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$900,000

Beds
3
sq ft
2,091

2024 W Florence Ave, Los Angeles, CA 90047

2024 W Florence Ave

Los Angeles, CA 90047

  • 61 days on market
We are excited to offer this three unit income property for sale listed at $900,000. The property consists of two one bedroom one bath units and one two bedroom one bath unit and offers the opportunity to own a property with its own private entrance making this an unique gem. Don't miss this rare opportunity. The investment is a great opportunity to produce long term cash flow and possible future developments. The property is in close proximity to public transportation and near by 110, 10, 105, 5 and 60 freeways. Properties is being sold as is. Owner pays water and trash. There is no sign on the property. Tenants are unaware of the sale please do not disturb tenants. Interior inspection of units only upon accepted offer.

Details

Property type

Est. home value

$817,841

Lot size

5,109 sq ft

Price per sq ft

$431

Year built

1950

HOA

No

Price History

01/27/2025
CLAW

CLAW #25489427

Listed
$900,000
+15.38%
02/03/2022
CRMLS

CRMLS #EV21238050

Sold
$780,000

Schools & Community

Neighborhood: 

South Los Angeles

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

High school district: 

Los Angeles Unified

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$149,513
Asking price
$900,000
Closing costs (~8% of asking)
-$72,000
Est. remaining loan balance
-$678,487
Cash to seller
$149,513

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Florida Capital Bank Na

Loan start date

December 2021

Original loan amount

$728,530

Est. remaining balance

$678,487

Interest rate

3.14%

Loan type

FHA, 30 year

Seller

Marcia Frater

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 04/02/2025 at 7:30 PM

Listing updated: 02/13/2025 at 6:15 PM

Listed by: Shea Nelson, Watkins Realty & Investments Phone #: (310) 301-3090

MLS: CLAW #25489427

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