26-Unit Apartment
For Sale
$6,500,000
Pending
1026 S Flower Street, Inglewood, CA 90301
Two remodeled buildings offer a mix of one-, two-, and three-bedroom residences, along with carport parking.
Property Size17,421 SF
Days on Market13
Property Features for 1026 S Flower Street
General Information
Standard status
Pending
Size
17,421 SF
Property subtype
ResidentialIncome
Zoning
INRM*
Site & Location
Neighborhood
Sports Village
Additional Details
Multifamily Units
26
Tenant in Place
Yes
Amenities
true
29
2
40
Assessor
false
26701
26
117x234
0.613
Other
ControlledEntrance,Carport
17421
Building Details
Building Size
17,421 SF
Year Built
1960
Buildings
2
Stories
2
Listing Agency:
McAlpin & Company
Listed By:
Enedina Sanchez
Source:
Darrrealestate
Added: Oct 20
Changed: Oct 28
Last Checked: Oct 31 at 3:11AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of McAlpin & Company
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Investment Insights
Based on property information with market context.
The offering combines two apartment buildings at 1018 and 1026 S. Flower Street, totaling 26 units. The residences include one-, two-, and three-bedroom layouts, and all units have been remodeled within the last 10 years. Property information reports 17,421 square feet on a 0.613-acre site, with controlled entry and carport parking.
The buildings are offered together in Inglewood, two blocks from the Hollywood Park community. Zoning is INRM*, and the buildings were constructed in 1960.
The buildings are offered together in Inglewood, two blocks from the Hollywood Park community. Zoning is INRM*, and the buildings were constructed in 1960.
Key Highlights
- Two buildings offered together at 1018 and 1026 S. Flower Street
- 26 apartments with one-, two-, and three‑bedroom layouts
- All units remodeled within the last 10 years
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$215,788
Cap Rate
3.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,315,760
$4.3M
Cap Rate 7%
$3,082,686
$3.1M
Cap Rate 9%
$2,397,644
$2.4M
Market Conditions
NOI Build-Up for 17,421 SF
Gross rent
$395.1K $22.68/SF
− Vacancy
−$2.8K −$0.16/SF
EGI
$392.3K $22.52/SF
− OpEx
−$176.6K −$10.13/SF
NOI
$215.8K $12.39/SF
Area
Inglewood, CA
Vacancy
0.70%
Lease Rate
$22.68 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,315,760
Cap Rate 7%
$3,082,686
Cap Rate 9%
$2,397,644
Alternative Uses
Best Use
Apartment 5plus
$3.08M
$2.70M – $3.60M
NOI $215,788 @ 7.0% cap · market cap 3.32%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$7.11M
$6.22M – $8.29M
NOI $497,544 @ 7.0% cap · market cap 7.65%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Lease Details
26
Residential units
Location Intelligence
Trade Area within ½ mile
1,716
Businesses Nearby
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Business Placement
Demographics for 90301, CA
36,270
Population
12,884
Households
2.8
Avg Household Size
37
Median Age
20%
College-Educated
73%
High-School Grad
2.5 sq mi
ZIP Area
14,508
Density / Sq Mi
$62,991
Median Household Income
$33,884
Median Earnings
$1,658
Median Rent
$698,300
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Two remodeled buildings offer a mix of one-, two-, and three-bedroom residences, along with carport parking.
Where is this apartment building located?
The property is located at 1026 S Flower Street Inglewood, CA.
What is the asking price?
The asking price for this property is $6,500,000.
What are key features of this property?
This property features: Two buildings offered together at 1018 and 1026 S. Flower Street; 26 apartments with one-, two-, and three‑bedroom layouts; All units remodeled within the last 10 years
