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1147 E Florence Ave
Los Angeles, CA 90001
The Central Florence Apartments · Multifamily Property For Sale
·
34 Units
Property Facts
| No. Units | 34 | Building Size | 10,606 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1928 |
| Building Class | C | Parking Ratio | 1.98/1,000 SF |
| Lot Size | 0.53 AC | ||
| Zoning | LCM1* | ||
| No. Units | 34 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.53 AC |
| Building Size | 10,606 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1928 |
| Parking Ratio | 1.98/1,000 SF |
| Zoning | LCM1* |
Amenities
Site Amenities
- Fenced Lot
- Gated
About 1147 E FLORENCE AVE , LOS ANGELES, CA 90001
This well maintained property is conveniently located in the Florence Firestone neighborhood of unincorporated LA County and is priced to sell with 34 units at GRM 9.73 and cap rate of 6.53%. Expanding on recently implemented RUBS program, strategic renovations, and getting units up to market rent may yield great upside for an astute investor. This primarily residential neighborhood is bordered to the north by Downtown LA, to the east west by historic downtown Huntington Park, and to the west by Inglewood / South LA. 1141-1147 E Florence Ave is close to Downtown LA (DTLA), LAX, Inglewood, Huntington Park, Vernon, and all of the Gateway Cities. Shopping & entertainment options abound in the area with the historic Huntington Park pedestrian shopping mall on Pacific Boulevard, the Inglewood Rams Stadium redevelopment project, nearby Bicycle Casino, The Forum, & Franklin D Roosevelt Park! Many units have been completely renovated with new faux wood porcelain tiles, two tone paint, kitchen cabinets, vertical blinds, new kitchen appliances, and ceiling fan. This property is located on Florence Avenue near to schools and nearby lots of local shops and restaurants. The property offers 31 spaces of off street parking, but is also very convenient to public transportation. Catch a bus on Florence or ride a bike to the nearest Blue Line light rail station at Florence & Graham only a 15 minute walking distance from the property.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 22 | $1,150 | 198 - 270 |
| 1+1 | 8 | $1,390 | 360 - 546 |
| 2+1 | 3 | $1,600 | 432 - 882 |
| 3+1 | 1 | $2,000 | 944 |
Property Taxes
| Parcel Numbers | Improvements Assessment | $1,667,806 | |
| Land Assessment | $3,280,936 | Total Assessment | $4,948,742 |
Property Taxes
