Mixed-Use Investment Opportunity in Los
For Sale
$1,025,000
247 W Florence, Los Angeles, CA 90003
Mixed-use property with residential and commercial units in South Los Angeles.
Property Size6,410 SF
Price / SF$159.11
Days on Market143
Property Features for 247 W Florence
General Information
Standard status
Active
Size
6,410 SF
Property subtype
Mixed Use
Building Details
Building Size
6,410 SF
Year Built
1919
Listing Agency:
Lyon Stahl Investment Real Estate, Inc.
Listed By:
Aaron Jacobson · License #02100737
(310) 729-1559
Source:
Truthrealty
Added: Apr 21
Changed: Aug 28
Last Checked: Sep 10 at 5:49AM
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, Inc.
Investment Insights
Based on property information with market context.
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.
Key Highlights
- 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.
Property Analytics
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Current Use
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
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
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 $1,025,000.
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.
