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.
Property Details
Price:
$989,900
MLS #:
DW24177901
Status:
Active
Baths:
0
Address:
2813 W Florence Avenue
Type:
Residential Income
Subtype:
Commercial/Residential
Neighborhood:
phhtparkhillsheights
City:
Los Angeles
Listed Date:
Aug 27, 2024
State:
CA
ZIP:
90043
Lot Size:
5,795 sqft / 0.13 acres (approx)
Year Built:
1950
See this Listing
Mortgage Calculator
Schools
Interior
Exterior
Community Features
Sidewalks, Street Lights
Garage Spaces
2.00
Lot Features
0-1 Unit/ Acre
Parking Spots
7.00
Pool Features
None
Sewer
Public Sewer
Stories Total
1
Water Source
Public
Financial
Map
Community
- Address2813 W Florence Avenue Los Angeles CA
- AreaPHHT – Park Hills Heights
- CityLos Angeles
- CountyLos Angeles
- Zip Code90043
Similar Listings Nearby
- 1475 W 28th Street
Los Angeles, CA$1,285,000
4.17 miles away
- 5321 Denker Avenue
Los Angeles, CA$1,280,000
1.70 miles away
- 9004 S San Pedro Street
Los Angeles, CA$1,279,000
3.45 miles away
- 12701 Cranbrook Avenue
Hawthorne, CA$1,275,000
4.03 miles away
- 5105 W 21st Street
Los Angeles, CA$1,275,000
4.72 miles away
- 430 W 80th Street
Los Angeles, CA$1,275,000
2.51 miles away
- 146 E 94th Street
Los Angeles, CA$1,275,000
4.10 miles away
- 4080 LEIMERT Boulevard
Los Angeles, CA$1,265,000
2.42 miles away
- 414 S Grevillea Avenue
Inglewood, CA$1,250,000
2.07 miles away
- 1547 S 5th Avenue
Los Angeles, CA$1,250,000
3.88 miles away
Courtesy of VIP Real Estate Firm. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved.
2813 W Florence Avenue
Los Angeles, CA
LIGHTBOX-IMAGES