Property listed by Kidder Mathews of California, Inc., Casey Lins 858-369-3010
$1,025,000
We are proud to present 1901 W Florence Ave, a well-priced 6-unit multifamily property in Los Angeles, offered at a 7.84 GRM and a 7.64% CAP on actual rents, with upside potential to achieve a 7.30 GRM and an 8.53% CAP with market rents. The property is comprised of one,… Read More two-story building consisting of a total of 3,012 rentable square feet. Built in 1946, the property sits on a 5,122 square foot LAC2-zoned corner lot with street access on two sides plus alley access. The unit mix features one (1) two-bedroom one bathroom unit, four (4) one-bedroom one-bathroom units, and one studio unit. The property also features a total of seven (7) carport spaces that can potentially serve as ADU conversions to increase the property's long-term cash flow. Located on Florence Ave just west of Western Ave and directly south of the Mann UCLA Community School, this property offers excellent access with close proximity to the 110 Freeway, multiple Metro stations, and easy access to Downtown Los Angeles, Inglewood, Lennox, Gardena and Crenshaw. Contact the listing broker for additional information. Read Less
Listing Snapshot
Days Online
58
Last Updated
Beds
6
Square Ft.
3,012
Lot Size
0.12 Acres
Year Built
1946
MLS Number
25594291
Additional Details
Building
Built in 1946, Living area: 3012.0, 1 building, 2 stories, Levels: Two
Income
Gross Income: $130,696, Net Operating Income: $78,349
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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