532 S Flower ST, Inglewood, CA 90301
532 S Flower ST, Inglewood, CA 90301
532 S Flower ST, Inglewood, CA 90301
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$1,649,800
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9,613 Sqft Lot
Price Dropped by $50K

532 S Flower ST Inglewood, CA 90301

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Jessica Lam

Jessica Lam

+1(949) 490-6767

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID OC26117008

Construction Status Turnkey

HOA Y/N No

Year Built 1928

Lot Size 9,613 Sqft

Property Sub-Type Quadruplex

Property Description

Great opportunity to own an extensively improved 4 unit property situated on a spacious 9,627 square foot R3 zoned lot, just moments from SoFi Stadium, the Kia Forum, Hollywood Park, and the ongoing redevelopment transforming Inglewood. The property features a front house that will be delivered vacant at the close of escrow, creating exceptional flexibility for an owner occupant, investor, short term rental operator, or tenant seeking market rent. The three rear units are tenant occupied, providing immediate and stable rental income from day one. This turn key asset has benefited from thoughtful upgrades and improvements and is professionally managed and operated. Recent enhancements include a new roof installed in 2022, a permitted kitchenette in the main house, an updated kitchen in the main house, and an upgraded electrical panel. The property has also been approved for additional improvements through the Residential Sound Insulation Program (RSIP). Scheduled for installation in early 2027, and transferable to the next owner, these improvements include upgraded HVAC systems, new interior and exterior doors, and dual and triple pane windows, representing a substantial future benefit at no cost to the buyer. The property also offers four attached single car garages, creating valuable parking and storage options. Buyers may wish to explore the potential for future ADU conversion, subject to city requirements and approvals, adding another layer of long term upside. With strong in place income, a vacant owner's unit, significant recent capital improvements, development friendly R3 zoning, and a premier location in one of Southern California's most dynamic growth corridors, this property presents an exceptional combination of current cash flow and future appreciation potential. This one is a slam dunk and truly does not disappoint.

Location

State CA

County Los Angeles

Area 101 - North Inglewood

Interior

Heating Forced Air

Cooling Central Air

Flooring Laminate

Fireplaces Type None

Inclusions Negotiable

Fireplace No

Laundry Inside

Exterior

Parking Features Driveway, Garage

Garage Spaces 4.0

Garage Description 4.0

Pool None

Community Features Street Lights, Sidewalks

View Y/N Yes

View Neighborhood

Roof Type Asphalt

Total Parking Spaces 6

Private Pool No

Building

Lot Description Level, Rectangular Lot

Story 1

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Construction Status Turnkey

Others

Senior Community No

Tax ID 4021037028

Acceptable Financing Cash, Conventional, FHA

Listing Terms Cash, Conventional, FHA

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)
Listed by Gene Smith RE/MAX TerraSol 949-395-7552, DRE #01965474

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532 S Flower ST