CA > Inglewood
Inglewood, CA 90302,809 Flora DR
Inglewood, CA 90302,809 Flora DR
Inglewood, CA 90302,809 Flora DR
11
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$2,050,000
$2,150,000 4.7%
Est. payment /mo
0.26 Acres Lot
Sold on 04/24/2025

809 Flora DR Inglewood, CA 90302

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Jenny Wu
Jenny Wu

Agent | License ID: 01817291

+1(909) 569-8888

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Key Details

Sold Price $2,050,000

Property Type Single Family Home

Sub Type Mixed Use

Listing Status Sold

Purchase Type For Sale

MLS Listing ID RS24247822

Sold Date 04/24/25

HOA Y/N No

Year Built 1954

Lot Size 0.264 Acres

Property Sub-Type Mixed Use

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

Fireplace No

Laundry Common Area

Exterior

Parking Features Covered

Carport Spaces 9

Pool In Ground, Private

Community Features Storm Drain(s), Street Lights, Sidewalks, Urban

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

Roof Type Flat

Total Parking Spaces 9

Private Pool Yes

Building

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 4017020013

Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange

Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange

Financing Cash to New Loan

Special Listing Condition Standard

CRMLS – RECore
Listed by Andrew McAllister eXp Realty of Greater L.A 925-683-9203
Bought with Andrew McAllister eXp Realty of Greater L.A

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agent

Jenny Wu

Agent | License ID: 01817291

+1(909) 569-8888

Name
Phone*
Message
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809 Flora DR

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