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10901 S Freeman Ave, Inglewood

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 Details

  • Units: 9
  • Gross Rent Multiplier: 14.68
  • Cap Rate: 3.8

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Price

$2,000,000

Annual Income

$136,224

Annual NOI

$75,952

Annual Expense

$53,461

Rental Cost Details

# OF UNITS# OF BEDROOMS# OF BATHSACTUAL RENTTOTAL RENTPRO FORMATOTAL PRO FORMA
911$1,261$11,349$1,800$16,200
TOTAL # OF UNITSTOTAL # OF BEDROOMSTOTAL # OF BATHSGRAND TOTAL RENTGRAND TOTAL PRO FORMA
911$11,349$16,200

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