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Los Angeles, CA 90043 2214 W Florence Avenue

$1,050,000

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Presented By: Dan Stueve with Equity Union;
  • MLS# 24370953
  • 03/21/2024
  • Request Tour
  • Request Info
  • FootageSQFT • 2,500

Home Details

Are you geared up for an outstanding opportunity to acquire a 4-unit building that produces consistent cash flow, presenting promising avenues for expansion? Monthly Pro Forma Rent is $6,600 with a cap rate of 5.14%. Additionally, featuring 8 uncovered parking spaces in the back and additional parking across the street at the county library, it operates seamlessly like a finely tuned mechanism. Take swift action, as this opportunity is passing and will soon be gone.
Presented By: Dan Stueve with Equity Union;

Interior Features for 2214 W Florence Avenue

Bathrooms

Total Baths

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Electric On Property Y/NNo
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesNone
Street SuffixAvenue
Total Stories1

General for 2214 W Florence Avenue

Additional Parcels Y/NNo
Attached Garage No
Business TypeRetail
Buyer FinancingCash
Cap Rate5.1
Carport Y/NNo
CityLos Angeles
Construction MaterialsStucco, WoodSiding
CountyLos Angeles
Days on Market1
DirectionsSee Map
Garage Y/NNo
HOA0.0
HOA / Comm AssnNo
HeatingNone
Home Warranty Y/NNo
Insurance Expense2520.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Listing TermsCash
Lot Size Square Feet5792.0
MLS AreaPHHT - Park Hills Heights
MaintenanceExpense6000.0
MobileHomeRemainsYNNo
Net Operating Income50355.0
New ConstructionNo
Open Parking Spaces8.0
Private PoolNo
Property Attached Y/NNo
Property TypeCommercialSale
Rent Control Y/NNo
RoofFlat
Security FeaturesCarbonMonoxideDetectors, SmokeDetectors
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Street NameFlorence
Total Units4
View Y/NNo
Waterfront Y/NNo
Year Built1941
ZoningLAC2

Exterior for 2214 W Florence Avenue

Building Area Total2500.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Size Acres0.133
Lot Size Area5792.0
Lot Size UnitsSquareFeet
Number of Buildings1
Open Parking Y/NNo
SpaNo
Total Parking8.0
Water SourcePublic

Additional Details

Price History

1527188455

First Team Client Services

Price $1,050,000
MLS#24370953
List Date 03/21/2024
Property Type Commercial
Phone 714.964.3311
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CRMLS Compliance Statements & Disclaimers

*According to the National Association of Realtors