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    1204 W Florence Avenue

    Los Angeles (City), CA 90044
    • $420,000
    • STATUS: Active Under Contract
    • ON SITE: 54 days
    • ID#: SB20205006
    Under Contract
    UPDATED: 39 min ago
    $420,000
    • 0
      BEDS
    • 0.11
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 886
      SQFT
    • $474
      $/SQFT
    Type:
    Multi-Family
    Built:
    1922
    County:

    School Ratings & Info

    Description

    Huge Price Reduction to $420K now for this intriguing 1204 W. Florence Avenue listing so bring all offers. There's currently a VACANT 3 Bedroom 2 Bath Home on-site + two garages, which could be easily converted into new ADU units to add significant income/value quickly. This 4,797sf lot is also zoned commercial C2 so you'd be able to fully redevelop the site with approximately 10 new units in the future. High-visibility location & well-located between Normandie & Vermont Blvd with close access to the metro trainline & only minutes from the 110 for ease of commuting. There's a ton of redevelopment activity already in the immediate area! The adjacent triplex at 1206-1210 W. Florence is also listed for $730K presently.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-11-24T20:30:58.927. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Legacy 15 Real Estate Brokers. Licensed in the State of California, USA.

    www.legacy15.com/homes/110549267
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    1204 W Florence Avenue Los Angeles (City), CA 90044

    • Price: $420,000
    • Status: Active Under Contract
    • Updated: 39 min ago
    • ID#: SB20205006
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.11
    Acres
    886
    SQFT
    $474
    $/SQFT
    1922
    Built
    Neighborhood:
    C36 - Metropolitan Southwest
    County:
    Los Angeles
    Area:
    C36 - Metropolitan Southwest
    Property Description
    Huge Price Reduction to $420K now for this intriguing 1204 W. Florence Avenue listing so bring all offers. There's currently a VACANT 3 Bedroom 2 Bath Home on-site + two garages, which could be easily converted into new ADU units to add significant income/value quickly. This 4,797sf lot is also zoned commercial C2 so you'd be able to fully redevelop the site with approximately 10 new units in the future. High-visibility location & well-located between Normandie & Vermont Blvd with close access to the metro trainline & only minutes from the 110 for ease of commuting. There's a ton of redevelopment activity already in the immediate area! The adjacent triplex at 1206-1210 W. Florence is also listed for $730K presently.
    Exterior Features

    Garage Spaces 2.00 Lot Features 0-1 Unit/Acre Lot Size Source Assessor Lot Size Units Square Feet Parking Total 2.00 Pool Features None Pool Private YN No Property Attached YN No

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls No Common Walls Laundry Features Outside Levels One Room Type All Bedrooms Down

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Community Features Urban Country Us Electric Expense 0.00 Elevation Units Feet Fuel Expense 0.00 Gross Income 31200.00 Gross Operating Income 30264.00 Gross Scheduled Income 31200.00 Insurance Expense 1000.00 Land Lease YN No Laundry YN Yes Net Operating Income 21527.00 New Construction YN No New Taxes Expense 6238.00 Number Of Separate Electric Meters 1 Number Of Separate Gas Meters 1 Number Of Separate Water Meters 1 Operating Expense 8738.00 Property Sub Type Single Family Residence Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays None Total Expenses 8738.00 Trash Expense 0.00 Vacancy Allowance 936 Vacancy Allowance Rate 3.00 Water Sewer Expense 1500.00 Water Source Public Year Built Source Assessor Zoning Lac2

    Listing provided courtesy of Matthew Dunfrund of Lyon Stahl Investment Real Estate, Inc. and Gavin Bialecki of Lyon Stahl Investment Real Estate, Inc.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-11-24T20:30:58.927. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Legacy 15 Real Estate Brokers. Licensed in the State of California, USA.

     
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