10901 S FreemanInglewood, CA 90304

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.

Property Information

Property type

Residential Income

Sub-type

Apartment

Year built

1924

Stories

1

Building area

5,188 Sq Ft

Lot size

0.45 acres

Garage spaces

9

Parking spaces

9

Days on market

44

MLS^® Listing#

SB26186531

Property Features

Pool

None

Laundry

Washer Hookup · Gas Dryer Hookup

Community

Sidewalks

Sewer

Public Sewer

Water source

Public

Parcel number

4035007003

Directions

From the 105, head north on Prairie Ave, then turn right onto Lennox Blvd. From Lennox Blvd, turn right onto Freeman