536 South Flower Street

Inglewood, CA 90301

$2,575,000
Last Sold Price
16
Beds
12
Baths
8,547 Sq. Ft.
$301 / Sq. Ft.
8,547
Sq. Ft.
$301
per Sq. Ft.

Description

Location, Location, Location! 2 Blocks from SoFi Stadium, The Forum & the Upcoming Inglewood Transit Connector (ITC) and Less Than 1 Mile from Intuit Dome (Clippers Arena) | Completely Renovated with City of Inglewood/LAX Sound Insulation Program - Double/Triple Pane Windows, All New Electrical, New Special Doors, Individual HVACs, Etc. 2 Blocks from SoFi Stadium, The Forum & the Upcoming Inglewood Transit Connector (ITC) and Less Than 1 Mile from Intuit Dome (Clippers Arena) | Completely Renovated...Location, Location, Location! 2 Blocks from SoFi Stadium, The Forum & the Upcoming Inglewood Transit Connector (ITC) and Less Than 1 Mile from Intuit Dome (Clippers Arena) | Completely Renovated with City of Inglewood/LAX Sound Insulation Program - Double/Triple Pane Windows, All New Electrical, New Special Doors, Individual HVACs, Etc. 2 Blocks from SoFi Stadium, The Forum & the Upcoming Inglewood Transit Connector (ITC) and Less Than 1 Mile from Intuit Dome (Clippers Arena) | Completely Renovated with City of Inglewood/LAX Sound Insulation Program - Double/Triple Pane Windows, All New Electrical, New Special Doors, Individual HVACs, Etc | 5.25% Current Cap Rate & 13.24 Current GRM | Brand New Silicone Roof with 15+ Year Warranty | Desirable ADU Potential - Possibility to Add 2 ADUs (Accessory Dwelling Units) | 8,547-SF Building on Large 9,625-SF Lot | Units Upgraded with Vinyl Plank Flooring & LED Lighting | Full Copper Plumbing & Newer 100-Gallon Hot Water Heater | Approximately 23% in Rental Upside - 6.94% Pro-Forma Cap Rate & 10.76 Pro-Forma GRM | Nine Total Parking Spaces - Two Enclosed Double-Car Garages + Five Carport Spaces with Storage | Seven of the Units Contain Private Patios/Balconies | Gated Building with Intercom Access and On-Site Laundry | Spacious 2-Bedroom Unit & 3-Bedroom Unit with Washer/Dryer Hook-Ups & Private Patio/Balcony
  1. Listed by Jonathan Nikfarjam • DRE #01856803 • Brokerage DRE #01856803 • Shield CRE, Inc.
  2. Listed by Gianluca Jacoli • DRE #01938297 • Brokerage DRE #01856803 • Shield CRE, Inc.

Property Details for 536 South Flower Street

Zoning
INR3YY
Cross Streets
Flower Street & Kelso Street
Parcel Number
4021037027
Total Units
9.0
Living Area
8547
Source Living Area
Estimated
Area
North Inglewood (101)
Vacancy Rate
0

Location

Listing Courtesy of Shield CRE, Inc., Jonathan Nikfarjam, DRE #01856803; Shield CRE, Inc., Gianluca Jacoli, DRE #01938297

Sold By Shield CRE, Inc., Jonathan Nikfarjam, DRE #01856803; Shield CRE, Inc., Gianluca Jacoli, DRE #01938297

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LISTING UPDATED: 12/15/2023 04:41 PM

Property Details for 536 South Flower Street

StatusSold
MLS #23-303419
Days on Market73
Taxes$35,286 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1961
Lot Size0.22 AC / 9,625 SF
CountyLos Angeles County

Location

Listing Courtesy of Shield CRE, Inc., Jonathan Nikfarjam, DRE #01856803; Shield CRE, Inc., Gianluca Jacoli, DRE #01938297

Sold By Shield CRE, Inc., Jonathan Nikfarjam, DRE #01856803; Shield CRE, Inc., Gianluca Jacoli, DRE #01938297

Add your commute

Building Information for 536 South Flower Street

Stories2Residences-Year Built1961Building Size-Lot Size0.22 AC / 9,625 SF

Payment Calculator

$16,993 per month

30 year fixed, 7.25% Interest

Principal and Interest

$14,053

Property Taxes

$2,941

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 536 South Flower Street

Community / Development
Community / Development
  • Number Of Units: 9
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Estimated
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: 3, 2 & 1 BD
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $205,213
  • Net Operating Income: $146,128.00
  • Gross Income: $211,560
  • Cap Rate: 5.25%
  • Gross Rent Multiplier: $13.24
  • Actual Annual Gross Rent: $210,360.00
  • Actual Gross Annual Income: $211,560
  • Actual Rent Total: $210,360.00
  • Vacancy Allow Dollar: $6,347.00
  • Vacancy Allow Percent: 3.00%
  • Total Annual Expense: 59085
Land / Lot Info
Land / Lot Info
  • Additional Parcel Number: No
  • Alley: Yes
  • Paved: Yes
  • Lot Acreage: 0.2207
  • Lot Size Square Feet: 9625
  • Lot Size Dimensions: 50x192
  • Source Lot Size Dimensions: Vendor Enhanced
Parking Details
Parking Details
  • Parking Garage: Garage, Carport
  • Total Parking: 9
  • Covered Parking: 9
  • Garage Spaces Total: 4
  • Carport Spaces Total: 5
  • Parking Features: Garage, Carport
  • Garage Structures Total: 2.0
Interior Features
Interior Features
  • Levels: Two
  • Cooling Type: Other
  • Heating Type: Other
  • Flooring: Vinyl
  • Equipment: Intercom
  • Common Walls: Attached
  • Laundry: Room, In Unit
  • Laundry Equipment: Lease
Exterior Features
Exterior Features
  • Patio Features: Balcony, Patio Open
  • New Construction: No
  • Other Structures: Other
Lease Terms
Lease Terms
  • Entry Date: 08-22-2023
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $1,971.00
  • Unit Actual Rent: $1,971.00
  • Unit Projected Rent: $2,695.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,495.00
  • Unit Actual Rent: $2,495.00
  • Unit Projected Rent: $2,495.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,595.00
  • Unit Actual Rent: $2,595.00
  • Unit Projected Rent: $2,595.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,382.00
  • Unit Actual Rent: $2,382.00
  • Unit Projected Rent: $2,950.00
  • Like Units: 1
Unit 5 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,744.00
  • Unit Actual Rent: $1,744.00
  • Unit Projected Rent: $1,950.00
  • Like Units: 1
Unit 6 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,653.00
  • Unit Actual Rent: $1,653.00
  • Unit Projected Rent: $2,495.00
  • Like Units: 1
Unit 7 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,422.00
  • Unit Actual Rent: $1,422.00
  • Unit Projected Rent: $1,950.00
  • Like Units: 1
Unit 8 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,127.00
  • Unit Actual Rent: $1,127.00
  • Unit Projected Rent: $1,950.00
  • Like Units: 1
Unit 9 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,141.00
  • Unit Actual Rent: $2,141.00
  • Unit Projected Rent: $2,495.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109, 2110, 2111, 2112, 2113, 2114
  • Number of Electric Meters: 9
  • Number of Gas Meters: 9
Tax and Assessed Info
Tax and Assessed Info
  • Tax Percent: 1.27%
  • Assessed Improvement Value: $156,533.00
  • Assessed Improvement Percent: 37.74
  • Assessed Land Value: $258,284.00
  • Assessed Land Percent: 62.26
  • Assessed Total Value: $414,817.00

Property History for 536 South Flower Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 536 South Flower Street

Taxable ValueLand$263,449Additions$159,663Total$423,112
Tax Record2023$7,678 ($640 / month)
Home Facts
Total Finished SqFt8,547 SqFtAbove Grade Finished SqFt8,547 SqFtLot Size9,625 SqFtStyleMulti-Family Res (5+ Units)Year Built1961ZoningINR3YYCountyLOS ANGELESAPN4021-037-027

Schools near 536 South Flower Street

This home is within Inglewood Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 7 to 8
Public - 9 to 12
Charter - K to 5
Rating
School
Distance
Kelso (William H.) Elementary School
PublicK to 6

Crozier (George W.) Middle School
Public7 to 8

Morningside High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Shield CRE, Inc., Jonathan Nikfarjam, DRE #01856803; Shield CRE, Inc., Gianluca Jacoli, DRE #01938297

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.