1412 W Florence Ave Los Angeles, CA 90047
High-yield mixed-use property with renovated units and commercial space.
Lot size:
0.14 AcresProperty Features for 1412 W Florence Ave
General Information
- Lot size
- 0.14 Acres
Building Details
- Year built
- 1948
Source: Marcus & Millichap
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Renovated Mixed-Use Investment Opportunity
The property at 1412 W Florence Ave is a mixed-use investment opportunity located in South Los Angeles. It features five renovated apartment units with modern finishes. There is also a ground-floor commercial space, delivered vacant and move-in ready. The property offers potential for an ADU conversion. The property is located on a well-traveled corridor with strong demographics, combining stable residential income with visible retail exposure. It also qualifies for 100% bonus depreciation, creating tax advantages for new ownership.
Insight Report
Location Intelligence
Current Use by Public Records
Retail space
Location Insight
- Map
- Local Demand
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Longitude
- -118.2494257
- Latitude
- 33.97456
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - High-yield mixed-use property with renovated units and commercial space.
Where is this mixed-use property located?
The property is located at 1412 W Florence Ave Los Angeles, CA.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: - High-yield investment opportunity with a **9.12% CAP rate** and 7.03 GRM.; - Immediate **double-digit cash-on-cash returns**.; - Five renovated apartment units with modern finishes.