2813 W Florence AVE Active Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90043
Key Details
Property Type Multi-Family
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 1,940 sqft
Price per Sqft $510
MLS Listing ID DW24177901
HOA Y/N No
Year Built 1950
Lot Size 5,793 Sqft
Acres 0.133
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.
Location
State CA
County Los Angeles
Area Phht - Park Hills Heights
Zoning LAC2
Rooms
Ensuite Laundry None
Interior
Laundry Location None
Fireplace No
Laundry None
Exterior
Garage Spaces 2.0
Garage Description 2.0
Pool None
Community Features Street Lights,Sidewalks
Total Parking Spaces 7
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Story 1
Entry Level One
Sewer Public Sewer
Water Public
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 4008025012
Acceptable Financing Cash,Conventional,Submit
Listing Terms Cash,Conventional,Submit
Special Listing Condition Standard