Updated Dec 4, 2024
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
Inglewood MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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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