1026 S Flower Street Inglewood, CA ^$ 6,500,000

1026 S Flower Street

^$ 6,500,000

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1026 S Flower Street

Inglewood, CA, 90301

^$ 6,500,000

Bedrooms40 Baths29.0 Sq 17,421

Monthly Estimate*

^$ 45,404

Listed by McAlpin & Company

1026 S Flower Street, Inglewood, CA 90301 - Image 1

1026 S Flower Street, Inglewood, CA 90301 - Image 2

1026 S Flower Street, Inglewood, CA 90301 - Image 3

1026 S Flower Street, Inglewood, CA 90301 - Image 4

1026 S Flower Street, Inglewood, CA 90301 - Image 5

1026 S Flower Street, Inglewood, CA 90301 - Image 6

1026 S Flower Street, Inglewood, CA 90301 - Image 7

Multi-Family Home for sale in Inglewood, CA

for $6,500,000 with 40 bedrooms and 29 full baths. This 17,421 square foot home was built in 1960 on a lot size of 0.613.

This listing is for two buildings 1018 and 1026 S. Flower St. that must be sold together. It consists of two buildings totaling 26 units with an excellent unit mix 1,2 and 3 bedroom units. All units have been remodeled within the last 10 years and consist of many stable long term tenants. This presents an opportunity for a saavy investor to reposition building and improve financials for long term passive income. Please see attached OM for detailed unit Income/Expense information. Inglewood is already the emerging entertainment and sports epicenter of Southern California, with the historic Forum, Sofi Stadium, You Tube Theatre, Intuit Dome, Hollywood Park Casino and Residences. "The Islander" property is only two blocks from this ever expanding Hollywood Park Community located at 1018-1026 S. Flower St, Inglewood CA.

Multi-Family Pending

Price

^$ 6,500,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

Lot Size

0.613

Year Built

1960

Town/City

Inglewood

County/Region

Los Angeles

MLS | Web ID

24364315

Days on Market

Features

General

Heating NaturalGas WallFurnace

Cooling None

Zoning INRM*

Year Built 1960

Stories 2

Levels Two

Gross Income 4500.0

County Los Angeles

Net Operating Income 343037.0

New Construction N

Property Type ResidentialIncome

HOA / Comm Assn N

Attached Garage N

Garage Y/N N

Special Listing Conditions Standard

Status Pending

Directions North of Century/South of Arbor Vitae/West of Prairie/East of La Brea

City Inglewood

Disclosures CityInspectionRequired RentControl

View Y/N N

Senior Community Y/N N

Total Units 26

MLS Area 102 - South Inglewood

Lot Size Square Feet 26701.0

Private Pool N

Waterfront Y/N N

Carport Y/N Y

Street Name Flower

Property Attached Y/N N

Land Lease Y/N N

Home Warranty Y/N N

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N Y

Days on Market 6

Standard Status Pending

Occupancy Description Tenant

Cap Rate 5.27

Exterior

Parking Features ControlledEntrance Carport

Total Parking 26.0

Lot Size Area 26701.0

Number of Buildings 2

Spa N

Building Area Total 17421.0

Lot Dimensions 117x234

Lot Size Acres 0.613

Lot Size Units SquareFeet

Lot Size Source Other

Crops Included Y/N N

Open Parking Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Interior

Total Stories 2

Basement (Y/N) N

Air Conditioning Y/N N

Heating Y/N Y

Fireplace Y/N N

Full Baths 0

Half Baths 0

1/4 Baths 0

3/4 Baths 0

Street Suffix Street

Total Bedrooms 40

Electric On Property Y/N N

Total Baths 29

Internal Only

Street Number 1 1026

* Excluded Features

List By

Mcalpin & Company

Broker

(310) 291-8565

Phone

Affordability Calculator

$45,404

Per Month

Monthly Principal & Interest: $45,404
Monthly Property Taxes: --
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Inglewood, CA

Average List Price ^$1,811,137

Percent of Sale Price 72%

About Inglewood, CA

110,986 Population

-2% Since 2002

^$45,801 Median Income

35.72 Median Age

34% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

273443 Elementary School

272636 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
3/6/2024	$6,500,000		Listed Price

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1026 S Flower Street, Inglewood, CA, 90301 is a Multi-Family Home for sale at $6,500,000 with 17,421 sqft and a lot size of 0.613. 1026 S Flower Street has 40 bedrooms, 29.0 baths, and was built in 1960. The property's zip code is 90301 which is in Inglewood, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 5/15/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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1026 S Flower Street

Multi-Family Home for sale in Inglewood, CA

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