Inglewood, CA 90302,809 Flora Drive
Inglewood, CA 90302,809 Flora Drive
Inglewood, CA 90302,809 Flora Drive
Inglewood, CA 90302,809 Flora Drive
Inglewood, CA 90302,809 Flora Drive
Inglewood, CA 90302,809 Flora Drive
Darren Humphrey
Darren Humphrey

REALTOR®/ Shareholder | Lic# DRE 01724424

+1(805) 660-9459

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Listed by Andrew McAllister • eXp Realty of Greater L.A

$ 2,050,000

$ 2,150,000 4.7%

Est. payment | /mo

7,199 SqFt


$ 2,050,000

$ 2,150,000 4.7%

Est. payment | /mo

7,199 SqFt

Key Details

Sold Price $2,050,000

Property Type Single Family Home

Sub Type Commercial/Residential

Listing Status Sold

Purchase Type For Sale

Square Footage 7,199 sqft

Price per Sqft $284

MLS Listing ID RS-24247822

Sold Date 04/24/25

Year Built 1954

Lot Size 0.264 Acres

Property Sub-Type Commercial/Residential

Property Description

*Price Reduction Motivated Seller *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 35% 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 8.44% 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.

Location

State CA

County Los Angeles

Area 101 - North Inglewood

Zoning INR3YY

Interior

Heating Wall Furnace

Cooling None

Laundry Common Area

Exterior

Parking Features Covered

Pool Private, In Ground

Community Features Sidewalks, Storm Drains, Street Lights, Urban

Utilities Available Sewer Connected, Water Connected, Electricity Connected, Natural Gas Connected

Building

Lot Description Lot 10000-19999 Sqft

Sewer Public Sewer

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agent
Darren Humphrey

REALTOR®/ Shareholder | Lic# DRE 01724424

+1(805) 660-9459

2555 Townsgate Road #200, Westlake Village, CA, 91361

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809 Flora Drive