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Request Info$1,050,000
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247 W Florence Overview
- Time on Site:
- 69 days
- Visits:
- 0
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 $131,250 per unit and $163 per square foot, the property provides an attractive basis for investors. 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 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.
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247 W Florence Facts & Features
- Type Multi-Family
- Sq. ft. 6,410
- Price/Sq.ft. $164
- Lot 0.14 Acres
Details
General
Association/HOA
- Common Interest: Community Apartment
Income/Expenses
- Gross Income: 119794.0
- Gross Scheduled Income: 119794.0
- Net Operating Income: 63375.0
- Operating Expense: 50430.0
Building Information
- New Construction: No
- Year Built: 1919
Location/Region
- Country: US
- County Or Parish: Los Angeles
- MLS Area Major: C42 - Downtown L.A.
- Postal City: LOS ANGELES
Community/Development
- Community Features: Curbs,Suburban,Sidewalks,Urban
Rent/Lease Information
- Land Lease: No
General Information
- Listing Terms: Cash,Cash to New Loan,Conventional,Contract
- Parcel Number: 6012013049
- Property Sub Type: Mixed Use
- Property Type: Residential Income
- Rent Control: Yes
- Senior Community: No
- Special Listing Conditions: Standard
Interior
Parking Information
- Garage Spaces: 4.0
- Garage: Yes
Building Interior
- Building Area Total: 6410.0
- Building Area Units: Square Feet
General Information
- Common Walls: No Common Walls
- Entry Level: 1
- Entry Location: Front
- Laundry Features: None
- Stories Total: 2
Exterior
Parking Information
- Parking Total: 4.0
Lot Information
- Additional Parcels: No
- Lot Features: 0-1 Unit/Acre
- Lot Size Acres: 0.137
- Lot Size Area: 5969.0
- Lot Size Source: Assessor
- Lot Size Square Feet: 5969.0
- Lot Size Units: Square Feet
- Number Of Buildings: 1
- Number Of Separate Electric Meters: 8
- Number Of Separate Gas Meters: 8
- Number Of Separate Water Meters: 1
- Elevation Units: Feet
- Water Source: Public
Building Exterior/Construction
- Property Attached: No
General Information
- Number Of Units Total: 8
- Pool Features: None
- Pool Private: No
- Sewer: Public Sewer
247 W Florence Neighborhood
Community
90003 (Los Angeles) Demographics
29
Median Age
20,870
Population Density (per sq. mile)
10%
College Educated
$42,220
Estimated Median Income
4,717
Estimated Total Home Owners
12,825
Estimated Total Renters
27% / 73%
Estimated Owner / Renter Divide
4
Estimated Average Household Size
Schools
School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.247 W Florence Monthly Cost
247 W Florence Market Data
Based on the last 30 days in this zip code
$629,258
Average List Price
$499
Average Price per Square Foot
19
Properties Sold
133
Average Days on Market
145
Properties for Sale
247 W Florence History
| Date | Value | Agent |
|---|---|---|
| 4/21/2026Source: CRMLS | April 21, 2026 |
Listing provided courtesy of Lyon Stahl Investment Real Estate, Inc.Aaron Jacobson- MLS# SB26085337
Contact Information: 310-425-9838
Contact Information: 310-425-9838