Just Listed – 5-Unit Property Near NFL Stadium in Inglewood
Cameron Samimi is proud to present 532 S Flower St, an investment property for sale in Inglewood!
This 4,424 Sq Ft property on 9,627 Sq Ft of land is offered for $1,350,000
The property is a legal 4-unit, which includes a non conforming 5th unit. This spacious asset located in the heart of Inglewood
has one 3-bedroom/1-bath unit, one 2-bedroom/1-bath unit, and three 1-bedroom/1-bath units. The units feature hardwood floors, new paint,
spacious layouts, and beautiful landscaping. Below market rents allow for a very achievable market cap at 6.74% CAP.
Situated within steps from the $2.6 billion Los Angeles NFL Stadium, 532 S. Flower Street is located in the most highly sought after
neighborhood of Inglewood. The stadium is already expected to host the Super Bowl in 2022 and the Summer Olympics in 2028.
The building features 4,424 Sq.Ft of living space, which sits on a massive, 9,627 Sq.Ft lot.
This is a perfect value-add opportunity for any new owner/investor looking to own property in the heart of the future of Inglewood.
• Located within steps to the $2.8 billion Los Angeles NFL Stadium
• Value Add Property with over 33% upside in rent
• Separately Metered for Gas and Electric
• Near 10,000 Sq.Ft. Lot
• Hardwood floors, new paint, spacious layouts featured in units
• Beautifully landscaped scenery
• Can obtain 30-year fixed financing
Inglewood is a city in the South Bay region of Los Angeles that is bordered by Westchester/LAX, Hawthorne, and Ladera Heights. Spanning 8 square miles with a population of 109,670, Inglewood has emerged as one of the hottest real estate markets in Southern California. Real estate values have increased 10.1% over the past year and the median price of homes currently listed in Inglewood is $480,000.
Inglewood is also home to the illustrious Forum, which was designed by architect Charles Luckman, who also designed Madison Square Garden in New York. For decades, the Forum was one LA’s most prominent concert venues, hosting the likes of Elvis Presley, Led Zeppelin, and the Jackson 5. It was also home to the Los Angeles Lakers before the team moved to the Staples Center in 1999. The Forum is now the largest indoor performance venue in the country with a design focused on music and entertainment.
The Los Angeles Stadium at Hollywood Park is under construction in Inglewood and when completed in 2020, it will be the home of both the Los Angeles Rams and Los Angeles Chargers. The Los Angeles Stadium is also expected to host the Super Bowl in 2021 and the 2028 Summer Olympics.
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