809 Flora Drive, Inglewood, CA 90302 - Berkshire Hathaway HomeServices California Properties

809 Flora Drive, Inglewood, CA 90302

$2,150,000 Approx. USD 0 beds, 0 baths

Listing Agent


Andrew McAllister | drew@nrecommercial.com
Lic#: 01946829
Broker: Courtesy of eXp Realty of Greater L.A

Agent Remarks

*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.

Listing Details

Property type: Mixed Use (Multi-Family)
Status: Pending
MLS# RS24247822
List price is $2,150,000 Reduced by $45,000 on 1/14/2025
Price: $2,150,000
Beds: 0
Baths: 0
Built in 1954
2 stories
0.26 acres
Lot size: 0.2643
County: Los Angeles
Zoning: INR3YY
Parking description: Covered
Heating/cooling: None
Heating description: Wall Furnace
MLS area: 101 - North Inglewood

Last Updated: 4/9/2025

 Days On Market (DOM): 107

 Find more Inglewood homes and real estate

 Find more homes in 90302 zip code

This listing belongs to the 101 - North Inglewood MLS area

Lat/Long: 33.970514, -118.369166.
Find nearby listings

DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

90302 Area Map

Demographics

Schools

Near by

Similar Listings