10901 S Freeman, Inglewood, CA 90304
- $2,000,000
- List Price
- $2,000,000
- Status
- ACTIVE
- MLS#
- SB26186531
- Year Built
- 1924
- Lot Size
- 19,653
- Acres
- 0.45
- Lot Location
- 6-10 Units/Acre
- Days on Market
- 21
- Property Type
- Multifamily
- Property Sub Type
- Apartment
Property Description
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.
Additional Information
- Pool Description
- None
- Garage Spaces Total
- 9
- Sewer
- Public Sewer
- Water
- Public
- Attached Structure
- Attached
- Number Of Units Total
- 9
- Gross Scheduled Income
- $136,224
- Operating Expense
- 53461
Listing courtesy of Listing Agent: Kristen Mussenden (krissy.m@buckinghaminvestments.com) from Listing Office: Buckingham Investments, Inc.
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.