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809 Flora Dr
Inglewood, CA 90302
34% Upside & Potential to Build 4+ ADUs · Multifamily Property For Sale
·
9 Units
Investment Highlights
- Take Advantage of CA SB1211 and Build at Least (4) new ADU's
- 11.06% Pro Forma Cap Rate & 6.51 GRM (Assumes Stabilized Market Rents & four ADUs)
- Pride of ownership: Meticulously maintained by current ownership (see OM for details)
- Cap Rate All Rents at Market - 6.95% (Without ADU's)
- Value add opportunity. Approximately 35% in Organic Rental Upside
- (9) On-Site Covered Parking Spaces, Remodeled Pool, New Pergola Sitting Area, On-Site Laundry
Property Facts
| No. Units | 9 | Building Size | 7,199 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1954/2022 |
| Building Class | C | Parking Ratio | 1.25/1,000 SF |
| Lot Size | 0.26 AC | ||
| Zoning | R3, Inglewood - Multiple Dwelling | ||
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.26 AC |
| Building Size | 7,199 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1954/2022 |
| Parking Ratio | 1.25/1,000 SF |
| Zoning | R3, Inglewood - Multiple Dwelling |
Amenities
Unit Amenities
- Air Conditioning
- Storage Space
- Heating
- Kitchen
- Oven
- Range
Site Amenities
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Pool
- Security System
- Tenant Controlled HVAC
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 7 | - | - |
| 2+1 | 1 | - | - |
| 3+2.5 | 1 | - | - |
Property Taxes
| Parcel Number | 4017-020-013 | Improvements Assessment | $472,506 |
| Land Assessment | $292,329 | Total Assessment | $764,835 |
Property Taxes
Parcel Number
4017-020-013
Land Assessment
$292,329
Improvements Assessment
$472,506
Total Assessment
$764,835
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