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Chuck Lamm

chuck.lamm@engelvoelkers.com +1(818) 652-2876

$ 989,900

Est. payment -/mo

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Active

2813 W Florence AVE Los Angeles, CA 90043

1,940 SqFt

UPDATED:

09/30/2024 06:31 PM

Key Details

Property Type Multi-Family

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 1,940 sqft

Price per Sqft $510

MLS Listing ID DW24177901

HOA Y/N No

Year Built 1950

Lot Size 5,793 Sqft

Property Description

Introducing this great investment opportunity in prime Hyde Park. This property consists of a mix-use with 2 office fronts and a single family home, totaling 3 units total. Wonderful added value project for a savvy investor. Currently property is collecting a total of $6,150 a month with both offices being rented at $2,200 each and $1,750 for the 2 bedroom and 1 bath SFR. Several exist strategies can be to convert the detached garage into and ADU to make up a fourth unit or build multi-family housing using is high density LAC2 Tier 2 zone. Another option is to renovate and slightly increase rents to full market rate. This property sits on a desirable location with heavy foot traffic. 2027 located couple miles from the Crenshaw/LAX Transit Project and the Baldwin Hills Crenshaw Plaza Master Plan Project. This pocket's target is to invest an estimate of $1B in the next 4-6 years. Other near businesses and retailers include Well's Fargo, McDonalds, US postal service, SOFI stadium (1.5mi), LAX airport (5.5mi), and Silicon Beach.

Location

State CA

County Los Angeles

Area Phht - Park Hills Heights

Zoning LAC2

Rooms

Ensuite Laundry None

Interior

Laundry Location None

Fireplace No

Laundry None

Exterior

Garage Spaces 2.0

Garage Description 2.0

Pool None

Community Features Street Lights, Sidewalks

Total Parking Spaces 7

Private Pool No

Building

Lot Description 0-1 Unit/Acre

Story 1

Entry Level One

Sewer Public Sewer

Water Public

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 4008025012

Acceptable Financing Cash, Conventional, Submit

Listing Terms Cash, Conventional, Submit

Special Listing Condition Standard

Listed by Rafael Alvarado • VIP Real Estate Firm • 562-205-7372

Chuck Lamm

Broker Associate | License ID: 00857151

+1(818) 652-2876

Chuck Lamm

2813 W Florence AVE Los Angeles, CA 90043

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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2813 W Florence AVE