Remodeled Mixed-Use
2921 FLORENCE Los Angeles, CA 90043
2921 FLORENCE, Los Angeles, CA, 90043
$899,000
For Sale
$899,000
Remodeled mixed-use property featuring retail space and residential unit.
Property Size1,950 SF
Lot Size0.07 Acres
Price / SF$461.03
Days on Market303
Property Features for 2921 FLORENCE
General Information
- Standard status
- Active
- Size
- 1,950 SF
- Lot size
- 0.07 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1955
Listing Agency
TAMAYO & ASSOC. R.E.
(888) 490-1444
Listed by
SUSANA BOGGIO · License #01439504
Source
Corcoran
Added: Sep 18, 2025 Checked: Jul 17 at 2:58 am
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 TAMAYO & ASSOC. R.E.
Investment Insights
Based on property information with market context.
This remodeled mixed-use property features a first-floor retail building with a bathroom compliant with ADA regulations. The retail space includes new floors, walls, windows, and doors, along with a mini-split A/C system. All renovations were completed with permits and brought up to code with the LADBS. The upper unit is a two-bedroom apartment with two full bathrooms, a new kitchen, cabinets, windows, and doors, and two A/C units in the bedrooms. A large covered patio provides space for gatherings. The property includes a spacious concrete patio and a two-car garage that is ready to be converted into an ADU. The property also features a new garage door, a waterless water tank, and an upgraded electrical panel with 200 amps for the business and 100 amps for the residential unit. The property is suitable for running a business and renting out the apartment. The property size is 1950 square feet.
Key Highlights
- Remodeled mixed‑use property with first‑floor retail space and a 2‑bedroom apartment, offering income potential.
- Retail space is ADA compliant, with new floors, walls, windows, and doors, and A/C mini‑split system.
- Upper 2‑bedroom apartment is totally redone with new kitchen cabinets, windows, doors, and two A/C units in the bedrooms.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $72.1k | $36.96 |
| − Vacancy | −$7.4k | −$3.81 |
| EGI | $64.6k | $33.15 |
| − OpEx | −$19.4k | −$9.95 |
| NOI | $45.3k | $23.21 |
1,950 SF · lease $36.96/SF/yr · vacancy 10.30% · expense 30.00%
Alternative Uses
Best Use
Apartment 5plus
$34.47M
$30.17M – $40.22M
NOI $2,413,230 @ 7.0% cap · market cap 268.43%
Second Best
Retail
$646.5K
$565.7K – $754.2K
NOI $45,254 @ 7.0% cap · market cap 5.03%
Theoretical Best
Multifamily LT 5
$39.51M
$34.57M – $46.09M
NOI $2,765,408 @ 7.0% cap · market cap 307.61%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Remodeled mixed-use property featuring retail space and residential unit.
Where is this mixed-use property located?
The property is located at 2921 FLORENCE Los Angeles, CA.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Remodeled mixed‑use property with first‑floor retail space and a 2‑bedroom apartment, offering income potential.; Retail space is ADA compliant, with new floors, walls, windows, and doors, and A/C mini‑split system.; Upper 2‑bedroom apartment is totally redone with new kitchen cabinets, windows, doors, and two A/C units in the bedrooms.
