1122 W Florence Avenue, Los Angeles, Los Angeles, CA, ResidentialIncome, 16, 12

$ 1,449,000
1122 W Florence Avenue,


  • Updated On:
  • November 24, 2023
  • 16 Bedrooms
  • 12 Bathrooms
  • 5,320.00 ft2

Property Description

Welcome to a prime investment opportunity in the heart of the city! We are pleased to present 8 units located at 1116-1122 West Florence Avenue. 2 buildings, offering a cap rate of 6.2% in a thriving location. This property boasts a large lot (over a quarter of an acre), zoning advantages (TOC Tier 2), and multiple avenues for growth. The property features a well-balanced unit mix with stable tenants, as well as significant upside opportunities for rent increases. The surrounding area is undergoing redevelopment, and the location is accentuated by its close proximity to major entertainment venues such as The Forum (3.8 miles away), SoFi Stadium (4 miles away), BMO Stadium(3 miles away) and Downtown LA (5 miles away). This location not only increases tenant demand but also contributes to potential rental premiums. With a vast lot spanning 12,093 square feet, the property offers ample space for parking and additional development. The inclusion of a separate laundry room provides an additional avenue for generating monthly income. With easy access to transit, stores, shops, and the freeway it offers the convenience and connectivity that tenants seek. With its proximity to entertainment venues, development potential, upside in rent and appreciation, this property is a premium investment opportunity for savvy investors. Drive by only, please do NOT disturb tenants, offers should be made subject to interior inspection. + Broker and agents do not represent or guarantee the accuracy of the square footage, income, expenses, condition,development potential, bedroom/ bathroom count, lot size or lot lines, dimensions, permitted or non-permitted spaces, or school eligibility. There are no warranties or guarantees, buyer to rely solely on his/her own findings. ++Drive by only, please do NOT disturb tenants, offers should be made subject to interior inspection. See private remarks.

Address: 1122 W Florence Avenue
Zip: 90044
Country: US
Open In Google Maps
$ 7,429.31
per month
  • Principal and Interest
  • Property Tax
  • HOA fee
$ 5,618.06
Tue 05 Dec
Wed 06 Dec
Thu 07 Dec
Fri 08 Dec
Sat 09 Dec
Sun 10 Dec
Mon 11 Dec
Tue 12 Dec
Wed 13 Dec
Thu 14 Dec
In Person
Video Chat
Your information

Property Reviews

You need to login in order to post a review

Similar Listings

$ 3,495,000

1406 E Pleasant Avenue, Los Angeles, Los Ang...

One of the coolest properties to hit the market in 2023! Looking for something unique, cre ...
Lot Size
0.80 ft2
$ 2,595,000

6400 Dix Street, Los Angeles, Los Angeles, C...

The 6,916 sf two-story building sits on a 7,221 sf lot and is comprised of (2) two bedroom ...
Lot Size
0.16 ft2
$ 1,089,500

4031 Sequoia Street, Los Angeles, Los Angele...

Wonderful investment opportunity in Atwater Village! Add this property to your portfolio o ...
Lot Size
0.17 ft2
$ 1,529,000

3316 Atwater Avenue, Los Angeles, Los Angele...

This will be the smartest thing you can do this year. In the heart of Atwater Village stan ...
Lot Size
0.16 ft2

Compare Listings

David Clark