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1026 South Flower Street

Updated Dec 4, 2024

Enedina Sanchez & Jerome McAlpin Facilitate $6.5M Sale Of Inglewood Multifamily Asset
SOLDMultiFamily

Enedina Sanchez & Jerome McAlpin Facilitate $6.5M Sale Of Inglewood Multifamily Asset

1026 South Flower Street

$6,500,000

$373/SF

Building Size

17,421 SF

Asset Type

MultiFamily

Closing

Apr 30, 2024

About this deal

AI

A 26-unit multifamily property located at 1026 South Flower Street in Inglewood has been sold for $6.5 million. The property consists of two buildings with remodeled units, offering a mix of 1, 2, and 3-bedroom units. Situated near major entertainment destinations like SoFi Stadium and the Forum, the property spans 17,421 square feet with a price per square foot of $373.

Summary of transation details:

  • Property Type: Multifamily
  • Transaction Amount: $6,500,000
  • Units: 26
  • Price Per Unit: $250,000
  • Square Feet: 17,421
  • Address: 1026 South Flower Street, Inglewood
  • Market: Inglewood
  • Brokers: Enedina Sanchez & Jerome McAlpin - McAlpin & Company

The sale of the 26-unit multifamily property was facilitated by Brokers Enedina Sanchez and Jerome McAlpin from McAlpin & Company. The property's proximity to prominent entertainment hubs enhances its appeal, making it a lucrative investment opportunity within the Inglewood real estate market.

Players

Enedina Sanchez

McAlpin & Company

Broker

$6.5M

vol

1 deal

Broker

Inglewood MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $373 per square foot on a published $6.5M for 17,421 square feet (2024).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.44%

Cash-on-Cash

-0.70%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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