247 W Florence Los Angeles, CA 90003

Building Details

Year Built

1919

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

Listing date Apr 22, 2026

Source Elliman

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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.

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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.