809 Flora Drive

Inglewood, CA 90302

  • 0 Bed(s)
  • 0 Bath(s)
  • 7,199 Sqft
  • 11513
    Sqft(Lot)
$2,195,000

Description

Rare chance to acquire a meticulously maintained 9-unit complex, offered for the first time in nearly 30 years. located just blocks from ladera heights and steps from amazon fresh, chipotle, and starbucks, this pride-of-ownership property presents significant upside potential.



amenities include an on-site laundry facility, nine parking spaces, and a common-area pool. eight of the nine units have been renovated between 2009 and 2021, yet current rents remain approximately 36% below market despite increases in september 2024.



recent upgrades (2013–2022):

- pool and deck resurfacing, drainage to code

- roof replacement (2014/2019)

- new handrails, entry gate, and led carport lighting

- walkway resurfacing, concrete leveling, and exterior paint

- sb721 compliant: owner has completed the required inspections of balconies, decks, and elevated walk ways.



additional value-add potential:

under ca state bill sb1211, the property qualifies for the addition of (4) 450 sq. ft. 1bd/1ba adus, boosting cash-on-cash returns to 8.69% at pro forma rents. beginning january 2025, rental increase limits will align with california’s 5% + cpi cap, providing a pathway to market rents faster.

  • Property Type

    Residential Income

  • County

    Los Angeles

  • Style

    Residential Income

  • AD ID

    47991913

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Property Details

  • Water/Sewer

    • Water Source : Public
    • Sewer : Public Sewer

    Interior Features

    • Roof : Flat

    Cooling Features

    • None
    • Air Conditioning

    Heating Source

    • Wall Furnace
    • Has Heating

  • Building Information

    • Year Built: 1954
    • Building Area Total: 7,199
    • Roof: Flat

    Pool Features

    • In Ground,Private

    Laundry Features

    • Common Area

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.2643
    • Lot Size Source: Assessor
    • Lot Size Square Feet: 11513

  • Listing Price Information

    • Original List Price: 2,195,000
    • Listing Contract Date: 2024-12-10

    Lease Information

    • Listing Agreement: Exclusive Right To Sell

  • Tax Information

    • Parcel Number: 4017020013

  • Garage and Parking

    • Garage Description: Covered

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable
    • Tenant Pays: Electricity,Gas

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: 101 - North Inglewood
    • Directions: La Cienega & Cory Drive
    • Zoning: INR3YY
    • Source Property Type: Residential Income
    • Area: 101 - North Inglewood
    • Property SubType: Mixed Use

    Building and Construction

    • Property Age: 70
    • Common Walls: No Common Walls
    • Structure Type: Mixed Use
    • Year Built Source: Assessor
    • Entry Level: 1
    • Entry Location: Ground
    • Levels or Stories: Two
    • Building Total Stories: 2
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BuyOwner last updated this listing 12/18/2024 @ 02:03

  • MLS: RS24247822
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 0 bedrooms which is for sale, it has 7,199 sqft, 11,513 sized lot, and 0 parking. A comparable Home, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of Inglewood , in zip code 90302, this Los Angeles County Home are nearby neighborhoods.