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10901 S Freeman Ave
Inglewood, CA 90304
Multifamily Property For Sale
·
9 Units
Investment Highlights
- Value-Add Opportunity with 45% upside in rents, with a large 19,653sqft lot
- Full electrical replacement in 2024
- 8 enclosed carport spaces and a separate oversized garage for ADU potential
Executive Summary
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.
Property Facts
| Price Per Unit | $222,222 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.45 AC |
| Cap Rate | 3.80% | Building Size | 5,188 SF |
| Gross Rent Multiplier | 14.68 | Average Occupancy | 100% |
| No. Units | 9 | No. Stories | 1 |
| Property Type | Multifamily | Year Built/Renovated | 1924/1960 |
| Property Subtype | Apartment | Parking Ratio | 1.44/1,000 SF |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Zoning | R2, Inglewood | ||
| Price Per Unit | $222,222 |
| Sale Type | Investment |
| Cap Rate | 3.80% |
| Gross Rent Multiplier | 14.68 |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.45 AC |
| Building Size | 5,188 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built/Renovated | 1924/1960 |
| Parking Ratio | 1.44/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | R2, Inglewood |
Amenities
Unit Amenities
- Washer/Dryer Hookup
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | $990.00 | 560 |
| 1+1 | 1 | $1,650 | 560 |
| 1+1 | 1 | $1,650 | 560 |
| 1+1 | 1 | $1,177 | 560 |
| 1+1 | 1 | $1,239 | 560 |
| 1+1 | 1 | $1,177 | 560 |
| 1+1 | 1 | $1,239 | 560 |
| 1+1 | 1 | $990.00 | 560 |
| 1+1 | 1 | $1,240 | 708 |
Property Taxes
| Parcel Number | 4035-007-003 | Improvements Assessment | $500,144 |
| Land Assessment | $593,923 | Total Assessment | $1,094,067 |
Property Taxes
Parcel Number
4035-007-003
Land Assessment
$593,923
Improvements Assessment
$500,144
Total Assessment
$1,094,067
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