Listing provided courtesy of BRC Advisors- BH- MLS# 26644131MLS Provider

1508 W Florence AveLos Angeles, CA 90047

Multi-Family · 12 Beds · 4,910 Sq. ft. | 0.07 Acres
$1,775,000 Active

1508 W Florence Ave Overview

Time on Site:
153 days
Visits:
0

1508 W. Florence Avenue is a well-maintained six-unit multifamily investment property constructed in 1990. Importantly, the property is not subject to the City of Los Angeles Rent Stabilization Ordinance (RSO) due to its year of construction; however, it is subject to California's AB 1482 (Tenant Protection Act), providing investors with a more favorable regulatory framework than older, fully rent-controlled assets. The asset features a diverse and desirable unit mix consisting of two (2) one-bedroom/one-bath units, two (2) two-bedroom/one-bath units, and two (2) three-bedroom/one-bath units, totaling approximately 4,940 rentable square feet on a 5,902-square-foot lot. This balanced mix attracts a broad tenant base and helps mitigate vacancy risk. The property offers ample on-site gated parking and a secured gated entry, amenities that are increasingly important to tenants and supportive of strong occupancy. The central Florence Avenue location provides convenient access to major transportation corridors, employment centers, and neighborhood retail, with proximity to Inglewood, Downtown Los Angeles, and LAX.1508 W. Florence Avenue represents a durable, income-oriented investment offering regulatory flexibility, tenant appeal, and long-term appreciation potential in a core Los Angeles rental corridor.

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1508 W Florence Ave Facts & Features

  • Type Multi-Family
  • Sq. ft. 4,910
  • Price/Sq.ft. $362
  • Lot 0.07 Acres

Details

General

Income/Expenses

  • Gross Income: 176367
  • Net Operating Income: 127101.00

Building Information

  • Year Built: 1990

Location/Region

  • Country: US
  • County Or Parish: Los Angeles
  • MLS Area Major: Metropolitan Southwest

Tax Information

  • Tax Assessed Value: 864746

General Information

  • Disclosures: As Is
  • Property Type: Residential Income
  • Zoning: LAC2

Interior

Beds/Baths

  • Bathrooms Total: 6.00
  • Bedrooms Total: 12

General Information

  • Common Walls: Attached
  • Cooling: Ceiling Fan
  • Heating: Wall
  • Levels: Multi/Split
  • Living Area: 4910
  • Living Area Source: Vendor Enhanced
  • Stories: 0

Exterior

Parking Information

  • Open Parking Spaces: 12
  • Parking Total: 12

Lot Information

  • Additional Parcels Description: True
  • Lot Size Area: 2951
  • Lot Size Dimensions: 25x118
  • Lot Size Source: Vendor Enhanced
  • Number Of Buildings: 1

General Information

  • Number Of Units Total: 6
  • Other Structures: None

1508 W Florence Ave Neighborhood

Community

90047 (Los Angeles) Demographics

38
Median Age
10,793
Population Density (per sq. mile)
26%
College Educated
$58,830
Estimated Median Income
9,505
Estimated Total Home Owners
7,692
Estimated Total Renters
55% / 45%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

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.

1508 W Florence Ave Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

1508 W Florence Ave Market Data

Based on the last 30 days in this zip code

$773,162
Average List Price
$536
Average Price per Square Foot
21
Properties Sold
79
Average Days on Market
287
Properties for Sale
Calculations provided by Reliance Network

1508 W Florence Ave History

Date Event Value Agent
1/27/2026Source: CRMLS Added to Database
January 27, 2026
1/27/2026Source: TheMLS (CLAW) Added to Database
January 27, 2026
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