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Listed by Woody Stahl • Lyon Stahl Investment Real Est
$ 1,200,000
Est. payment /mo
Pending
11121 S Freeman AVE Inglewood, CA 90304
0.3 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Pending
Purchase Type For Sale
MLS Listing ID CRPW25192533
Year Built 1953
Lot Size 0.300 Acres
Property Sub-Type Fourplex
Source California Regional MLS
Property Description
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. This asset provides investors with both stable income and significant long-term growth potential.
Location
State CA
County Los Angeles
Area 105 - Lennox
Interior
Laundry Community Facility
Exterior
Garage Spaces 4.0
Pool None
Building
Water District - Public
Others
Tax ID 4035025014
Special Listing Condition Not Applicable
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