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    521 Flower St Inglewood, CA 90301

    Sponsored
    For Sale
    $1,350,000

    12-Unit Apartment Project, Ready to Build

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 10,000 square foot lot at 521 S Flower Street, Inglewood, CA 90301, presents a prime redevelopment opportunity. Currently featuring a four-unit building with one vacancy, generating immediate cash flow, this property boasts recently approved plans for a three-story, 11,366 square foot apartment complex. The project is poised for swift construction, with permits anticipated within 2-3 months. The meticulously designed building will include a diverse mix of twelve units: two studios, two one-bedroom, one two-bedroom/one-bathroom, two three-bedroom/one-bathroom, and five three-bedroom/two-bathroom units. One unit will be designated for low-income residents. Twelve on-site parking spaces are included in the design. Located just three blocks from SoFi Stadium, this property offers unparalleled access to the vibrant Inglewood market, capitalizing on the area's rapid growth and transformation. The land is zoned INR3 and the asking price is $1,350,000, representing a land value of $135.22 per square foot. This is a rare chance to acquire a fully permitted project in a high-demand location, ready for immediate development and poised for significant return on investment. The APN is 4021-035-008.

    Property Features for 521 Flower St

    General Information

    Property type
    Land

    HighLights

    • Prime location, blocks from SoFi Stadium.
    • Ready for tenant occupancy within three months.
    • Excellent unit mix: 2 studios, 2 one‑bedrooms, 1 two‑bedroom/one‑bath, 2 three‑bedroom/one‑bath, and 5 three‑bedroom/two‑bath units.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Inglewood
    County
    Los Angeles
    State
    California
    Longitude
    -118.3472462
    Latitude
    33.9577645

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    FAQs

    What type of property is this?
    Land - 12-Unit Apartment Project, Ready to Build
    Where is this land located?
    The property is located at 521 Flower St Inglewood, CA.
    What is the asking price?
    The asking price for this property is $1,350,000.
    What are key features of this property?
    This property features: Prime location, blocks from SoFi Stadium.; Ready for tenant occupancy within three months.; Excellent unit mix: 2 studios, 2 one-bedrooms, 1 two-bedroom/one-bath, 2 three-bedroom/one-bath, and 5 three-bedroom/two-bath units.
    (424) 226-9449
    Request Owner's contact information
    521 Flower St Inglewood, CA 90301
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    Inglewood, CA 90301
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    Realmo Value Estimation

    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.

    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.

    Alternative use

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

    More about this property
    521 Flower St Inglewood, CA 90301
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