$989,900
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2813 Florence Avenue Los Angeles, CA 90043
Mixed Use
Residence
Beds
Baths
...
Bed/Bath
1,940
Sq. Ft.
Property Activity
Time on Site
days
Days on Market
Views
Saves
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 office...s 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.
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MLS#
DW24177901
Property Type
Mixed Use
Year Built
1950
Square Feet
1,940
sq. ft
Lot Size
0.13
Stories
1.0
Sewer
Public Sewer
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Source: Walk Score®
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