$989,900
- Beds
- Unknown
- sq ft
- 1,940
2813 W Florence Ave, Los Angeles, CA 90043
2813 W Florence Ave
Los Angeles, CA 90043
- 24 days on market
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.
Details
Property type
Mixed Use
Lot size
5,795 sq ft
Price per sq ft
$511
Year built
1950
Price History
08/27/2024
CRMLS #DW24177901
Listed
$989,900
-9.6%
06/17/2024
CRMLS #DW24037453
Removed
$1,095,000
02/23/2024
CRMLS #DW24037453
Listed
$1,095,000
Schools & Community
Neighborhood:
Hyde Park
Elementary school:
Unknown
Middle school:
Unknown
High school:
Unknown
Community features: Street Lights, Sidewalks
Community features:
Street Lights, Sidewalks
Status: Active
Tomo last checked: 09/20/2024 at 12:00 AM
Listing updated: 08/27/2024 at 2:15 PM
Listed by: Rafael Alvarado, VIP Real Estate Firm Phone #: (562) 231-3333
MLS: CRMLS #DW24177901
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