247 W Florence, Los Angeles, CA 90003

Building Details

Year Built

1919

Listing agent Aaron Jacobson Show Phone

Listing office w***@lyonstahl.com Show Phone

Listing date Apr 22, 2026

Source Elliman

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 Aaron Jacobson

Report an issue

---

Overview

The property at 247 W Florence Avenue is a mixed-use investment opportunity in South Los Angeles, comprising eight units: five one-bedroom, one-bath residential units and three ground-floor commercial spaces. This combination offers a diverse income stream. The property is located along the active Florence Avenue corridor, providing convenient access to Downtown Los Angeles, the University of Southern California, Interstate 110, and Interstate 105. The location facilitates tenant access to employment centers and various amenities throughout the city. The property is currently operating at a 6.04% cap rate and 8.77 GRM, with approximately 40% rental upside, presenting a strong opportunity to increase cash flow through rent adjustments and operational improvements. The location has a bike score of 78, indicating it is very bikeable, a walk score of 74, indicating it is very walkable, and a transit score of 61, indicating good transit options.

Suggested Use

Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Skin Care Clinic

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

• Map
• Local Demand

City

Los Angeles

County

Los Angeles

State

California

Longitude

-118.2702185

Latitude

33.9748675

Nearby Similar for Sale

• 

  $2,600,000

  10,944 SF

  Los Angeles Commercial Investment Opportunity

  Prime investment property in the heart of the Fashion District.

  1212 S San Pedro Street, Los Angeles, CA 90015

  View Details
• 

  $1,199,999

  2,526 SF

  Los Angeles Retail Opportunity

  Single-tenant retail asset with high visibility and growth potential.

  4254 Floral, Los Angeles, CA 90063

  View Details
• 

  $3,990,000

  8,688 SF

  Prime Automotive Land in Los Angeles

  Six parcels with buildings in established automotive corridor.

  125 E Florence Ave, Los Angeles, CA 90003

  View Details
• 

  $950,000

  3,040 SF

  Los Angeles Industrial Owner-User Opportunity

  Rare industrial building in central Los Angeles, ideal for owner-users.

  1915 S Santa Fe, Los Angeles, CA 90021

  View Details
• 

  $1,175,000

  1,617 SF

  Eagle Rock Commercial/Residential Opportunity

  Commercially zoned property in Eagle Rock, ideal for live/work.

  1063 Colorado, Los Angeles, CA 90041

  View Details
• 

  $2,099,000

  10,233 SF

  Multifamily Property in Boyle Heights

  12-unit multifamily property in prime Boyle Heights, Los Angeles.

  117 N St Louis, Los Angeles, CA 90033

  View Details
• 

  $1,999,000

  12,306 SF

  Los Angeles Multifamily Investment Opportunity

  Classic 11-unit Spanish Colonial near Downtown Los Angeles.

  2375 W 12th St, Los Angeles, CA 90006

  View Details
• 

  $2,295,000

  10,492 SF

  Highland Park Multifamily Value-Add Opportunity

  14-unit apartment building in a sought-after Los Angeles location.

  820 Chestnut Ave, Los Angeles, CA 90042

  View Details
• 

  $895,000

  3,372 SF

  Four-Unit Residential Income Property

  Four-unit building with ample rear parking, including three 1-bedroom units and a 3-bedroom delivered vacant at close.

  1467 W Vernon, Los Angeles, CA 90062

  View Details
• 

  $1,556,000

  3,999 SF

  Adjacent 11-Unit Residential Income Properties

  Two adjacent multifamily buildings with 11 units on an LAR4-zoned lot, offering income and development flexibility.

  964 S New Hampshire Ave, Los Angeles, CA 90006

  View Details
• 

  $2,334,000

  3,786 SF

  Apartment Income Property with Covered Parking

  Two adjacent apartment buildings with 11 total units, covered parking, and LAR4 zoning sold concurrently.

  968 S New Hampshire Ave, Los Angeles, CA 90006

  View Details
• 

  $2,900,000

  7,300 SF

  Modern Multifamily Community in Los Angeles

  Newly constructed five-unit multifamily property in Pico-Union, Los Angeles.

  1724 Menlo Avenue, Los Angeles, CA 90006

  View Details

FAQs

What type of property is this?

Mixed-use property - Mixed-use property with residential and commercial units in South Los Angeles.

Where is this mixed-use property located?

The property is located at 247 W Florence 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: Strong cash flow opportunity: Currently operating at a 6.04% cap rate and 8.77 GRM with approximately 40% rental upside.; Mixed‑use investment featuring (5) residential units and (3) commercial spaces.; Attractive price point: Priced at $131,250 per unit and $163 per square foot.