536 S Flower St, Inglewood, CA 90301

$2,575,000
16
BD
12
BA
8,547
SqFt
Sold Price
$2,575,000
List Price
$2,785,000
Closing Date
Dec 15, 2023
MLS#
23-303419
Year Built
1961
Bedrooms
16
Bathrooms
12
Living Sq. Ft
8,547
Lot Size
9,625
Days on Market
73
Property Type
Multifamily
Stories
2

Property Description

Location, Location, Location! 2 Blocks from SoFi Stadium, The Forum & the Upcoming Inglewood Transit Connector (ITC) and Less Than 1 Mile from Intuit Dome (Clippers Arena) | Completely Renovated with City of Inglewood/LAX Sound Insulation Program - Double/Triple Pane Windows, All New Electrical, New Special Doors, Individual HVACs, Etc. | 5.25% Current Cap Rate & 13.24 Current GRM | Brand New Silicone Roof with 15+ Year Warranty | Desirable ADU Potential - Possibility to Add 2 ADUs (Accessory Dwelling Units) | 8,547-SF Building on Large 9,625-SF Lot | Units Upgraded with Vinyl Plank Flooring & LED Lighting | Full Copper Plumbing & Newer 100-Gallon Hot Water Heater | Approximately 23% in Rental Upside - 6.94% Pro-Forma Cap Rate & 10.76 Pro-Forma GRM | Nine Total Parking Spaces - Two Enclosed Double-Car Garages + Five Carport Spaces with Storage | Seven of the Units Contain Private Patios/Balconies | Gated Building with Intercom Access and On-Site Laundry | Spacious 2-Bedroom Unit & 3-Bedroom Unit with Washer/Dryer Hook-Ups & Private Patio/Balcony

Additional Information

Other Buildings
Other
Heat
Other
Cooling
Other
Number of Cars in Garage
Garage, Carport
Garage Spaces Total
4

Mortgage Calculator

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Calculator source: Real Geeks

Courtesy of Shield CRE, Inc., Jonathan Nikfarjam - CA DRE#01856803 Selling Office: .

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