809 Flora Drive
Inglewood, CA 90302
- – beds
- – baths
- – sqft
- 11,513 sqft lot
- 1954 build
- – on site
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.
Listed By CRMLS_CA / Andrew McAllister / eXp Realty of Greater L.A / 925-683-9203
Last checked:
Checking…
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Last updated Dec 16, 2024
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MLS# RS24247822 —
The Building
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Year Built:1954
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Year Built Source:Assessor
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New Construction:No
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Building Area Total:7199.00
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Building Area Units:Square Feet
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Total Number Of Units:9
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# of Buildings:1
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Roof:Flat
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Stories Total:2
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Entry Level:1
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Common Walls:No Common Walls
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# of Separate Gas Meters:10
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# of Separate Water Meters:1
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# of Separate Electric Meters:10
Interior
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Levels:Two
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Entry Location:Ground
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Laundry:Common Area
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Laundry:1
Financial & Terms
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Disclosures:City Inspection Required
Location
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Directions:La Cienega & Cory Drive
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Latitude:33.97051400
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Longitude:-118.36916600
The Property
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Property Type:Residential Income
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Subtype:Commercial/Residential
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Zoning:INR3YY
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Lot Features:Lot 10000-19999 Sqft
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Lot Size Area:11513.0000
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Lot Size Acres:0.2643
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Lot Size SqFt:11513.00
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Lot Size Source:Assessor
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Additional Parcels:No
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Land Lease:No
Listing Agent
- Contact info:
- No listing contact info available
Taxes
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Tax Census Tract:6013.02
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Tax Area:4569
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Tax Tract:18340
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Tax Lot:13
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Tax Rate:1.25
The Listing
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Special Listing Conditions:Standard
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Parcel Number:4017020013
Heating & Cooling
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Heating:1
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Heating:Wall Furnace
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Cooling:No
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Cooling:None
Utilities
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Utilities:Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
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Sewer:Public Sewer
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Water Source:Public
The Community
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Features:Sidewalks, Storm Drains, Street Lights, Urban
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Pool:Private, In Ground
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Senior Community:No
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Private Pool:Yes
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Spa Features:None
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Assessments:Yes
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Assessments:Special Assessments, Buyer to Verify
Parking
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Parking:Yes
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Parking:Covered
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Parking Spaces:9.00
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Carport Spaces:9.00
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
12/11/24
Dec 11, 2024
|
Listed / Active | CRMLS_CA | $2,195,000 | |
1/24/22
Jan 24, 2022
|
Listed / Active | CRMLS_CA |