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Patricia Beattie

patricia@brivio.com +1(415) 286-8292

$1,025,000

Est. payment - /mo

5,967 Sqft Lot

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UPDATED:

Key Details

Property Type Single Family Home, Multi-Family

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

MLS Listing ID SB26085337

HOA Y/N No

Year Built 1919

Lot Size 5,967 Sqft

Property Sub-Type Mixed Use

Property Description

247 W Florence Avenue presents an opportunity to
acquire a mixed-use investment property in South Los
Angeles. The asset consists of eight total units, including
(5) one-bedroom/one-bath residential units and (3)
ground-floor commercial spaces, offering a diverse
income stream.
Priced at $128,125 per unit and $159 per square foot, the
property provides an attractive basis for investors. The
property is currently operating at a 6.21% cap rate and
8.56 GRM, with approximately 40% rental upside,
presenting a strong opportunity to increase cash flow
through rent adjustments and operational
improvements.
The property is located along the active Florence Avenue
corridor in South Los Angeles, offering convenient access
to Downtown Los Angeles, University of Southern
California, and major transportation routes including
Interstate 110 and Interstate 105, connecting tenants to
employment centers and amenities throughout the city.

Location

State CA

County Los Angeles

Area C42 - Downtown L.A.

Interior

Fireplace No

Laundry None

Exterior

Garage Spaces 4.0

Garage Description 4.0

Pool None

Community Features Curbs, Suburban, Sidewalks, Urban

Total Parking Spaces 4

Private Pool No

Building

Lot Description 0-1 Unit/Acre

Story 2

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 6012013049

Acceptable Financing Cash, Cash to New Loan, Conventional, Contract

Listing Terms Cash, Cash to New Loan, Conventional, Contract

Special Listing Condition Standard

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Listed by Aaron Jacobson Lyon Stahl Investment Real Estate, Inc. 310-729-1559, DRE #02100737

Nearby School & Business

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Patricia Beattie

+1(415) 286-8292

Broker | License ID: 01405369

Broker License ID: 01405369

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247 W Florence Los Angeles, CA 90003

Patricia Beattie

Key Details

Location

Interior

Exterior

Building

Others

Nearby School & Business

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