2813 W Florence Avenue
Los Angeles, CA, 90043
$989,900
Beds
0 Baths
SqFt
0.13 Acres
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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
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2.00
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0-1 Unit/ Acre
Parking Spots
7.00
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1
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