Jeremiah Moersch REALTOR®
Office: 760-533-2540
2813 Florence Avenue, Los Angeles
$1,095,000
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2 Beds
3 Baths
.13 Acre
2 Garages
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.
Essential Information
- MLS® #
- DW24037453
- Price
- $1,095,000
- Bedrooms
- 2
- Bathrooms
- 3.00
- Acres
- 0.13
- Year Built
- 1950
- Type
- Residential Income
- Sub-Type
- Mixed Use
- Status
- Active
Community Information
- Address
- 2813 Florence Avenue
- Area
- PHHT - Park Hills Heights
- City
- Los Angeles
- County
- Los Angeles
- Zip Code
- 90043
- Community Features
- Street Lights, Sidewalks
- Senior Community
- N
Amenities
- Parking Spaces
- 7
- # of Garages
- 2
- Pool
- None
Interior
- # of Stories
- 1
- Stories
- One
Exterior
- Lot Description
- 0-1 Unit/Acre
Additional Information
- Date Listed
- February 23rd, 2024
- Days on Market
- 81
- Zoning
- LAC2
Listing Details
- Agent
- Rafael Alvarado
- Office
- VIP Real Estate Firm
LISTING MAP
Based on information from California Regional Multiple Listing Service, Inc. as of May 15th, 2024 at 3:55am PDT. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.