15-Unit Master-Leased Apartment
For Sale
$6,250,000
1156 W Florence Ave, Los Angeles, CA 90044
Newly constructed multifamily property with an on-site office and a single corporate master lease.
Property Size9,571 SF
Lot Size0.14 Acres
Price / SF$653.01
Days on Market14
Property Features for 1156 W Florence Ave
General Information
Standard status
Active
Size
9,571 SF
Lot size
0.14 Acres
Property subtype
MULTI_FAMILY
Occupancy
100%
Units
Unit Mix
7 x studio, 6 x 2BR/2BA, 2 x 3BR/2BA
Multifamily Units
15
Amenities
common area laundry room
in-unit washer/dryer
stainless steel appliances
internet and TV streaming included
Building Details
Building Size
9,571 SF
Year Built
2026
Buildings
1
Stories
3
Tenancy
Single
Listing Agency:
eLAvate,Inc.
Listed By:
Josh Hodeda · License #02091542
Source:
Milsteinestates
Added: Aug 12
Changed: Aug 22
Last Checked: Aug 24 at 2:44PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of eLAvate,Inc.
Investment Insights
Based on property information with market context.
Completed in March 2026, this three-story apartment property contains 15 residential units and a dedicated on-site office with a private restroom and HVAC. The 9,571-square-foot building sits on a 6,000-square-foot lot and is fully electric. Unit mix includes 7 studios, 6 two-bedroom/two-bath units, and 2 three-bedroom/two-bath units. The larger units include full-size in-unit washers and dryers, while the studio units are served by a common laundry room.
The entire residential unit count is subject to a single corporate master lease. Thirteen units carry recorded rental covenants, while both three-bedroom units are unrestricted and offered at market rate. Apartment interiors include stainless steel refrigerators, microwaves, dishwashers, and electric ranges. Ownership also provides internet and TV streaming through a Spectrum bulk agreement, with service extending to the on-site office.
The entire residential unit count is subject to a single corporate master lease. Thirteen units carry recorded rental covenants, while both three-bedroom units are unrestricted and offered at market rate. Apartment interiors include stainless steel refrigerators, microwaves, dishwashers, and electric ranges. Ownership also provides internet and TV streaming through a Spectrum bulk agreement, with service extending to the on-site office.
Key Highlights
- 15 residential units plus an on‑site office
- 100% master leased to one corporate tenant
- Three‑story building delivered in March 2026
Property Analytics
Property Profile
Current Use
Lease Details
15
Residential units
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
879
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Newly constructed multifamily property with an on-site office and a single corporate master lease.
Where is this apartment building located?
The property is located at 1156 W Florence Ave Los Angeles, CA.
What is the asking price?
The asking price for this property is $6,250,000.
What are key features of this property?
This property features: 15 residential units plus an on‑site office; 100% master leased to one corporate tenant; Three‑story building delivered in March 2026
