MarketPier

10814 S FREEMAN Avenue - Inglewood, CA 90304

$800,000
Listing Description

INGLEWOOD TRIPLEX consisting of one (3 bed + 1 bath) and two (1 bed + 1 bath) units yielding a 5.5+% CAP! Situated on a large Multifamily zoned lot, this 3 unit offering features parking and patio space not readily available in higher density multifamily properties. This feature is ideal for highly employable tradesmen with a need for workspace and off street parking or families with small children. Due to the large lot size, additional potential exists with additional renovation, addition or redevelopment.

Listing Information
MLS Number
19476868
APN/Parcel ID
4035009006
Type
Multifamily
Sub Type
Multifamily
Building Size
1,784 sqft
Lot Size
9,304 sqft
Price / SQFT
$448
No Units
3
Price / Unit
$266,667
Gross Income
$64,800
Total Expenses
$17,960
Net Income
$44,896
Rent Multiplier
12.35
Cap Rate
5.61%
Listing Date
6/11/2019
Days Active
98
Last Updated
9/18/2019
Listing Provided By
Scott Rosenberg
RE/MAX ESTATE PROPERTIES
BRE# 01456686

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