1340 W Florence Ave - Multi-Family FOR SALE


Los Angeles, CA 90044- South Central LA
$518,000 USD
949-279-6699
1340 W Florence Ave, Los Angeles, CA for Sale
$518,000 USD
Multi-Family - FOR SALE
1/1
null | Request Cap Rate

1340 W Florence Ave
Los Angeles, CA 90044
South Central LA


OVERVIEW

100% Vacant mixed use property. 800 SF retail box at front of property in rentable condition, and 2 small one bedroom units at the rear, which are gutted and need full remodel work. Large open space at rear that has potential for additional units. Tons of potential and owners selling for essentially lot value. Estimated renovation @ $150,000. Final rents would be $2,000 x 3= $6,000/mos., not including 2 potential ADU's added in the future. Keep in mind this property has been vacant for 5+ years, so if Buyer wanted to tear down and start new, there would be no requirement to replace any existing low income housing (buyer to verify).

FOR SALE DETAILS

PRICE

$518,000 USD

PRICE/SF

$327 USD /SF

# OF UNITS

3

PRICE/UNIT

$172,667

CAP RATE

Request Cap Rate

% LEASED

0%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

1340 Florence

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

ADD'L SUBTYPES

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1922

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

C2-1-CPIO

APN/PARCEL ID

6019-001-011

ASK ABOUT THIS PROPERTY

David RamirezSpaulding Pacific ManagementMore Info
949-279-6699

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David RamirezSpaulding Pacific ManagementMore Info
949-279-6699

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.