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Diego Magdaleno

diego@1visionproperties.com +1(714) 376-8652

$1,775,000

Est. payment - /mo

12 Beds

6 Baths

4,910 SqFt

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UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 4,910 sqft

Price per Sqft $361

MLS Listing ID 26644131

Bedrooms 12

HOA Y/N No

Year Built 1990

Lot Size 2,949 Sqft

Property Description

1508 W. Florence Avenue is a well-maintained six-unit multifamily investment property constructed in 1990. Importantly, the property is not subject to the City of Los Angeles Rent Stabilization Ordinance (RSO) due to its year of construction; however, it is subject to California's AB 1482 (Tenant Protection Act), providing investors with a more favorable regulatory framework than older, fully rent-controlled assets. The asset features a diverse and desirable unit mix consisting of two (2) one-bedroom/one-bath units, two (2) two-bedroom/one-bath units, and two (2) three-bedroom/one-bath units, totaling approximately 4,940 rentable square feet on a 5,902-square-foot lot. This balanced mix attracts a broad tenant base and helps mitigate vacancy risk. The property offers ample on-site gated parking and a secured gated entry, amenities that are increasingly important to tenants and supportive of strong occupancy. The central Florence Avenue location provides convenient access to major transportation corridors, employment centers, and neighborhood retail, with proximity to Inglewood, Downtown Los Angeles, and LAX.1508 W. Florence Avenue represents a durable, income-oriented investment offering regulatory flexibility, tenant appeal, and long-term appreciation potential in a core Los Angeles rental corridor.

Location

State CA

County Los Angeles

Area C36 - Metropolitan Southwest

Zoning LAC2

Interior

Interior Features Ceiling Fan(s)

Heating Wall Furnace

Fireplace No

Exterior

Parking Features None

Total Parking Spaces 12

Building

Entry Level Multi/Split

Level or Stories Multi/Split

New Construction No

Others

Senior Community No

Tax ID 6018006008

Financing Conventional

Special Listing Condition Standard

Read Less Info

Listed by Sam Grayeli BRC Advisors- BH

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1508 W Florence AVE Los Angeles, CA 90047