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1122 W Florence Avenue
USD 1,499,999
Property ID: 23300694
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1122 W Florence Avenue ,90044
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icon 12093 SqFt
icon Built in 1957
icon USD 124/SqFt
icon 16 Beds
icon 0 Full
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Location Street View
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Interior Details
Bedrooms
16
Bathrooms
0
Interior Size
5320
Construction Details
Property Type --
Property Condition --
Architectural Style --
New Construction --
Year Built 1957
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Detailed Introduction Of This Home
Welcome to a prime investment opportunity in the heart of the city! We are pleased to present 8 units located at 1116-1122 West Florence Avenue. 2 buildings, offering a cap rate of 6.2% in a thriving location. This property boasts a large lot (over a quarter of an acre), zoning advantages (TOC Tier 2), and multiple avenues for growth. The property features a well-balanced unit mix with stable tenants, as well as significant upside opportunities for rent increases. The surrounding area is undergoing redevelopment, and the location is accentuated by its close proximity to major entertainment venues such as The Forum (3.8 miles away), SoFi Stadium (4 miles away), BMO Stadium(3 miles away) and Downtown LA (5 miles away). This location not only increases tenant demand but also contributes to potential rental premiums. With a vast lot spanning 12,093 square feet, the property offers ample space for parking and additional development. The inclusion of a separate laundry room provides an additional avenue for generating monthly income. With easy access to transit, stores, shops, and the freeway it offers the convenience and connectivity that tenants seek. With its proximity to entertainment venues, development potential, upside in rent and appreciation, this property is a premium investment opportunity for savvy investors.
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Contact Development/Agent
Cissy Tang
TEL: (+1)626 9868**** icon
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Contact Development/Agent
icon
Cissy Tang
(+1)626 9868**** icon
Please enter your nationality
+87
Cannot be empty
Email address is invalid Email address not authenticated!
Cissy Tang
(+1)626 9868**** icon
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Photos (18)
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1122 W Florence Avenue
USD 1,499,999 16 Beds
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