$1,095,000

2813 Florence Avenue, Los Angeles 90043

2

Beds

3

Baths

5,795

Lot Size

3

# Of Units

Listing Agent
Rafael Alvarado - VIP Real Estate Firm

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.

Facts & Features

MLS® # DW24037453
Price $1,095,000
Bedrooms 2
Bathrooms 3.00
Lot Size 5,795
Year Built 1950
Type Residential Income
Sub-Type Mixed Use
Status Active
# Of Units 3

Community Information

Address 2813 Florence Avenue
Area PHHT - Park Hills Heights
City Los Angeles
County Los Angeles
Zip Code 90043

Amenities

Parking Spaces 7
# of Garages 2
Is Waterfront No
Has Pool No
Pool None

Interior

Has Basement No
Fireplace No
# of Stories 1
Stories One

Exterior

Lot Description 0-1 Unit/Acre

Additional Information

Date Listed February 23rd, 2024
Days on Market 84
Zoning LAC2
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

AgentRafael Alvarado
OfficeVIP Real Estate Firm

Listing Map

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