521 S Flower St Inglewood, CA 90301

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.