532 S. Flower Street is a Non-rent Controlled 4Plex, steps from SoFi Stadium and Hollywood Park Development. This massic 4Plex sits on an oversize 9,627 SqFt. lot. 4.45% Current Cap Rate on actuals based on the buyer tax rate and bank underwriting. This is a very desirable and rare asset in Inglewood due to the size of the building and lot, as well as the location.
This spacious asset, located in Inglewood, is comprised of (1) 4-bedroom/3-bath unit and (3) 1-bedroom/1-bath units. The building features 4, 424 Sq. Ft of living space, and sits on a massive 9,627 Sq ft lot. The units feature hardwood floors, spacious layouts, and beautiful landscaping. There is still room to grow the monthly rental income, with a 5.16% Market CAP.
The subject property lies only steps away from millions of dollars in development, including the Brand New Sofi Stadium, Clippers Arean, and the Hollywood Park Development, which will include 500,000 Sq.ft of retail space, a 300 unit hotel, 314 apartment units, and plenty of office space. The value-add property is an ideal pickup for any investor or owner/user looking to live in one unit and let the others pay off the mortgage!