247 W Florence, Los Angeles, CA, 90003
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Property Details
5
5
Multi-Family
Description
Property Details: • Type: Multi-Family • Bedrooms: 5 • Bathrooms: 5 • Square Feet: 6410 • Lot/Size: 5,969 sqft lot
Description: 247 W Florence Avenue presents an opportunity to acquire a mixed-use investment property in South Los Angeles. The asset consists of eight total units, including (5) one-bedroom/one-bath residential units and (3) ground-floor commercial spaces, offering a diverse income stream. Priced at $131,250 per unit and $163 per square foot, the property provides an attractive basis for investors. The property is currently operating at a 6.04% cap rate and 8.77 GRM, with approximately 40% rental upside, presenting a strong opportunity to increase cash flow through rent adjustments and operational improvements. The property is located along the active Florence Avenue corridor in South Los Angeles, offe
Location
Address
247 W Florence, Los Angeles, CA, 90003
City
Los Angeles
Features and Finishes
Year Built: 1919; [object Object]; [object Object]; [object Object]
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