11121 Freeman Avenue, Inglewood, CA 90304
Local realty services provided by:ERA North Orange County Real Estate
11121 Freeman Avenue,Inglewood, CA 90304
$1,200,000
- - Beds
- - Baths
- - sq. ft.
- Multi-family
- Active
Listed by:woody stahl310-425-9838
Office:lyon stahl investment real est
MLS#:PW25192533
Source:CAREIL
Price summary
- Price:$1,200,000
About this home
-4 Unit Apartment Building in Lennox | 2,964 RSF on a 13,086 SF Lot -Strong Unit Mix: (4) 2-Bed/1-Bath -3.70% CAP Rate | $300,000/Unit | $404.86/SF | 14.97 GRM -Opportunity for ADU (Buyer to Verify) | Potential SB9 Lot Split/Additional Units (Buyer to Verify) -50% Rental Upside | Market Cap Rate of 6.85% -Only 2 Miles From the Intuit Dome and SoFi Stadium -(4) Private One-Car Garages | (1) Currently Vacancy Unit 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 al
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Home facts
- Year built:1953
- Listing ID #:PW25192533
- Added:2 day(s) ago
- Updated:August 30, 2025 at 04:24 PM
Structure and exterior
- Year built:1953
- Lot area:0.3 Acres
Utilities
- Water:District - Public
Finances and disclosures
- Price:$1,200,000
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