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    11121 S Freeman Ave Inglewood, CA 90304

    For Sale
    $1,200,000

    Four-unit apartment building in Lennox with value-add potential.

    Property size:
    2,964 SF
    Lot size:
    0.30 Acres

    Property Features for 11121 S Freeman Ave

    General Information

    Size
    2,964 SF
    Lot size
    0.30 Acres

    Building Details

    Year built
    1953

    Source: Keller Williams South Bay Agent Woody Stahl

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Lennox Four-Unit Apartment Building

    This four-unit apartment building is located in Lennox. The property features 2,964 rentable square feet on a 13,086 square foot lot. The unit mix consists of four 2-bed/1-bath units. There are four private one-car garages, and one unit is currently vacant. The property is located two miles from both the Intuit Dome and SoFi Stadium. There is potential to add an ADU, and further expansion possibilities under California’s SB9 legislation may allow for a lot split or additional units; buyers should verify these possibilities. The property is intended as an investment opportunity with potential for approximately 50% rental upside and a projected market CAP rate of 6.85%.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Inglewood
    County
    Los Angeles
    State
    California
    Longitude
    -118.3483999
    Latitude
    33.9339284

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    FAQs

    What type of property is this?
    Quadplex - Four-unit apartment building in Lennox with value-add potential.
    Where is this quadplex located?
    The property is located at 11121 S Freeman Ave Inglewood, CA.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: - Significant (50%) Rental Upside with a potential market CAP rate of 6.85%.; - Prime Location: Just 2 Miles From the Intuit Dome and SoFi Stadium.; - Strong Unit Mix: Features (4) 2-Bed/1-Bath units.
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    Inglewood, CA 90304
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    11121 S Freeman Ave Inglewood, CA 90304
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