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809 Flora Dr
Inglewood, CA 90302 Inglewood

$2,150,000 USD

Apartments For Sale  •  7,199 SF

Property Details

  • Property Type Apartments
  • Total Building Size 7,199 SF
  • Lot Size 0.27 AC
  • Building Class C
  • Year Built 1954
  • Cap Rate 4.55 %
  • Zoning R3, Inglewood
45 Transit Score
68 Walk Score

Highlights

Take Advantage of CA SB1211 and Build at Least (4) new ADU's
Cap Rate All Rents at Market - 6.95% (Without ADU's)
11.06% Pro Forma Cap Rate & 6.51 GRM (Assumes Stabilized Market Rents & four ADUs)
Value add opportunity. Approximately 35% in Organic Rental Upside
Pride of ownership: Meticulously maintained by current ownership (see OM for details)
(9) On-Site Covered Parking Spaces, Remodeled Pool, New Pergola Sitting Area, On-Site Laundry

Property Flyers

Financial Summary (Proforma)

Net Operating Income: $237,709 USD (2024)
Cap Rate: 4.55 %
Total Expenses: $82,834 USD

Amenities

  • 24 Hour Access
  • Air Conditioning
  • Controlled Access
  • Laundry Facilities
  • Pool
  • Security System
  • Storage Space
  • Tenant Controlled HVAC
  • Heating
  • Kitchen
  • Oven
  • Range
  • Smoke Detector

Public Transportation

Transit/SubwayDriveWalkDistance
Westchester / Veterans Station (Metro K-Line - Metro - Los Angeles) 2 min 15 min 0.8 mi
AirportDriveWalkDistance
Los Angeles International 9 min - 3.9 mi
Bob Hope 36 min - 19.1 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 9
Type: Covered
Included in Rent: Yes
Drew McAllister 925-683-9203 NRE Commercial
Drew McAllister 925-683-9203 NRE Commercial