Property listed by Marcus & Millichap, Benjamin Lee 310-909-5450
$999,000
We are pleased to present 1412 W Florence Ave, a high-yield mixed-use investment in South Los Angeles. The property features five renovated apartment units with modern finishes and one ground-floor commercial space, delivered vacant and move-in ready with potential for an ADU conversion. Offered at a 9.12% CAP rate, 7.03… Read More GRM, and just $166,500 per unit, the property delivers immediate double-digit cash-on-cash returns alongside durable long-term upside. Located on a well-traveled corridor with strong demographics, 1412 W Florence Ave combines stable residential income with visible retail exposure. It also qualifies for 100% bonus depreciation, creating meaningful tax advantages for new ownership. Read Less
Listing Snapshot
Days Online
8
Last Updated
Beds
10
Square Ft.
3,044
Lot Size
0.14 Acres
Year Built
1948
MLS Number
25599017
Additional Details
Appliances & Equipment
Dishwasher, Disposal, Refrigerator, Dryer, Washer
Building
Built in 1948, Living area: 3044.0, 3 buildings, 2 stories, Levels: Two
Community
Gated
Fireplaces
Bath, DiningRoom, FamilyRoom, Kitchen, LivingRoom
Heating
Central
Income
Gross Income: $135,081, Net Operating Income: $91,059
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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