Inglewood, CA 90301 1026 S Flower Street

Pending
1026 S Flower Street Inglewood, Ca - Image 11026 S Flower Street Inglewood, Ca - Image 21026 S Flower Street Inglewood, Ca - Image 3
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1026 S Flower Street Inglewood, Ca - Image 41026 S Flower Street Inglewood, Ca - Image 51026 S Flower Street Inglewood, Ca - Image 6
Presented By: Enedina Sanchez with McAlpin & Company;
  • MLS# 24364315
  • 03/06/2024
  • Request Tour
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  • BedBeds • 40
  • BathBaths • 29
  • FootageSQFT • 17,421

Home Details

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.
Presented By: Enedina Sanchez with McAlpin & Company;

Interior Features for 1026 S Flower Street

Bedrooms

Total Bedrooms40

Bathrooms

1/4 Baths0
3/4 Baths0
Full Baths
Half Baths
Total Baths29

Other Interior Features

LivingAreaSourceAssessor
Air Conditioning Y/NNo
Basement (Y/N)No
Electric On Property Y/NNo
Fireplace Y/NNo
Heating Y/NYes
Street SuffixStreet
Total Stories2

General for 1026 S Flower Street

Additional Parcels Y/NNo
Attached Garage No
Cap Rate5.27
Carport Y/NYes
CityInglewood
CoolingNone
CountyLos Angeles
Days on Market6
DirectionsNorth of Century/South of Arbor Vitae/West of Prairie/East of La Brea
DisclosuresCityInspectionRequired, RentControl
Garage Y/NNo
Gross Income4500.0
HOA / Comm AssnNo
HeatingNaturalGas, WallFurnace
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Lot Size Square Feet26701.0
MLS Area102 - South Inglewood
MobileHomeRemainsYNNo
Net Operating Income343037.0
New ConstructionNo
Occupancy DescriptionTenant
Private PoolNo
Property Attached Y/NNo
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusPending
StatusPending
Stories2
Street NameFlower
Total Units26
View Y/NNo
Waterfront Y/NNo
Year Built1960
ZoningINRM*

Exterior for 1026 S Flower Street

Building Area Total17421.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Dimensions117x234
Lot Size Acres0.613
Lot Size Area26701.0
Lot Size SourceOther
Lot Size UnitsSquareFeet
Number of Buildings2
Open Parking Y/NNo
Parking FeaturesControlledEntrance, Carport
SpaNo
Total Parking26.0

Additional Details

Price History

1527188455

First Team Client Services

Price $6,500,000
MLS#24364315
List Date 03/06/2024
Property Type Pending
Phone 714.964.3311
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