34
2813 Florence Avenue
Los Angeles, CA 90043
$989,900
For Sale
- 1,940 sq ft
Local Information
About this home
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.
Home Highlights
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None
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$171
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3 months ago
Home Details for 2813, Florence Avenue
Interior Features
Interior Features
- Laundry: No Hookups
Exterior Features
Exterior Home Features
- Exterior Details: Other
Parking & Garage
- Garage: No Garage
Pool & Views
- Private Pool: No Private Pool
Water & Sewer
- Water Source: Public
- Sewer: Public Sewer
Property Information
Property Information
- Parcel Number: 4008025012
- Lot Size (sq ft): 5,795
Property Type & Style
- Type: Residential Income
- Subtype: OTHER
Year Built
- Year: 1950
Location
- Directions: florence and 7th ave
Listing Attribution
- Agent Name: Rafael Alvarado
- Brokerage: VIP Real Estate Firm
- Contact: 562-205-7372
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