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Listed by Pila Jessie and Yvonne Regis of KHORR Realty
Welcome to a prime investment opportunity in the heart of the city! We are pleased to present 8 units located at 1116-1124 West Florence Avenue. This property boasts a large lot (over a quarter of an acre), zoning advantages (TOC Tier 2), and multiple avenues for growth. The property features a well-balanced unit mix with stable tenants. The surrounding area is undergoing redevelopment, and the location is accentuated by its close proximity to major entertainment venues such as The Forum (3.8 miles away), SoFi Stadium (4 miles away), BMO Stadium(3 miles away) and Downtown LA (5 miles away). With a vast lot spanning 12,093 square feet, the property offers ample space for parking and additional development. The inclusion of a separate laundry room provides an additional avenue for generating monthly income. With easy access to transit, stores, shops, and the freeway it offers the convenience and connectivity that tenants seek. With its proximity to entertainment venues, development potential, and upside in rent and appreciation, this property is a premium investment opportunity for savvy investors. Drive by only, please do NOT disturb tenants, offers should be made subject to interior inspection and property is subject to city of LA rent control. + Broker and agents do not represent or guarantee the accuracy of the square footage, income, expenses, condition,development potential, bedroom/ bathroom count, lot size or lot lines, dimensions, permitted or non-permitted spaces, or school eligibility. There are no warranties or guarantees, buyer to rely solely on his/her own findings. ++Drive by only, please do NOT disturb tenants, offers should be made subject to interior inspection. See private remarks.

Property Details of 1122 W Florence Avenue

Property Details

Interior Features

Exterior Features

Utilities and Appliances

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Driving Directions

Based on information submitted to CRMLS as of February 23, 2024 6:27 PM EST . All data is deemed reliable but is not guaranteed accurate by the MLS. All information should be independently reviewed and verified for accuracy. IDX information is provided exclusively for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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