Cash Cow;10.1% Return; 8.62% Cap Rate Mixed Use;

3799

Property ID

3,367 SqFt

Size

Description

$1,299,000 South Los Angeles

Highlights

  • Great for 1031 buyer or investor looking for good stable income with tenant paying $11,000/mth gross currently!
  • Large 9,593sf lot zoned C2/R4 & in a TOC Tier 2 area for added density bonuses
  • Rapidly appreciating section of LA & only miles from Inglewood & the new Rams/Chargers Stadium/Hollywood Park redevelopment

 Fantastic opportunity to purchase this cash-cow property with a strong stable tenant paying gross rent of $11,000/month + all utilities; landscaping & repairs/maintenance. Landlord only pays property taxes & own insurance. The unit mix: #1 (3 Bed 2 Bath House) $3,000/mth; #2(Commercial space with 3 private rooms/offices & a large common space + 2 Bathrooms) $3,000/mth; #3; (4 Bed 3 Bath House) $3,500/mth; #4 (Artist Garage) $1,500/mth. The property also has great future redevelopment potential. Featuring a 9,593sf double lot with C2/R4 zoning allowing for 24 new units to be build by-right on this site. The property also sits in a TOC Tier 2 area for added density bonuses, and would allow for as many as 38 new units to be constructed for a TOC project. Please contact us today to explore all the options with this unique property!

Address

Address: 1206 W Florence Ave, Los Angeles, CA 90044, USA
  • Province / State: California
  • City / Town: Los Angeles
  • Postal code / ZIP: 90044
Get Directions - Open on Google Maps
  • Property ID 3799
  • Price $1,299,000
  • Property Type Mixed Use
  • Property status For Sale
  • Year Built 1930
  • Size 3,367 SqFt
  • Land area 0.22.22 Acres
  • Sellers Motivation Retiring
  • Number of Units 4

Map View

Contact

deborah walker

Property Seller
deborahwalker@mac.com
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