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139 W Florence Ave - 1 VACANT Unit - RTI ADU 139 W Florence Ave 4 Unit Apartment Building $850,000 ($212,500/Unit) 7.87% Cap Rate Los Angeles, CA 90003
EXECUTIVE SUMMARY
We are pleased to present 139 W Florence Ave a well-located 4-unit multifamily property in the heart of Los Angeles, with 1 unit delivered VACANT at closing! Positioned just east of the 110 Freeway, this property offers excellent access to major Los Angeles destinations, including LAX, SoFi Stadium, Downtown LA, the LA Convention Center, and the USC Coliseum. The offering includes RTI (Ready-to-Issue) plans for a 2-bedroom ADU, giving the next owner a clear path to add value and increase rental income potential. The property features two duplexes totaling approximately 2,552 rentable square feet, originally built in 1936, and situated on a 4,960 square foot LAC2-zoned lot with alley access. The unit mix consists of four (4) two-bedroom, one-bath units, with 1 unit delivered VACANT making it ideal for an owner-user or to lease at market rent. Offered at an attractive price of $850,000, this is a fantastic opportunity for investors or owner-occupants looking to live in one unit while generating income from the other three to help offset mortgage and expenses. Contact the listing broker for additional details.
FINANCIAL SUMMARY (PRO FORMA - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$66,921
|
$26.22
|
FINANCIAL SUMMARY (PRO FORMA - 2025)
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $66,921 |
| Annual Per SF | $26.22 |
PROPERTY FACTS
| Price | $850,000 | Apartment Style | Garden |
| Price Per Unit | $212,500 | Lot Size | 0.11 AC |
| Sale Type | Investment | Building Size | 2,552 SF |
| Cap Rate | 7.87% | Average Occupancy | 75% |
| Gross Rent Multiplier | 9.36 | No. Stories | 2 |
| No. Units | 4 | Year Built | 1936 |
| Property Type | Multifamily | Parking Ratio | 1.57/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | LAC2 - 4,960 LAC2 Zoned midblock lot with alley access. | ||
| Price | $850,000 |
| Price Per Unit | $212,500 |
| Sale Type | Investment |
| Cap Rate | 7.87% |
| Gross Rent Multiplier | 9.36 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Lot Size | 0.11 AC |
| Building Size | 2,552 SF |
| Average Occupancy | 75% |
| No. Stories | 2 |
| Year Built | 1936 |
| Parking Ratio | 1.57/1,000 SF |
| Zoning | LAC2 - 4,960 LAC2 Zoned midblock lot with alley access. |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 4 | $1,619 | - |
1 1
Walk Score®
Very Walkable (78)
Bike Score®
Very Bikeable (77)
PROPERTY TAXES
| Parcel Number | 6012-013-027 | Improvements Assessment | $234,600 |
| Land Assessment | $510,000 | Total Assessment | $744,600 |
PROPERTY TAXES
Parcel Number
6012-013-027
Land Assessment
$510,000
Improvements Assessment
$234,600
Total Assessment
$744,600
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139 W Florence Ave - 1 VACANT Unit - RTI ADU | 139 W Florence Ave
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