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- LoopNet Team
521 S Flower St
Inglewood, CA 90301
Land For Sale
·
0.23 AC
Investment Highlights
- Blocks away from SoFi Stadium
- Plans approved for majority three-bedroom units
- Approved plans for 12-unit apartment building
Property Facts
| Property Type | Land | Proposed Use | Apartment Units |
| Property Subtype | Residential | Total Lot Size | 0.23 AC |
| Zoning | R3 - Inglewood R3 Zoning | ||
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Apartment Units |
| Total Lot Size | 0.23 AC |
| Zoning | R3 - Inglewood R3 Zoning |
Description
Nico Rosmarin of Lyon Stahl Investment Real Estate is pleased to present 521 S Flower Street, a 12-unit redevelopment opportunity in the City of Inglewood. The plans for 521 S Flower Street are for a three-story, 11,366 SF new construction apartment building. The development site received Planning Approval from the City of Inglewood and will be Ready to Issue Permits in approximately 2-3 months. There is currently a 4-unit building on the property with one vacancy allowing the builder to continue to collect the cash flow prior to construction. The design for 521 S Flower Street is a diversified unit mix of two (2) studios, two (2) onebedroom units, one (1) two-bedroom one-bathroom unit, two (2) three-bedroom one-bathroom units, and five (5) three-bedroom two-bathroom units. One unit will be designated to low income. The design includes twelve (12) parking spots on the ground floor. Located just three blocks from SoFi Stadium, 521 S Flower offers the opportunity to build twelve large units in the heart of one of the most promising real estate submarkets in Greater Los Angeles and capitalize on the appreciation of the city’s rapid transformation.
Property Taxes
| Parcel Number | 4021-035-008 | Improvements Assessment | $318,362 |
| Land Assessment | $636,724 | Total Assessment | $955,086 |
Property Taxes
