709 South Flower Street

Inglewood, CA 90301

$1,750,000
Last Sold Price
13
Beds
12
Baths
6,830 Sq. Ft.
$256 / Sq. Ft.
6,830
Sq. Ft.
$256
per Sq. Ft.

Description

-Located within a Half-Mile of SoFi Stadium & The Forum -Less Than 1-Mile from the Proposed $1.2 Billion Clippers Arena -Centrally Located Near LAX Airport, Crenshaw/LAX Metro Station and Hollywood Park Development -Outstanding Unit Mix -All Tenants are Current on Rent -Approximately 42% in Projected Rental Upside -6.46% Pro-Forma Cap Rate & 10.79 Pro-Forma GRM -Close Proximity to Retail Shops, Dining & Entertainment of Manchester Boulevard & La Brea Avenue -Approximately 2.5-Miles from SpaceX Headquarters...-Located within a Half-Mile of SoFi Stadium & The Forum -Less Than 1-Mile from the Proposed $1.2 Billion Clippers Arena -Centrally Located Near LAX Airport, Crenshaw/LAX Metro Station and Hollywood Park Development -Outstanding Unit Mix -All Tenants are Current on Rent -Approximately 42% in Projected Rental Upside -6.46% Pro-Forma Cap Rate & 10.79 Pro-Forma GRM -Close Proximity to Retail Shops, Dining & Entertainment of Manchester Boulevard & La Brea Avenue -Approximately 2.5-Miles from SpaceX Headquarters & Tesla Design Center -Newer Windows, Sound Insulation Retrofit for AC/Heater Units, Newly Painted Building, 7 Parking Spaces & On-Site Laundry Facility -SoFi Stadium Scheduled to Host Superbowl LVI in 2022 and Opening & Closing Ceremonies for 2028 Olympics -Clippers Arena Projected to Open for 2024-2025 NBA Season
  1. Listed by Jonathan Nikfarjam • DRE #01856803 • Brokerage DRE #01856803 • Shield CRE, Inc.

Property Details for 709 South Flower Street

Zoning
INR3YY
Cross Streets
Flower Street & La Palma Drive
Parcel Number
4021042003
Total Units
7.0
Living Area
6830
Source Living Area
Estimated
Area
North Inglewood (101)
Vacancy Rate
0

Location

Listing Courtesy of Shield CRE, Inc., Jonathan Nikfarjam, DRE #01856803

Sold By Shield CRE, Inc., Jonathan Nikfarjam, DRE #01856803

Add your commute
LISTING UPDATED: 08/05/2021 03:40 PM

Property Details for 709 South Flower Street

StatusSold
MLS #21-714830
Days on Market17
Taxes$26,600 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1960
Lot Size0.20 AC / 8,639 SF
CountyLos Angeles County

Location

Listing Courtesy of Shield CRE, Inc., Jonathan Nikfarjam, DRE #01856803

Sold By Shield CRE, Inc., Jonathan Nikfarjam, DRE #01856803

Add your commute

Building Information for 709 South Flower Street

Stories2Residences-Year Built1960Building Size-Lot Size0.20 AC / 8,639 SF

Payment Calculator

$11,767 per month

30 year fixed, 7.25% Interest

Principal and Interest

$9,550

Property Taxes

$2,217

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 709 South Flower Street

Community / Development
Community / Development
  • Number Of Units: 7
  • 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 BDR
  • Water Heaters: Yes
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: $118,267
  • Net Operating Income: $73,056.00
  • Gross Income: $124,492
  • Cap Rate: 3.85%
  • Gross Rent Multiplier: $15.34
  • Actual Annual Gross Rent: $123,875.00
  • Actual Rent Total: $123,875.00
  • Vacancy Allow Dollar: $6,224.00
  • Vacancy Allow Percent: 5.00%
  • Total Annual Expense: 45211
Land / Lot Info
Land / Lot Info
  • Additional Parcel Number: No
  • Alley: Yes
  • Paved: Yes
  • Lot Acreage: 0.1989
  • Lot Size Square Feet: 8639
  • Lot Size Dimensions: 45x192
  • Source Lot Size Dimensions: Other
Parking Details
Parking Details
  • Parking Garage: Assigned
  • Total Parking: 7
  • Covered Parking: 7
  • Parking Features: Assigned
Interior Features
Interior Features
  • Cooling Type: Air Conditioning
  • Heating Type: Other
  • Equipment: Other
  • Common Walls: Attached
  • Laundry: Community
Exterior Features
Exterior Features
  • Other Structures: Other
Lease Terms
Lease Terms
  • Entry Date: 04-05-2021
Unit Details
Unit 1 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $1,623.00
  • Unit Actual Rent: $1,623.00
  • Unit Projected Rent: $2,600.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $1,419.00
  • Unit Actual Rent: $1,419.00
  • Unit Projected Rent: $2,195.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $1,419.00
  • Unit Actual Rent: $1,419.00
  • Unit Projected Rent: $2,195.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $1,419.00
  • Unit Actual Rent: $1,419.00
  • Unit Projected Rent: $2,195.00
  • Like Units: 1
Unit 5 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $1,745.00
  • Unit Actual Rent: $1,745.00
  • Unit Projected Rent: $2,195.00
  • Like Units: 1
Unit 6 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,201.00
  • Unit Actual Rent: $1,201.00
  • Unit Projected Rent: $1,650.00
  • Like Units: 1
Unit 7 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,493.00
  • Unit Actual Rent: $1,493.00
  • Unit Projected Rent: $1,650.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109, 2110, 2111, 2112
  • Number of Electric Meters: 7
  • Number of Gas Meters: 7
Tax and Assessed Info
Tax and Assessed Info
  • Tax Percent: 1.40%
  • Assessed Improvement Value: $1,362,924.00
  • Assessed Improvement Percent: 69.87
  • Assessed Land Value: $587,826.00
  • Assessed Land Percent: 30.13
  • Assessed Total Value: $1,950,750.00

Property History for 709 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 709 South Flower Street

Taxable ValueLand$1,428,000Additions$357,850Total$1,785,850
Tax Record2023$24,262 ($2,022 / month)
Home Facts
Total Finished SqFt6,830 SqFtAbove Grade Finished SqFt6,830 SqFtLot Size8,662 SqFtStyleMulti-Family Res (5+ Units)Year Built1960ZoningINR3YYCountyLOS ANGELESAPN4021-042-003

Schools near 709 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

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.