1237 S Flower St
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1237 S Flower St
3,168 SF 83% Leased Office Building Inglewood, CA 90301 £1,461,518 (£461/SF) 3.47% Net Initial Yield
Investment Highlights
- Office, Medical, Boutique Motel Uses All Permitted
- Adaptive Re-Use Opportunity | Perfect for Boutique Motel Conversion
- Priced Attractively at Below $150,000/Unit
- Gated Parking for ±7 Vehicles | Ample Street Parking Available
- Each Unit Has Own Vanity, Bathroom, and Walk-In Shower
- Walking Distance to SoFi Stadium, Intuit Dome, The Forum, & Hollywood Park Casino
Executive Summary
Elijah Suval and Daniel Hirth of The Hirth Group have been exclusively selected to market for sale 1237 S Flower St, Inglewood, CA 90301—a versatile 3,168 SF commercial property situated on an estimated 3,951 SF lot. Currently operated as an investment property, it offers 12 individual offices, each equipped with a vanity, toilet, and walk-in shower.
With all tenants on short-term leases, a new owner has the flexibility to quickly implement their vision for the property. The site features 7 gated parking spaces (6 regular + 1 handicap) and ample street parking.
Given the zoning, the property offers various redevelopment opportunities, including potential use as a boutique hotel, transitional housing, or for medical purposes. This is an exceptional opportunity to acquire a rare, generational asset in one of the nation's most prolific submarkets.
With all tenants on short-term leases, a new owner has the flexibility to quickly implement their vision for the property. The site features 7 gated parking spaces (6 regular + 1 handicap) and ample street parking.
Given the zoning, the property offers various redevelopment opportunities, including potential use as a boutique hotel, transitional housing, or for medical purposes. This is an exceptional opportunity to acquire a rare, generational asset in one of the nation's most prolific submarkets.
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
£79,633
|
£25.14
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
£79,633
|
£25.14
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
£28,911
|
£9.13
|
| Net Operating Income |
£50,722
|
£16.01
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | £79,633 |
| Annual Per SF | £25.14 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | £79,633 |
| Annual Per SF | £25.14 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | £28,911 |
| Annual Per SF | £9.13 |
| Net Operating Income | |
|---|---|
| Annual | £50,722 |
| Annual Per SF | £16.01 |
Property Facts
Sale Type
Investment or Owner User
Sale Condition
Development Sale
Property Type
Office
Property Subtype
Office/Residential
Building Size
3,168 SF
Building Class
C
Year Built
1961
Price
£1,461,518
Price Per SF
£461
Net Initial Yield
3.47%
NOI
£50,722
Percent Leased
83%
Tenancy
Multiple
Number of Floors
2
Typical Floor Size
264 SF
Building FAR
0.81
Land Acres
0.09 AC
Zoning
INC2YY - Hotel And Motel - Motel Under 50 Rooms
Parking
9 Spaces
1 of 1
Walk Score ®
Very Walkable (74)
PROPERTY TAXES
| Parcel Number | 4024-039-016 | Improvements Assessment | £402,390 (2024) |
| Land Assessment | £869,162 (2024) | Total Assessment | £1,271,552 (2024) |
PROPERTY TAXES
Parcel Number
4024-039-016
Land Assessment
£869,162 (2024)
Improvements Assessment
£402,390 (2024)
Total Assessment
£1,271,552 (2024)
-
Elijah Suval -
Daniel Hirth -
The Hirth Group-KW Commercial
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1237 S Flower St
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