321-325 E Florence Avenue Los Angeles, CA 90003
MULTI_FAMILY - Los Angeles, CA
- Added:
- Jul 6, 2018
- Days on Market:
- 2928
- Last Refresh:
- Jul 11 at 10:06 am
Property Features for 321-325 E Florence Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- LAC2
- Standard status
- Pending
- APN
- 6011008027
Listing agent Isaac Rosales License #01389408 (310) 754-0124
Listing office Berkshire Hathaway H.S.C.P. 8141 E 2nd Street #110, Hacienda Heights, CA (562) 419-7531
Listing date Jul 6, 2018
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Investment Insights
Based on property information with market context.
The development concept referenced in the materials includes a parking-first approach, with parking for first-floor units and residential levels on the second and third floors, and possibly a fourth floor depending on the final design. The owner notes that development should be confirmed with a professional.
The site’s current operating status is also a factor for buyers to consider, as the property is currently being leased out to a car dealership. For developers and investors, the combination of two parcels and zoning that allows R4 concepts provides a practical framework to evaluate a multi-unit residential project, while the existing dealership lease may offer near-term income continuity during planning and entitlement discussions.
Key Highlights
- Two parcels for sale: 321 and 325 Florence Ave., Los Angeles, CA 90003
- C2 zoning with R4 allowed; building height up to 45 ft (3:1 height)
- Zoning supports up to 17 units depending on design, room layout, and parking plan
