Investor Opportunity: Assumable 2.25% FHA Loan + Seller Financing Purchase Price: $900,000 Assumable Loan: Existing FHA loan at 2.25% interest rate (subject to lender approval) Seller Financing: Seller is willing to carry back up to $120,000, with no payments for the first 12 months Property Highlights: Buyer will receive one 2-bedroom unit delivered vacant at closing $30,000 tenant buyout included in deal to secure vacancy Remaining two units are occupied and generate $2,736 in monthly rent Property is governed by the Los Angeles Rent Stabilization Ordinance (RSO) Located within a high-growth area near 2028 Olympic venuesPlease do not disturb tenants. Interior inspection of units only upon accepted offer.
Property Details
Price:
$900,000
MLS #:
25489427
Status:
Active
Baths:
0
Address:
2024 W Florence Avenue
Type:
Residential Income
Neighborhood:
c36metropolitansouthwest
City:
Los Angeles
Listed Date:
Jan 27, 2025
State:
CA
ZIP:
90047
Lot Size:
5,109 sqft / 0.12 acres (approx)
Year Built:
1950
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Schools
Interior
Accessibility Features
None
Appliances
None
Flooring
Wood
Heating
Wall Furnace
Interior Features
Ceiling Fan(s)
Exterior
Parking Features
Assigned
Parking Spots
0.00
Pool Features
None
Spa Features
None
Stories Total
1
Financial
Tenant Pays
Electricity, Gas
Map
Community
- Address2024 W Florence Avenue Los Angeles CA
- AreaC36 – Metropolitan Southwest
- CityLos Angeles
- CountyLos Angeles
- Zip Code90047
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2024 W Florence Avenue
Los Angeles, CA
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