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

1026 South Flower Street

^$ 6,500,000

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1026 South Flower Street

Inglewood, CA, 90301

^$ 6,500,000

Studio Baths0.0 Sq 17,421

Monthly Estimate*

^$ 43,201

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

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

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

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

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

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

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

Studio

Multi-Family Home for sale in Inglewood, CA

for $6,500,000. This 17,421 square foot home was built in 1960 on a lot size of 0.61.

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

Studio

Property Type

Multi-Family

Taxes

^$ 0

Style

Lot Size

0.61

Year Built

1960

Town/City

Inglewood

County/Region

Los Angeles

MLS | Web ID

0024364315

Features

General

Heating Wall Furnace

Zoning INRM*

Year Built 1960

Levels Two

County Los Angeles

Net Operating Income 343037.0

New Construction No

Property Type C

HOA / Comm Assn No

Status Pending

City Inglewood

Buyer Agent Compensation 2.00

Senior Community Y/N No

MLS Area 102 - South Inglewood

Lot Size Square Feet 26701.0

Street Name Flower

Standard Status Pending

Buyer Agent Compensation Type %

Exterior

Parking Features Carport Controlled Entrance

Lot Size Area 26701.0

Foundation Details None

Building Area Total 17421.0

Lot Dimensions 117x234

Lot Size Acres 0.61

Lot Size Units Square Feet

Land Lease Type Fee

Interior

Heater Fuel Type Natural Gas

Total Stories 2

Air Conditioning Y/N No

Heating Y/N Yes

Street Suffix Street

Total Baths 0

* Excluded Features

List By

Enedina Sanchez

Listing Agent

Mcalpin & Company

Broker

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$43,201

Per Month

Monthly Principal & Interest: $43,201
Monthly Property Taxes: --
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 6.99% 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 ^$2,602,705

Percent of Sale Price 60%

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.

793437 Elementary School

793428 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 South 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 0.61. 1026 South Flower Street is a studio with 0.0 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 6.99% 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 Desert Association of Realtors.

Based on information from the California Desert Association of REALTORS® as of 3/11/2024. 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.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the California Desert Association of Realtors. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors include the name of the listing brokers.

The information being provided is for consumers' personal, non-commercial use and may not be reproduced or redistributed. Its sole purpose is to be used to identify prospective properties consumers may be interested in purchasing.

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1026 South Flower Street

Multi-Family Home for sale in Inglewood, CA

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