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521 S Flower St 0.23 Acres of Residential Land Offered at $1,065,000 in Inglewood, CA 90301
Investment Highlights
- Blocks away from SoFi Stadium
- Located in one of the fastest growing submarkets of Los Angeles County
- Plans Approved
Property Facts
| Price | $1,065,000 | Property Subtype | Residential |
| Sale Type | Investment | Proposed Use | Apartment Units |
| No. Lots | 1 | Total Lot Size | 0.23 AC |
| Property Type | Land | ||
| Zoning | R3 - Inglewood R3 Zoning | ||
| Price | $1,065,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Apartment Units |
| Total Lot Size | 0.23 AC |
| Zoning | R3 - Inglewood R3 Zoning |
1 Lot Available
Lot
| Price | $1,065,000 | Lot Size | 0.23 AC |
| Price Per AC | $4,647,509.33 |
| Price | $1,065,000 |
| Price Per AC | $4,647,509.33 |
| Lot Size | 0.23 AC |
INR3 lot with plans to build a 12-unit apartment building. Unit mix of two (2) studios, two (2) one-bedroom units, one (1) two-bedroom/ one-bathroom unit, two (2) three-bedroom one-bathroom units, and five (5) three-bedroom two-bathroom units.
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) one-bedroom/one-bathroom 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
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521 S Flower St
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