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2048-2050 W Florence Ave
Los Angeles, CA 90047
Retail/Office/Residential · Office Property For Sale
Executive Summary
Prime Commercial Investment Opportunity on High-Traffic Florence Avenue! Introducing 2048 W Florence Avenue, a standout commercial property offering exceptional visibility, strong fundamentals, and long-term upside in one of South Los Angeles' most active commercial corridors. Positioned along a high-traffic thoroughfare, this asset presents an ideal opportunity for investors and owner-users seeking steady income, redevelopment potential, or a strategic foothold in a rapidly evolving market.The property benefits from excellent street exposure, easy access, and consistent daily trafficmaking it well-suited for a wide range of retail, office, service, or mixed-use concepts. Surrounded by established businesses, dense residential neighborhoods, and key transit routes, the location supports strong tenant demand and long-term value appreciation.With flexible interior space and a functional layout, the building can accommodate various business uses or be repositioned to meet changing market needs. Investors will appreciate the solid footprint, zoning flexibility, and upside potential through leasing, value-add improvements, or future redevelopment. Owner-users can take advantage of the prime frontage to establish or expand their business in a highly visible location.Convenient access to major freeways, public transportation, and surrounding commercial hubs further enhances the property's appeal. Whether your strategy is income generation, owner occupancy, or long-term redevelopment, 2048 W Florence Avenue offers a compelling opportunity to capitalize on a growing South Los Angeles market.High visibility. Strong location. Investment potential!
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
2,612 SF
Building Class
B
Year Built
1948
Price
$799,000
Price Per SF
$305.90
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
1,306 SF
Building FAR
0.50
Lot Size
0.12 AC
Zoning
LAC2 - LAC2 - R4 zone. Option to build 14 Residential Units or up to 20 with LA City TOC Tier 3 As Per LADBS.
Parking
5 Spaces (1.91 Spaces per 1,000 SF Leased)
Amenities
- Air Conditioning
Property Taxes
| Parcel Number | 6017-003-013 | Improvements Assessment | $115,720 |
| Land Assessment | $54,103 | Total Assessment | $169,823 |
Property Taxes
Parcel Number
6017-003-013
Land Assessment
$54,103
Improvements Assessment
$115,720
Total Assessment
$169,823
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