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Diego Magdaleno

diego@1visionproperties.com +1(714) 676-7271

$1,025,000

Est. payment - /mo

6 Beds

6 Baths

3,012 SqFt

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UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 3,012 sqft

Price per Sqft $340

MLS Listing ID 25594291

Bedrooms 6

HOA Y/N No

Year Built 1946

Lot Size 5,122 Sqft

Property Description

We are proud to present 1901 W Florence Ave, a well-priced 6-unit multifamily property in Los Angeles, offered at a 7.84 GRM and a 7.64% CAP on actual rents, with upside potential to achieve a 7.30 GRM and an 8.53% CAP with market rents. The property is comprised of one, two-story building consisting of a total of 3,012 rentable square feet. Built in 1946, the property sits on a 5,122 square foot LAC2-zoned corner lot with street access on two sides plus alley access. The unit mix features one (1) two-bedroom one bathroom unit, four (4) one-bedroom one-bathroom units, and one studio unit. The property also features a total of seven (7) carport spaces that can potentially serve as ADU conversions to increase the property's long-term cash flow. Located on Florence Ave just west of Western Ave and directly south of the Mann UCLA Community School, this property offers excellent access with close proximity to the 110 Freeway, multiple Metro stations, and easy access to Downtown Los Angeles, Inglewood, Lennox, Gardena and Crenshaw. Contact the listing broker for additional information.

Location

State CA

County Los Angeles

Area Phht - Park Hills Heights

Zoning LAC2

Interior

Fireplace No

Exterior

Parking Features Carport

Carport Spaces 7

Total Parking Spaces 7

Building

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 6016035027

Special Listing Condition Standard

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Listed by Casey Lins Kidder Mathews of California, Inc.

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1901 W Florence AVE Los Angeles, CA 90047