$989,900
Active
39 Days Online
0 Beds0 Baths1,940 SQFT
Active

2813 W Florence Avenue Los Angeles, CA 90043

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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 TypeMulti-Family
  • NeighborhoodN/A
  • CountyLos Angeles
  • Taxes$0
  • HOA/Condo/Coop Fees$0
  • Days on Site39 Days
  • MLS StatusActive
  • MLS ID NumberDW24177901
  • Home Size Source N/A
  • Year Built1950
  • Lot Size0.133 Acres
  • Full BathsN/A
  • Partial BathsN/A

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General Features

  • Parking Spaces 7
  • Sewer Public Sewer
  • Number of Stories 11
  • Acreage 0.133
  • Water Public
  • Garage Spaces 2
  • Zoning LAC2
  • Listing Conditions Standard

Interior Features

  • Laundry Features None

Exterior Features

  • Pool Features None
  • Lot 0-1 Unit/ Acre

Community Features

  • Community Features SidewalksStreet Lights
  • Senior Community No
  • MLS Area PHHT - Park Hills Heights

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Monthly Payment (Est.)

$4,809
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