2714 W Florence Ave
Los Angeles, CA 90043
33,900SF Lot | C2 Zoning | 65 Buildable Units · Retail Property For Sale
Investment Highlights
- 33,900 SF Lot with Multiple Month to Month Tenants
- 65 Buildable Units: 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
- Current Gross Rent is Approximately $9,000/mth
- Centrally Located with Easy Access to 4 Freeways (405,10,110 & 105)
- Easy Access to Amenities, Walk Score of 73
Property Facts
About 2714 W FLORENCE AVE , LOS ANGELES, CA 90043
PLEASE SEE ATTACHED MARKETING PACKAGE FOR FULL INFORMATION: OFFERING SUMMARY: 2714-2804 W. Florence offerS an investor the opportunity to buy 33,900 SF of land on Florence Ave. 65 Apartment units or 65 units over retail can be built (development analysis below). The property is 5 blocks from the new $2.1 Billion Crenshaw Rail Line being built and thus offers TOC Tier 1 development bonuses. Significant development & investment has come into the area to compliment the new rail line. In addition to the new rail line, the property is centrally located & 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 | 4009-003-011 | Improvements Assessment | $26,530 |
| Land Assessment | $880,802 | Total Assessment | $907,332 |
Property Taxes
