Mixed-Use Investment Opportunity in Los
247 W Florence Los Angeles, CA 90003
For Sale
$1,050,000
Mixed-use property with residential and commercial units in South Los Angeles.
Property Size6,442 SF
Price / SF$162.99
Days on Market97
Property Features for 247 W Florence
General Information
- Standard status
- Active
- Size
- 6,442 SF
- Property subtype
- Investment
Building Details
- Year Built
- 1919
Listing Agency:
(310) 600-9858
Listed By:
Aaron Jacobson
(310) 729-1559
Source:
Elliman
Added: Apr 22
Changed: Jul 10
Last Checked: Jul 26 at 10:27AM
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
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
Property Profile
Location Intelligence
Current Use by Public Records
Lupita's Beauty Cuts ...
Barber Shop
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.
