243-247 W Florence Ave | Los Angeles, CA 90003
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- LoopNet Team
243-247 W Florence Ave
Los Angeles, CA 90003
$143K per Unit & $179 per Foot w/ 9.90 GRM · Multifamily Property For Sale · 8 Units
Investment Highlights
- 8-unit mixed-use property with 9.90 GRM & 5.27% CAP on current rents, and approx. 67% rental upside - 11.08% market CAP and 5.90 market GRM
- Offered at 9.90 GRM and 5.27% CAP on current rents, $143,750 per unit, and $179 per foot
- 5,967 SF lot, zoned LAC2, with 3 gated tandem parking spaces
- Located two blocks east of the 110 Fwy, the property is minutes from several South LA thoroughfares including Broadway, Main St, and Manchester Blvd.
- Comprised of (1) 2-bdrm. unit, (4) 1-bdrm. units, and (3) ground-floor commercial units
- Can be purchased individually or as part of a 5-property South LA portfolio - please contact Max Berger for more info at (818) 321-4972
PROPERTY FACTS
| No. Units | 8 | Building Size | 6,410 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low Rise | Year Built | 1919 |
| Building Class | C | Parking Ratio | 0.47/1,000 SF |
| Lot Size | 0.15 AC |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 6,410 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1919 |
| Parking Ratio | 0.47/1,000 SF |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 1 | $1,081 | - |
| 1+1 | 4 | $878.50 | - |
PROPERTY TAXES
| Parcel Number | 6012-013-049 | Improvements Assessment | $798,361 |
| Land Assessment | $568,693 | Total Assessment | $1,367,054 |
PROPERTY TAXES
Parcel Number
6012-013-049
Land Assessment
$568,693
Improvements Assessment
$798,361
Total Assessment
$1,367,054
zoning
| Zoning Code | C2-1, Los Angeles |
| C2-1, Los Angeles |
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