2705 W Florence Ave
Los Angeles, CA 90043
17,067 SF Lot | 35 Buildable Units · Industrial Property For Sale
Investment Highlights
- 3,000 SF Building on 17,067 SF Lot with Alley Access
- 35 Unit or 35 units over retail allowed with C2-1VL-CPIO zoning with TOC Tier 1 Bonuses
- The $2.1 Billion Crenshaw Rail Line is Currently Under Construction; Properties are 5 Blocks from Crenshaw & Florence Intersection
- Tenant is on a Month to Month Lease Paying Approx $3,000/mth
- Centrally Located with Easy Access to 4 Freeways (405,10,110 & 105)
- Easy Access to Amenities, Walk Score of 73
Property Facts
About 2705 W FLORENCE AVE , LOS ANGELES, CA 90043
PLEASE SEE ATTACHED MARKETING PACKAGE FOR FULL INFORMATION: OFFERING SUMMARY: 2705 W. Florence offers an investor the opportunity to buy a 3,000 SF building on 17,067 SF of commercial land on Florence Ave. The properties are 5 blocks from the new $2.1 Billion Crenshaw Rail Line being built and thus offers TOC Tier 1 development bonuses. The new rail line has brought significant commercial development and investment into the area to compliment the new rail line. In addition to the new rail line, the property is centrally located and offers easy access to 4 freeways. DEMOGRAPHICS: The population within a 1-mile radius was estimated at approx 37,000 as well as over 390,000 within a 5-mile radius, and this population is expected to grow at 1.66% annually. The average household income was estimated at approximately $ 58,000 within a 3-mile radius.
Property Taxes
| Parcel Number | 4008-024-028 | Improvements Assessment | $27,060 |
| Land Assessment | $1,381,183 | Total Assessment | $1,408,243 |
Property Taxes
