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Listed by Aaron Jacobson • Lyon Stahl Investment Real Estate, Inc.
$1,025,000
Est. payment /mo
6,410 SqFt
Price Dropped by $25K
247 West Florence Los Angeles, CA 90003
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Key Details
Property Type Single Family Home
Sub Type Commercial/Residential
Listing Status Active
Purchase Type For Sale
Square Footage 6,410 sqft
Price per Sqft $159
MLS Listing ID SB-26085337
Year Built 1919
Lot Size 5,969 Sqft
Property Sub-Type Commercial/Residential
Source California Regional Multiple Listing Service (CRMLS)
Property Description
247 W Florence Avenue presents an opportunity to
acquire a mixed-use investment property in South Los
Angeles. The asset consists of eight total units, including
(5) one-bedroom/one-bath residential units and (3)
ground-floor commercial spaces, offering a diverse
income stream.
Priced at $128,125 per unit and $159 per square foot, the
property provides an attractive basis for investors. The
property is currently operating at a 6.21% cap rate and
8.56 GRM, with approximately 40% rental upside,
presenting a strong opportunity to increase cash flow
through rent adjustments and operational
improvements.
The property is located along the active Florence Avenue
corridor in South Los Angeles, offering convenient access
to Downtown Los Angeles, University of Southern
California, and major transportation routes including
Interstate 110 and Interstate 105, connecting tenants to
employment centers and amenities throughout the city.
acquire a mixed-use investment property in South Los
Angeles. The asset consists of eight total units, including
(5) one-bedroom/one-bath residential units and (3)
ground-floor commercial spaces, offering a diverse
income stream.
Priced at $128,125 per unit and $159 per square foot, the
property provides an attractive basis for investors. The
property is currently operating at a 6.21% cap rate and
8.56 GRM, with approximately 40% rental upside,
presenting a strong opportunity to increase cash flow
through rent adjustments and operational
improvements.
The property is located along the active Florence Avenue
corridor in South Los Angeles, offering convenient access
to Downtown Los Angeles, University of Southern
California, and major transportation routes including
Interstate 110 and Interstate 105, connecting tenants to
employment centers and amenities throughout the city.
Location
State CA
County Los Angeles
Area C42 - Downtown L.A.
Interior
Laundry None
Exterior
Garage Spaces 4.0
Pool None
Community Features Curbs, Sidewalks, Suburban, Urban
Building
Lot Description 0-1 Unit/Acre
Sewer Public Sewer
Nearby Locations
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