About 2813 W Florence Ave
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.
Features of 2813 W Florence Ave
| MLS® # | DW24037453MR |
|---|---|
| Price | $1,095,000 |
| Bedrooms | 2 |
| Bathrooms | 3.00 |
| Square Footage | 1,940 |
| Acres | 0.13 |
| Year Built | 1950 |
| Type | Residential Income |
| Status | Active |
Community Information
| Address | 2813 W Florence Ave |
|---|---|
| Area | Park Hills Heights |
| City | LOS ANGELES |
| County | Los Angeles |
| State | CA |
| Zip Code | 90043 |
Amenities
| Parking Spaces | 7 |
|---|---|
| # of Garages | 2 |
| Is Waterfront | No |
| Has Pool | No |
| Pool | None |
Interior
| Fireplace | No |
|---|---|
| # of Stories | 1 |
| Has Basement | No |
Additional Information
| Date Listed | February 23rd, 2024 |
|---|---|
| Days on Market | 84 |
| Zoning | LAC2 |
| Foreclosure | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Rafael Alvarado (02094533) |
|---|---|
| Office | VIP Real Estate Firm |