Great opportunity to own an extensively improved 4 unit property situated on a spacious 9,627 square foot R3 zoned lot, just moments from SoFi Stadium, the Kia Forum, Hollywood Park, and the ongoing redevelopment transforming Inglewood. The property features a front house that will be delivered vacant at the close of escrow, creating exceptional flexibility for an owner occupant, investor, short term rental operator, or tenant seeking market rent. The three rear units are tenant occupied, providing immediate and stable rental income from day one. This turn key asset has benefited from thoughtful upgrades and improvements and is professionally managed and operated. Recent enhancements include a new roof installed in 2022, a permitted kitchenette in the main house, an updated kitchen in the main house, and an upgraded electrical panel. The property has also been approved for additional improvements through the Residential Sound Insulation Program (RSIP). Scheduled for installation in early 2027, and transferable to the next owner, these improvements include upgraded HVAC systems, new interior and exterior doors, and dual and triple pane windows, representing a substantial future benefit at no cost to the buyer. The property also offers four attached single car garages, creating valuable parking and storage options. Buyers may wish to explore the potential for future ADU conversion, subject to city requirements and approvals, adding another layer of long term upside. With strong in place income, a vacant owner's unit, significant recent capital improvements, development friendly R3 zoning, and a premier location in one of Southern California's most dynamic growth corridors, this property presents an exceptional combination of current cash flow and future appreciation potential. This one is a slam dunk and truly does not disappoint.
Listed by Gene Smith
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License #01965474
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RE/MAX TerraSol
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949-395-7552
Listed by Chloe Cosnier
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License #02430598
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RE/MAX TerraSol
Last updated June 15, 2026
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Source: CRMLS #OC26117008
Listing Facts
TypeMulti-family
NeighborhoodInglewood
Days on Prevu14
Amenities
Air Conditioning
Parking
Location
Mortgage Calculator
Listing History
06/15/2026
Price Decreased
$1,649,800
06/03/2026
Status changed to Active
$1,699,800
06/02/2026
Status changed to Temporarily Off Market
$1,699,800
06/02/2026
Listed by RE/MAX TerraSol
$1,699,800
Property Details for 532 S Flower Street
Association
Amenities
Community Features: Street Lights, Sidewalks
Exterior
Construction
Number Of Units Total: 4
Property Condition: Turnkey
Roof: Asphalt
Stories: 2
Stories Total: 1
Window Features: Double Pane Windows
Year Built: 1928
Common Walls: No Common Walls
Entry Level: 1
Entry Location: 1
Features
View: Neighborhood
Measurements
Building Area Total: 4,424
Building Area Units: Square Feet
Lot Features: Level, Rectangular Lot
Lot Size Acres: 0.22
Lot Size Area: 9,615
Lot Size Source: Assessor
Lot Size Square Feet: 9,615
Lot Size Units: Square Feet
Financial
Residential Income
Cap Rate: 7.4
Gross Income: $122,484.00
Operating Expense: $19,900.00
Taxes
Parcel Number: 4021037028
Interior
Features
Flooring: Laminate
Other
General
Exclusions: Negotiable
Location
Tax Block: 340
Tax Lot: 16
Parking
Parking
Garage Spaces: 4
Garage: Yes
Open Parking Spaces: 2
Parking Features: Driveway, Garage
Parking Total: 6
Utilities
Equipment
Cooling: Central Air
Has Cooling: Yes
Heating: Forced Air
Has Heating: Yes
Laundry Features: Inside
Sewer: Public Sewer
Water Source: Public
Frequently Asked Questions
How many bedrooms does this multi-family home have?
There is bedrooms in this multi-family home at 532 S Flower Street.
Does this multi-family home have parking?
Yes, there are 4 parking spaces available for 532 S Flower Street.
How does 532 S Flower Street compare to other multi-family homes in Inglewood?
This multi-family home is listed 17% above the average price for multi-family homes in Inglewood and has been on the market for 53 less days than the typical home in this area.
532 S Flower Street is a -bedroom multi-family home for sale in Inglewood CA 90301. Available on Prevu for 14 days at $1,649,800. This includes a recent price decrease of $50,000. This property is located in Inglewood. The median listing price for multi-family homes in this area is $949,000. Property amenities include air conditioning and parking. Browse more multi-family home listings in California.
Based on information from California Regional Multiple Listing Service, Inc. and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.
Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.