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    709 S Flower St

    Inglewood, CA 90301
    • $1,900,000
    • STATUS: Active Under Contract
    • ON SITE: 110 days
    • MLS #: 21-714830
    Under Contract
    $1,900,000
    • 13
      BEDS
    • 0.2
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 6,830
      SQFT
    • $278
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1960
    County:

    School Ratings & Info

    Description

    -Located within a Half-Mile of SoFi Stadium & The Forum -Less Than 1-Mile from the Proposed $1.2 Billion Clippers Arena -Centrally Located Near LAX Airport, Crenshaw/LAX Metro Station and Hollywood Park Development -Outstanding Unit Mix -All Tenants are Current on Rent -Approximately 42% in Projected Rental Upside -6.46% Pro-Forma Cap Rate & 10.79 Pro-Forma GRM -Close Proximity to Retail Shops, Dining & Entertainment of Manchester Boulevard & La Brea Avenue -Approximately 2.5-Miles from SpaceX Headquarters & Tesla Design Center -Newer Windows, Sound Insulation Retrofit for AC/Heater Units, Newly Painted Building, 7 Parking Spaces & On-Site Laundry Facility -SoFi Stadium Scheduled to Host Superbowl LVI in 2022 and Opening & Closing Ceremonies for 2028 Olympics -Clippers Arena Projected to Open for 2024-2025 NBA Season

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-07-24T23:42:36.89. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.markwiseproperties.com/homes/115770596
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    709 S Flower St Inglewood, CA 90301

    • Price: $1,900,000
    • Status: Active Under Contract
    • MLS #: 21-714830
    13
    Beds
    0
    Baths
    0
    ½ Baths
    0.2
    Acres
    6,830
    SQFT
    $278
    $/SQFT
    1960
    Built
    Neighborhood:
    North Inglewood
    County:
    Los Angeles
    Area:
    North Inglewood
    Property Description
    -Located within a Half-Mile of SoFi Stadium & The Forum -Less Than 1-Mile from the Proposed $1.2 Billion Clippers Arena -Centrally Located Near LAX Airport, Crenshaw/LAX Metro Station and Hollywood Park Development -Outstanding Unit Mix -All Tenants are Current on Rent -Approximately 42% in Projected Rental Upside -6.46% Pro-Forma Cap Rate & 10.79 Pro-Forma GRM -Close Proximity to Retail Shops, Dining & Entertainment of Manchester Boulevard & La Brea Avenue -Approximately 2.5-Miles from SpaceX Headquarters & Tesla Design Center -Newer Windows, Sound Insulation Retrofit for AC/Heater Units, Newly Painted Building, 7 Parking Spaces & On-Site Laundry Facility -SoFi Stadium Scheduled to Host Superbowl LVI in 2022 and Opening & Closing Ceremonies for 2028 Olympics -Clippers Arena Projected to Open for 2024-2025 NBA Season
    Exterior Features

    Covered Parking 7 Cross Streets Flower Street & La Palma Drive Lot Size Area 8639 Other Structures Other Parking Garage Assigned Paved YN Yes Total Parking 7

    Interior Features

    Baths Total 12.00 Common Walls Attached Cooling Air Conditioning Equipment Other Heating Other Laundry Community

    Property Features

    Alley YN Yes Assessed Total Value 1950750 Gross Income 124492 Gross Operating Income 118267 Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 1 Like Units5 1 Like Units6 1 Net Operating Income 73056.00 Number Of Buildings 1 Number Of Units 7 Sale Type Standard Source Living Area Estimated Source Lot Size Area Estimated Source Lot Size Dimensions Other Tax Total 26600.00 Total Annual Expense 45211 Type Of Units 321 BDR Water Heaters YN Yes Year Built Source Estimated Zoning Inr3yy

    Listing provided courtesy of Jonathan Nikfarjam DRE#01856803 of Shield Cre, Inc..


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-07-24T23:42:36.89. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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