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3201 W Florence Ave 3,467 SF 20% Leased Retail Building Los Angeles, CA 90043 $850,000 ($245.17/SF)
INVESTMENT HIGHLIGHTS
- Seller Will Carry
- Owner User / Live work
- Mixed Use
EXECUTIVE SUMMARY
REO, 2 story mixed use building located between Crenshaw and Van Ness on busy Florence Ave. The property consists of 3 retail spaces, w/ a 1bdrm 1ba residential and a large 2bdrm 2ba with large balcony. This is the perfect opportunity for an owner user or live work situation.
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Condition
REO Sale
Property Type
Retail
Property Subtype
Building Size
3,467 SF
Building Class
C
Year Built
1939
Price
$850,000
Price Per SF
$245.17
Percent Leased
20%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.59
Lot Size
0.05 AC
Zoning
LAC2 - Commercial/ Business Uses
Frontage
60’ on Florence Ave
AMENITIES
- Corner Lot
Walk Score®
Very Walkable (79)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 4006-031-012 | Total Assessment | $920,065 |
| Land Assessment | $703,580 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $216,485 | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
4006-031-012
Land Assessment
$703,580
Improvements Assessment
$216,485
Total Assessment
$920,065
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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3201 W Florence Ave
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