12-unit redevelopment opportunity in the City of Inglewood. The plans for 521 S Flower Street are for a three-story, 11,366 SF new construction apartment building. The development site will be Ready to Issue Permits in approximately 2 months. There is currently a 4-unit building on the property with one vacancy allowing the builder to continue to collect the cash flow prior to construction. Currently grossing $1,875/month. The design for 521 S Flower Street is a diversified unit mix of two (2) studios, two (2) one- bedroom units, one (1) two-bedroom one-bathroom unit, two (2) three-bedroom one-bathroom units, and five (5) three-bedroom two-bathroom units. One unit will be designated to low- income. The design includes twelve (12) parking spots on the ground floor.
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