Search
1162 W Florence Ave, Los Angeles, CA 90044
Image 2 for 1162 W Florence Ave, Los Angeles, CA 90044
Image 3 for 1162 W Florence Ave, Los Angeles, CA 90044
View Photos

1162 W Florence Ave Los Angeles, CA 90044

$650,000
  • -- Beds
  • -- Baths
  • -- Sq.Ft.
For Sale
$650,000 Get Pre-Qualified
Map preview of 1162 W Florence Ave, Los Angeles, CA 90044

Property Overview: 1162 W Florence Ave Los Angeles, CA has -- bedrooms, -- bathrooms, -- living square feet and 6,049 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: The 6,047 square foot vacant corner lot at 1162 W Florence Ave offers a prime opportunity for development, with zoning conducive to multiple possibilities, including 100% affordable housing. Phase 1 and Phase 2 reports are readily available, ensuring the property's suitability for development. With dimensions of 50x120 and ample access, the lot presents a blank canvas for creative development ideas.

Listed by Jordan Petito | BRE #02023714 | Keller Williams Beverly Hills
Last checked: 15 minutes ago | Last updated: March 19th, 2024 | Source CRMLS | DOM: 38
Get a $1,463 Cash Reward New

Buy this home with Ardent Real Estate Group and get $1,463 back.

Call/Text (714) 706-1823

Home details

Lot Sq. Ft
6,049
HOA Dues
$0/mo
Year built
--
Garage
--
Property Type:
Land
Status
Active
MLS#
24367367
City
Los Angeles
County
Los Angeles
Time on Site
45 days

Open Houses for 1162 W Florence Ave

No upcoming open houses

Schedule Tour

Property Details for 1162 W Florence Ave

Lot Details / Garage and Parking
Property Information
  • No View
  • View: None
  • Parcel Number: 6019011001
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: South East corner of Florence and Budlong
View more facts & features

Local Los Angeles Agent

Sale History for 1162 W Florence Ave

Last sold for $530,000 on May 13th, 2020

  • March, 2024

  • Mar 14, 2024

    Date

    Canceled

    CRMLS: 23314261

    $650,000

    Price

  • Sep 22, 2023

    Date

    Active

    CRMLS: 23314261

    $795,000

    Price

  • Listing provided courtesy of CRMLS

    America Partner of Keller Williams Beverly Hills is pleased to present the sale of 1162 W Florence Ave, Los Angeles, CA 90044. This 6,047 square foot vacant corner lot, zoned C2, offers a blank canvas for multiple development possibilities, including the potential for a 100% affordable housing project. Located in a high-demand area of Los Angeles, this property is primed for a project that combines community impact with solid investment potential.

  • March, 2024

  • Mar 11, 2024

    Date

    Active

    CRMLS: 24367367

    $650,000

    Price

  • May, 2020

  • May 14, 2020

    Date

    Sold

    CRMLS: OC20060679

    $530,000

    Price

  • Apr 27, 2020

    Date

    Pending

    CRMLS: OC20060679

    $550,000

    Price

  • Mar 25, 2020

    Date

    Active

    CRMLS: OC20060679

    $550,000

    Price

  • Listing provided courtesy of CRMLS

    What an opportunity to build in one of the quickest growing neighborhoods in all of Los Angeles. The subject property is a 50x120 CORNER lot (6,047 sq feet) zoned C2 that sits on the cross streets of Budlong and Florence. By right, the site allows for 15 units and if you were to take advantage of the tier 2 TOC zoning you can build up to 23 units. Florence is the main artery into all the development going on around the new Clippers and Rams Stadium. The site is 1.1 miles away from the new Clippers arena and just 3.7 miles from the Rams NFL stadium. The seller has already paid for preliminary plans to build a 3 story 6 unit development that features 7,500 square feet of living space and on-grade parking. The plans call for the following - 4 units consisting of 3 bedrooms 3 bathrooms and 2 units consisting of 4 bedrooms 1 bath. Once stabilized with market rents this building will gross 18,000 / month and yield a 5.25% cap rate at a 2.96 million valuation. Please check the supplements for a copy of the preliminary floor plan and complete site profile which provides more information on the site along with demographic data.

  • May, 2020

  • May 14, 2020

    Date

    Sold

    CRMLS: OC20060689

    $530,000

    Price

  • Apr 27, 2020

    Date

    Pending

    CRMLS: OC20060689

    $550,000

    Price

  • Mar 25, 2020

    Date

    Active

    CRMLS: OC20060689

    $550,000

    Price

  • Listing provided courtesy of CRMLS

    What an opportunity to build in one of the quickest growing neighborhoods in all of Los Angeles. The subject property is a 50x120 CORNER lot (6,047 sq feet) zoned C2 that sits on the cross streets of Budlong and Florence. By right, the site allows for 15 units and if you were to take advantage of the tier 2 TOC zoning you can build up to 23 units. Florence is the main artery into all the development going on around the new Clippers and Rams Stadium. The site is 1.1 miles away from the new Clippers arena and just 3.7 miles from the Rams NFL stadium. The seller has already paid for preliminary plans to build a 3 story 6 unit development that features 7,500 square feet of living space and on-grade parking. The plans call for the following - 4 units consisting of 3 bedrooms 3 bathrooms and 2 units consisting of 4 bedrooms 1 bath. Once stabilized with market rents this building will gross 18,000 / month and yield a 5.25% cap rate at a 2.96 million valuation. Please check the supplements for a copy of the preliminary floor plan and complete site profile which provides more information on the site along with demographic data.

  • May, 2020

  • May 13, 2020

    Date

    Sold (Public Records)

    Public Records

    $530,000

    Price

  • August, 2019

  • Aug 6, 2019

    Date

    Sold

    CRMLS: CV19158321

    $450,000

    Price

  • Jul 18, 2019

    Date

    Pending

    CRMLS: CV19158321

    $460,000

    Price

  • Jul 4, 2019

    Date

    Active

    CRMLS: CV19158321

    $460,000

    Price

  • Listing provided courtesy of CRMLS

    Zoned Commercial Lot on Very Busy L.A. Street.

  • August, 2019

  • Aug 6, 2019

    Date

    Sold (Public Records)

    Public Records

    $450,000

    Price

Show More

Tax History for 1162 W Florence Ave

Assessed Value (2020): --
Year Land Value Improved Value Assessed Value
2020 $450,000 -- --

Home Value Compared to the Market

This property vs the competition

1162 W Florence Ave is listed 47.96% lower than the median list price for the city of Los Angeles which has a median list price of $1,249,000.

About 1162 W Florence Ave

Detailed summary of property

1162 W Florence Ave is a land located in Los Angeles, CA 90044 and is currently for sale. This land offers -- bedrooms, -- bathrooms, roughly -- living square feet, and sits on an approximately 6,049 square foot lot. 1162 W Florence Ave was first listed on ArdentRealEstateGroup.com on March 12, 2024. The homeowner is currently asking $650,000. The median priced home in Los Angeles is $1,249,000 with a median price per square foot of $772. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 47.96% lower than the median priced home. Local competing homes currently for sale include 2050 Griffith Park Blvd, 1599 Landa St and 1229 Dodds Circle. While the average home in Los Angeles, CA is selling in 97 days, 1162 W Florence Ave has a days on market of 38 days. There are currently 3429 homes for sale in the Los Angeles real estate market and 2324 of them are single family homes while 1008 of them are condos and 91 are townhomes. For more information on this home for sale at 1162 W Florence Ave Los Angeles, CA 90044 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1162 W Florence Ave

Public county record property details
Beds
--
Baths
--
Year built
--
Sq. Ft.
--
Lot Size
6,047
Stories
--
Type
Commercial-Vacant Land
Pool
No
Spa
No
County
Los Angeles
Lot#
25
APN
6019-011-001

The source for these homes facts are from public records.

90044 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$650,000
Median List Price/Sq.Ft.
$517
Median Sold Price
$600,000
Median Sold Price/Sq.Ft.
$503
Total Inventory
80
Median Sale to List Price %
100%
Avg Days on Market
51
Loan Type
Conventional (57.14%), FHA (7.14%), VA (0%), Cash (7.14%), Other (14.29%)

Tour This Home

Buy with Ardent Real Estate Group and save $1,463.

Image Description
Contact Jon
Los Angeles Agent
Call, Text or Message
(714) 706-1823
Get a $1,463 Cash Reward New

Buy this home with Ardent Real Estate Group and get $1,463 back.

Call/Text (714) 706-1823

Homes for Sale Near 1162 W Florence Ave

Nearby Homes for Sale

Open Sun 1pm-3pm
625 W 59th Pl, Los Angeles, CA 90044
$529,000
-- Beds
-- Baths
-- Sq.Ft.
625 W 59th Pl
Los Angeles, CA 90044
9917 S San Pedro St, Los Angeles, CA 90003
$575,000
-- Beds
-- Baths
-- Sq.Ft.
9917 S San Pedro St
Los Angeles, CA 90003
11251 S New Hampshire Ave, Los Angeles, CA 90044
$600,000
-- Beds
-- Baths
-- Sq.Ft.
11251 S New Hampshire Ave
Los Angeles, CA 90044
1159 E 43rd Pl, Los Angeles, CA 90011
$580,000
-- Beds
-- Baths
-- Sq.Ft.
1159 E 43rd Pl
Los Angeles, CA 90011
1942 W Jefferson Blvd, Los Angeles, CA 90018
$695,000
-- Beds
-- Baths
-- Sq.Ft.
1942 W Jefferson Blvd
Los Angeles, CA 90018
4902 Venice Blvd, Los Angeles, CA 90019
$750,000
-- Beds
-- Baths
-- Sq.Ft.
4902 Venice Blvd
Los Angeles, CA 90019
444 Coronado, Los Angeles, CA 90026
$599,998
-- Beds
-- Baths
-- Sq.Ft.
444 Coronado
Los Angeles, CA 90026
1014 Bartlett St, Los Angeles, CA 90012
$609,999
-- Beds
-- Baths
-- Sq.Ft.
1014 Bartlett St
Los Angeles, CA 90012

Recently Sold Homes Near 1162 W Florence Ave

661 W 65Th St, Los Angeles, CA 90044
$300,000 Last Sold Price
-- Beds
-- Baths
-- Sq.Ft.
661 W 65Th St
Los Angeles, CA 90044
6710 S Western Ave, Los Angeles, CA 90047
$358,000 Last Sold Price
-- Beds
-- Baths
-- Sq.Ft.
6710 S Western Ave
Los Angeles, CA 90047
7501 S Western Ave, Los Angeles, CA 90047
$2,575,000 Last Sold Price
-- Beds
-- Baths
-- Sq.Ft.
7501 S Western Ave
Los Angeles, CA 90047
1137 W 87th St, Los Angeles, CA 90044
$435,000 Last Sold Price
-- Beds
-- Baths
-- Sq.Ft.
1137 W 87th St
Los Angeles, CA 90044

Related Resources to 1162 W Florence Ave

New Listings in 90044
Popular Zip Codes
Popular Cities
Other Los Angeles Resources

Based on information from California Regional Multiple Listing Service, Inc. as of 2019. 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.

Call