1412 W Florence Ave - Apartments FOR SALE


Los Angeles, CA 90047- South Central LA
$999,000 USD
310-909-2317
1412 W Florence Ave, Los Angeles, CA for Sale
$999,000 USD
Apartments - FOR SALE
1/18
null | 9.12% Cap Rate

1412 W Florence Ave
Los Angeles, CA 90047
South Central LA


HIGHLIGHTS

  • Potential Retail to ADU Conversion
  • 9.12% CAP Rate
  • Low Basis

OVERVIEW

The Ben Lee Group of Marcus & Millichap is pleased to present 1412 W Florence Ave, a high-yield mixed-use opportunity featuring five apartment units and one ground-floor retail space. Ideally located on a high-traffic corridor in South Los Angeles, the property benefits from excellent visibility, strong surrounding demographics, and convenient access to major employment hubs. 1412 W Florence Ave is offered at a 9.12% CAP rate and a 7.03 GRM on current income, delivering immediate double-digit cash-on-cash returns alongside durable long-term upside. The asset combines stable multifamily rents with the strength of a visible commercial storefront on a well-traveled South LA corridor, creating a balanced and resilient income stream. The residential units include a mix of one-, two-, and three-bedroom layouts, appealing to a broad renter base. Most of the apartments have already received significant upgrades and renovations, including new wood-style flooring, updated kitchens with quartz countertops, stainless steel appliances, modern cabinetry, and contemporary lighting fixtures. Bathrooms have been refreshed with new vanities, tile surrounds, and plumbing fixtures. These improvements enhance tenant appeal, support higher rent growth, and reduce near-term capital expenditure requirements for new ownership. The ground-floor commercial unit offers flexibility for new ownership, being delivered vacant and in move-in condition. This allows investors the option to market the space to a wide range of retail tenants or explore a potential conversion to an ADU for additional residential income. Its versatility enhances the property’s appeal, creating both diversification and stability to the income stream. In addition to compelling in-place yield, the property is offered at a basis of $166,500 per unit and $328 per square foot, representing a meaningful discount to replacement cost. This allows investors to achieve durable cash flow with downside protection relative to new construction pricing in Los Angeles. Beyond its strong cash flow, the property also qualifies for 100% bonus depreciation under the One Big Beautiful Bill Act, creating meaningful shelter opportunities in the early years of ownership. Investors are encouraged to request a cost segregation feasibility study to maximize tax advantages. 1412 W Florence Ave offers investors a rare combination of yield and stability, with metrics usually unattainable in core infill Los Angeles locations. Supported by dense demographics and strong renter demand, the property delivers durable cash flow today with meaningful long-term upside.

FOR SALE DETAILS

PRICE

$999,000 USD

PRICE/SF

$328 USD /SF

# OF UNITS

5

PRICE/UNIT

$199,800

CAP RATE

9.12%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1948

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

5,900 SF

ZONING

LAC2

APN/PARCEL ID

6018-008-003

ASK ABOUT THIS PROPERTY

Ben LeeMarcus & MillichapMore Info
310-909-2317

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Ben LeeMarcus & MillichapMore Info
310-909-2317

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