Professionally Managed
For Sale
$1,599,800
532 S Flower Street, Inglewood, CA 90301
Four occupied units, attached garages, and planned RSIP upgrades support an established residential income property.
Property Size4,424 SF
Lot Size0.22 Acres
Days on Market135
Property Features for 532 S Flower Street
General Information
Standard status
Active
Size
4,424 SF
Total Parking Spaces
4
Lot size
0.22 Acres
Property subtype
Quadruplex
Zoning
R3
Occupancy
100%
Additional Details
Multifamily Units
4
Building Details
Building Size
4,424 SF
Year Built
1928
Tenancy
Multi
Listing Agency:
RE/MAX TerraSol
Listed By:
Gene Smith · License #01965474
(714) 536-6529
Source:
Archetyperealty
Added: Jun 2
Changed: Oct 8
Last Checked: Oct 13 at 2:34AM
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
Investment Insights
Based on property information with market context.
This four-unit residential property in Inglewood is fully occupied and professionally managed. The improvements include a roof installed in 2022, a permitted kitchenette and updated kitchen in the main house, and an upgraded electrical panel. Each unit is served by an attached single-car garage, providing four total garages for parking and storage.
The property occupies a 9,627 square foot lot with R3 zoning at 532 S Flower Street. It is located near SoFi Stadium, the Kia Forum, and Hollywood Park. The property has also received approval through the Residential Sound Insulation Program, with installation scheduled for early 2027. The approved work includes upgraded HVAC systems, new interior and exterior doors, and dual- and triple-pane windows, with the improvements transferable to the next owner. Future ADU conversion may be explored subject to city requirements and approvals.
The property occupies a 9,627 square foot lot with R3 zoning at 532 S Flower Street. It is located near SoFi Stadium, the Kia Forum, and Hollywood Park. The property has also received approval through the Residential Sound Insulation Program, with installation scheduled for early 2027. The approved work includes upgraded HVAC systems, new interior and exterior doors, and dual- and triple-pane windows, with the improvements transferable to the next owner. Future ADU conversion may be explored subject to city requirements and approvals.
Key Highlights
- Fully leased four‑unit property with professional management
- 9,627 square foot R3‑zoned lot in Inglewood
- Four attached single‑car garages
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$62,758
Cap Rate
3.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,255,160
$1.3M
Cap Rate 7%
$896,543
$896.5K
Cap Rate 9%
$697,311
$697.3K
Market Conditions
NOI Build-Up for 4,424 SF
Gross rent
$90.2K $20.40/SF
− Vacancy
−$596 −$0.13/SF
EGI
$89.7K $20.27/SF
− OpEx
−$26.9K −$6.08/SF
NOI
$62.8K $14.19/SF
Area
Inglewood, CA
Vacancy
0.66%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,255,160
Cap Rate 7%
$896,543
Cap Rate 9%
$697,311
Alternative Uses
Best Use
Multifamily LT 5
$896.5K
$784.5K – $1.05M
NOI $62,758 @ 7.0% cap · market cap 3.92%
Second Best
Apartment 5plus
$782.8K
$685.0K – $913.3K
NOI $54,799 @ 7.0% cap · market cap 3.43%
Theoretical Best
Office A
$1.80M
$1.58M – $2.11M
NOI $126,349 @ 7.0% cap · market cap 7.90%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
4
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,549
Businesses Nearby
Explore this area
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
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Frequently Asked Questions
What type of property is this?
Quadplex - Four occupied units, attached garages, and planned RSIP upgrades support an established residential income property.
Where is this quadplex located?
The property is located at 532 S Flower Street Inglewood, CA.
What is the asking price?
The asking price for this property is $1,599,800.
What are key features of this property?
This property features: Fully leased four‑unit property with professional management; 9,627 square foot R3‑zoned lot in Inglewood; Four attached single‑car garages
