2813 W Florence Avenue, Los Angeles, CA 90043
-
Listed Price :
$989,900
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Beds :
N/A
-
Baths :
N/A
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Property Size :
N/A sqft
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Year Built :
1950
Property Description
Introducing this great investment opportunity in prime Hyde Park. This property consists of a mix-use with 2 office fronts and a single family home, totaling 3 units total. Wonderful added value project for a savvy investor. Currently property is collecting a total of $6,150 a month with both offices being rented at $2,200 each and $1,750 for the 2 bedroom and 1 bath SFR. Several exist strategies can be to convert the detached garage into and ADU to make up a fourth unit or build multi-family housing using is high density LAC2 Tier 2 zone. Another option is to renovate and slightly increase rents to full market rate. This property sits on a desirable location with heavy foot traffic. 2027 located couple miles from the Crenshaw/LAX Transit Project and the Baldwin Hills Crenshaw Plaza Master Plan Project. This pocket's target is to invest an estimate of $1B in the next 4-6 years. Other near businesses and retailers include Well's Fargo, McDonalds, US postal service, SOFI stadium (1.5mi), LAX airport (5.5mi), and Silicon Beach.
Interior Features
| Laundry Information |
| Location(s) |
None |
| Bedroom Information |
| Bedrooms |
N/A |
| Bathroom Information |
| Bathrooms |
N/A |
Listing Information
| Address |
2813 W Florence Avenue |
| City |
Los Angeles |
| State |
CA |
| Zip |
90043 |
| County |
Los Angeles |
| Listing Agent |
Rafael Alvarado DRE #02094533 |
| Co-Listing Agent |
Daniel Terrazas DRE #02019893 |
| Courtesy Of |
VIP Real Estate Firm |
| List Price |
$989,900 |
| Status |
Active |
| Type |
Residential Income |
| Subtype |
Mixed Use |
| Structure Size |
N/A |
| Lot Size |
5,795 |
| Year Built |
1950 |
Listing information courtesy of: Rafael Alvarado, Daniel Terrazas, VIP Real Estate Firm. *Based on information from the Association of REALTORS/Multiple Listing as of Aug 27th, 2024 at 9:08 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
