Nine-Unit Apartment Building with
For Sale
$2,000,000
10901 S Freeman, Inglewood, CA 90304
Multifamily property with select renovations, enclosed parking, and in-unit laundry hookups.
Property Size5,188 SF
Days on Market54
Property Features for 10901 S Freeman
General Information
Standard status
Active
Size
5,188 SF
Property subtype
Apartment
Building Details
Building Size
5,188 SF
Year Built
1924
Listing Agency:
Buckingham Investments, Inc
Listed By:
Kristen Mussenden · License #02096276
(407) 341-3254
Source:
Velocityrealtysd
Added: Aug 26
Changed: Oct 12
Last Checked: Oct 16 at 5:23PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Buckingham Investments, Inc
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Investment Insights
Based on property information with market context.
This apartment property contains 9 units arranged as 4 duplexes and a separate house on a 19,653-square-foot lot. Two units have been remodeled, while other units include upgraded flooring and/or kitchen cabinetry. Every unit has washer/dryer hookups. Electrical service throughout the property was replaced in 2024.
The separate house dates to 1924, and the duplex buildings were constructed between 1955 and 1960. Parking includes 8 enclosed carport spaces and an oversized detached garage. The property is located 1.5 miles from SoFi Stadium in Inglewood, California, and carries a 14.68 GRM.
The separate house dates to 1924, and the duplex buildings were constructed between 1955 and 1960. Parking includes 8 enclosed carport spaces and an oversized detached garage. The property is located 1.5 miles from SoFi Stadium in Inglewood, California, and carries a 14.68 GRM.
Key Highlights
- 9 total units: 4 duplexes plus a separate house
- 19,653‑square‑foot lot with 8 enclosed carport spaces
- Oversized separate garage included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$64,262
Cap Rate
3.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,285,240
$1.3M
Cap Rate 7%
$918,029
$918.0K
Cap Rate 9%
$714,022
$714.0K
Market Conditions
NOI Build-Up for 5,188 SF
Gross rent
$117.7K $22.68/SF
− Vacancy
−$824 −$0.16/SF
EGI
$116.8K $22.52/SF
− OpEx
−$52.6K −$10.13/SF
NOI
$64.3K $12.39/SF
Area
Inglewood, CA
Vacancy
0.70%
Lease Rate
$22.68 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,285,240
Cap Rate 7%
$918,029
Cap Rate 9%
$714,022
Alternative Uses
Best Use
Apartment 5plus
$918.0K
$803.3K – $1.07M
NOI $64,262 @ 7.0% cap · market cap 3.21%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.12M
$1.85M – $2.47M
NOI $148,169 @ 7.0% cap · market cap 7.41%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,274
Businesses Nearby
Explore this area
Business Placement
Demographics for 90304, CA
26,058
Population
7,673
Households
3.4
Avg Household Size
33
Median Age
14%
College-Educated
56%
High-School Grad
1.6 sq mi
ZIP Area
16,286
Density / Sq Mi
$63,317
Median Household Income
$31,385
Median Earnings
$1,499
Median Rent
$696,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Multifamily property with select renovations, enclosed parking, and in-unit laundry hookups.
Where is this apartment building located?
The property is located at 10901 S Freeman Inglewood, CA.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: 9 total units: 4 duplexes plus a separate house; 19,653‑square‑foot lot with 8 enclosed carport spaces; Oversized separate garage included
