4 Units in Inglewood

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1953

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

4035-025-014

ASK ABOUT THIS PROPERTY

Woody StahlLyon Stahl Investment Real Estate, Inc.More Info
310-710-3829

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Woody StahlLyon Stahl Investment Real Estate, Inc.More Info
310-710-3829

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