139 W Florence Ave - Apartments FOR SALE


Los Angeles, CA 90003- Canndu/Avalon Gardens
$895,000 USD
213-225-7223
139 W Florence Ave, Los Angeles, CA for Sale
$895,000 USD
Apartments - FOR SALE
1/7
null | 8.08% Cap Rate

139 W Florence Ave
Los Angeles, CA 90003
Canndu/Avalon Gardens


OVERVIEW

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 $895,000, 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.

FOR SALE DETAILS

PRICE

$895,000 USD

PRICE/SF

$351 USD /SF

# OF UNITS

4

PRICE/UNIT

$223,750

CAP RATE

8.08%

% LEASED

75%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

139 W Florence Ave - 1 VACANT Unit - RTI ADU

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1936

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,960 SF

ZONING

LAC2

APN/PARCEL ID

6012-013-027

ASK ABOUT THIS PROPERTY

Casey LinsKidder MathewsMore Info
213-225-7223

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Casey LinsKidder MathewsMore Info
213-225-7223

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.