1237 Flower StInglewood, CA 90301

This 3,168 sq ft mixed-use building in Inglewood, CA, offers a compelling investment opportunity. Currently operating at 100% occupancy with 12 individual units, each featuring a vanity, toilet, and walk-in shower, the property boasts a 3.47% cap rate and a pro-forma cap rate of 5.32%. The asking price is $1,850,000, translating to $583.96 per square foot. Built in 1961, this two-story building sits on a 3,951 sq ft lot, with a land value of $468.24 per square foot. The property includes 7 gated parking spaces and benefits from ample street parking. Located near major attractions like SoFi Stadium, Intuit Dome, and The Forum, it enjoys convenient access to I-405, LAX Airport, and public transportation. The INC2YY zoning allows for adaptive reuse, including potential conversion to a boutique hotel or medical facility. The current NOI is $64,204, with a pro-forma NOI of $98,404. This presents a rare chance to acquire a generational asset in a rapidly developing area, capitalizing on Inglewood's upward trajectory. The property's location offers easy access to major transportation hubs, and its versatile zoning caters to various redevelopment opportunities. This is an exceptional opportunity for an owner/user or investor seeking a high-return property in a prime location.