1412 W Florence Ave new Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90047
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,044 sqft
Price per Sqft $328
MLS Listing ID 25599017
Bedrooms 10
Year Built 1948
Lot Size 5,902 Sqft
Acres 0.1355
Property Sub-Type Multi-Family
Property Description
We are pleased to present 1412 W Florence Ave, a high-yield mixed-use investment in South Los Angeles. The property features five renovated apartment units with modern finishes and one ground-floor commercial space, delivered vacant and move-in ready with potential for an ADU conversion. Offered at a 9.12% CAP rate, 7.03 GRM, and just $166,500 per unit, the property delivers immediate double-digit cash-on-cash returns alongside durable long-term upside. Located on a well-traveled corridor with strong demographics, 1412 W Florence Ave combines stable residential income with visible retail exposure. It also qualifies for 100% bonus depreciation, creating meaningful tax advantages for new ownership.
Location
State CA
County Los Angeles
Area Metropolitan Southwest
Zoning LAC2
Rooms
Other Rooms None
Interior
Heating Central
Cooling Air Conditioning
Fireplaces Type Kitchen, Living Room, Dining, Family Room, Bath
Equipment Alarm System, Built-Ins, Garbage Disposal, Freezer, Dryer, Dishwasher, Hood Fan, Range/Oven, Refrigerator, Washer
Laundry None
Exterior
Parking Features Carport
Garage Spaces 5.0
Building
Lot Description Fenced, Exterior Security Lights
Story 2
Level or Stories Two
Others
Special Listing Condition Standard