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    4-Unit Residential Income Property Title is generated by Realmo AI

    532 S Flower St, Inglewood, CA 90301

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    For Sale
    $1,699,800

    Extensively improved fourplex with a vacant front unit, tenant-occupied rear units, and multiple upgrades including a 2022 roof.

    Type:Investment
    Lot size:
    0.22 Acres
    Added:
    Jun 4, 2026
    Days on Market:
    3
    Last Refresh:
    Jun 6 at 3:58 am

    Property Features for 532 S Flower St

    General Information

    Standard status
    Active
    Lot size
    0.22 Acres
    Property subtype
    Investment

    Building Details

    Year Built
    1928

    We can help!

    Listing Contact
    Chloe Cosnier

    Listing agent Chloe Cosnier License #01965474

    Listing office RE/MAX TERRASOL

    Listing date Jun 4, 2026

    Source Elliman

    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 RE/MAX TERRASOL

    HighLights

    • Extensively improved 4‑unit property on a 9,627 SF R3‑zoned lot
    • Front house will be delivered vacant at close of escrow for flexible owner‑occupant use
    • Three rear units are tenant occupied, providing immediate rental income
    • Recent upgrades include a new roof installed in 2022, updated kitchen, permitted kitchenette, and upgraded electrical panel
    • Approved for RSIP upgrades scheduled for early 2027 (transferable), including upgraded HVAC, doors, and dual/triple pane windows
    • Four attached single‑car garages provide on‑site parking and storage

    Overview

    This extensively improved four-unit residential income property is set on a spacious 9,627 square foot lot zoned R3. The layout includes a front house that will be delivered vacant at the close of escrow, along with three rear units that are tenant occupied, supporting rental income from day one. The property is professionally managed and operated, with recent capital improvements that include a new roof installed in 2022, a permitted kitchenette in the main house, an updated kitchen in the main house, and an upgraded electrical panel. The home also offers four attached single-car garages for parking and storage.

    The location places the property just moments from SoFi Stadium, the Kia Forum, and Hollywood Park, with ongoing redevelopment transforming the surrounding Inglewood area. Additionally, the property has been approved for further enhancements through the Residential Sound Insulation Program (RSIP), scheduled for installation in early 2027 and transferable to the next owner.

    For buyers seeking a versatile structure, the vacant owner’s unit at closing can support owner-occupancy, while the three rear units remain in place. RSIP improvements are planned to include upgraded HVAC systems, new interior and exterior doors, and dual and triple pane windows at no cost to the buyer. Buyers may also wish to evaluate the possibility of future ADU conversion, subject to city requirements and approvals.
    Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Inglewood
    County
    Los Angeles
    State
    California
    Longitude
    -118.346565
    Latitude
    33.9573128

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    FAQs

    What type of property is this?
    Quadplex - Extensively improved fourplex with a vacant front unit, tenant-occupied rear units, and multiple upgrades including a 2022 roof.
    Where is this quadplex located?
    The property is located at 532 S Flower St Inglewood, CA.
    What is the asking price?
    The asking price for this property is $1,699,800.
    What are key features of this property?
    This property features: Extensively improved 4‑unit property on a 9,627 SF R3‑zoned lot; Front house will be delivered vacant at close of escrow for flexible owner‑occupant use; Three rear units are tenant occupied, providing immediate rental income
    (714) 536-6529
    We can help!
    Listing Contact
    Chloe Cosnier
    Real Estate License ID: 01965474
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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