Eight-Unit Mixed-Use
For Sale
Contact for pricing
247 1/2 W Florence Ave, Los Angeles, CA 90003
Residential apartments combine with ground-floor commercial spaces in a mixed-use property along Florence Avenue.
Property Size6,410 SF
Price / SF$163.81
Days on Market133
Property Features for 247 1/2 W Florence Ave
General Information
Standard status
Active
Size
6,410 SF
Class
C
Property subtype
Mixed Use
Zoning
LA C2
Net Operating Income
$63,375
Financials
Cap Rate
6.04%
Gross Rent Multiplier
8.77
Site & Location
Highway Access
Yes
Road Access
Yes
Units
Unit Mix
5 x 1BR/1BA
Multifamily Units
5
Building Details
Year Built
1919
Buildings
1
Stories
1
Units
7
Listing Agency:
Lyon Stahl Investment Real Estate
(310) 729-1559
Listed By:
Aaron Jacobson · License #02100737
Source:
Crexi
Added: Apr 20
Changed: Aug 30
Last Checked: Aug 30 at 3:57PM
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 Lyon Stahl Investment Real Estate
Investment Insights
Based on property information with market context.
This mixed-use property contains eight total units arranged as five one-bedroom, one-bath residential apartments and three commercial spaces at the ground floor. The building provides both residential and commercial components within a single asset and encompasses 6,410 square feet. Constructed in 1919, the property is zoned LA C2.
The property is located on Florence Avenue in South Los Angeles, with access to Downtown Los Angeles, the University of Southern California, Interstate 110, and Interstate 105. The location connects the asset with employment centers, transportation routes, and city amenities. Current operating metrics include a 6.04% cap rate and an 8.77 GRM.
The property is located on Florence Avenue in South Los Angeles, with access to Downtown Los Angeles, the University of Southern California, Interstate 110, and Interstate 105. The location connects the asset with employment centers, transportation routes, and city amenities. Current operating metrics include a 6.04% cap rate and an 8.77 GRM.
Key Highlights
- Eight‑unit configuration with 5 one‑bedroom/one‑bath apartments and 3 ground‑floor commercial spaces
- 6,410‑square‑foot mixed‑use property built in 1919
- Zoned LA C2
Property Analytics
Current Use
Lease Details
5
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,354
Businesses Nearby
Explore this area
Business Placement
Demographics for 90003, CA
72,764
Population
18,349
Households
4
Avg Household Size
30
Median Age
7%
College-Educated
53%
High-School Grad
3.6 sq mi
ZIP Area
20,212
Density / Sq Mi
$54,781
Median Household Income
$30,132
Median Earnings
$1,515
Median Rent
$547,600
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?
Mixed-use property - Residential apartments combine with ground-floor commercial spaces in a mixed-use property along Florence Avenue.
Where is this mixed-use property located?
The property is located at 247 1/2 W Florence Ave Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: Eight‑unit configuration with 5 one‑bedroom/one‑bath apartments and 3 ground‑floor commercial spaces; 6,410‑square‑foot mixed‑use property built in 1919; Zoned LA C2
