1021 W Florence Ave, Los Angeles, CA 90044

Listing Agency: Colliers - Los Angeles - Woodland Hills, California

Listed By: Reza Ghobadi · License #01780045 Show Phone

Source: Crexi

Added: Mar 25 Changed: Oct 25 Last Checked: Nov 6 at 8:11AM

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Investment Insights

Based on property information with market context.

This offering is RTI land intended for a residential development of 54 units. The public remarks specify that the project is designed as 100% affordable, meaning affordability is required for all planned units.

The property is located at 1021 W Florence Ave, Los Angeles, CA 90044.

As presented, this is a land transaction for a residential home-lot style development with an identified unit count and an affordability condition reflected in the public remarks.

Key Highlights

• RTI land parcel with plans for 54 units
• All units must meet an affordability requirement

Property Analytics

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Open Analytics

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Skin Care Clinic Gym & Fitness Center Pharmacy

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

55

Residential units

Location Intelligence

Trade Area within ½ mile

1,012

Businesses Nearby

Explore this area Business Placement

Demographics for 90044, CA

94,354

Population

28,770

Households

3.3

Avg Household Size

33

Median Age

11%

College-Educated

64%

High-School Grad

5.1 sq mi

ZIP Area

18,501

Density / Sq Mi

$51,433

Median Household Income

$32,426

Median Earnings

$1,427

Median Rent

$588,200

Median Home Value

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Frequently Asked Questions

What type of property is this?

Residential land & home lot - RTI land parcel with plans for 54 units and an affordability requirement for all units.

Where is this residential land & home lot located?

The property is located at 1021 W Florence Ave Los Angeles, CA.

What is the asking price?

The asking price for this property is $2,475,000.

What are key features of this property?

This property features: RTI land parcel with plans for 54 units; All units must meet an affordability requirement