Active

2813 W Florence AVE

LOS ANGELES CA, 90043

$989,900


$510.26 per sqft

Active

2 Beds

3 Baths

1,940 sqft

Multi-family

Built in 1950

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.

DW24177901MR

MLS ID

August 27, 2024

Listed

September 13, 2024

Updated

Map

2813 W Florence AVE
LOS ANGELES CA, 90043

Interior Features

Total Stories

1


Bedrooms

2


Total Bathrooms

3


Laundry Description

None


Fireplace

No


Cooling

No


Heating

No

Exterior/Building Features

Lot Size

0.13 Acres


Sewer

Public Sewer

Other Property Details

Area Name

Park Hills Heights


Days on Market

8


Garage

Yes


Garage Spaces

2


Parking Total

7


View

No


County

Los Angeles


Water Source

Public


Pool

No


Pool Features

None


Zoning

LAC2

Listed by Rafael Alvarado with VIP Real Estate Firm
Listing Contact: 562-205-7372 

Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Nick Hertz | CA DRE #1992715 shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. 

©2024 Combined L.A./Westside MLS. All rights reserved.

Data last updated 9/13/2024

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