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2025 W Florence Ave, Los Angeles, CA 90047
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2025 W Florence Ave Los Angeles, CA 90047

$1,395,000
  • 0 Beds
  • 0 Baths
  • 2,700 Sq.Ft.
For Sale
$1,395,000 Get Pre-Qualified
Map preview of 2025 W Florence Ave, Los Angeles, CA 90047

Property Overview: 2025 W Florence Ave Los Angeles, CA has -- bedrooms, -- bathrooms, 2,700 living square feet and 7,500 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: Seller WILL PROVIDE PHASE 1 AND PHASE 2 to serious buyers with LOI, please see supplementals for all certificate of occupancies*** WE proudly present this wonderful investment opportunity in one of the hottest and upcoming neighborhoods of Los Angeles Known as Hyde Park, a neighborhood that is only 1.5 miles from Inglewood and already has million dollar single family residences. This building is the PERFECT for a developer or for an owner-user buyer that has an automotive business because it will be delivered VACANT at the close of escrow, which means that you can qualify for an SBA loan and purchase this property with as little as 10-15% downpayment ($210k), WOW! This property has previously operated businesses such as: Auto heating & cooling, service repair, auto electric, transmission services, and auto registration. At the moment, the property the is equipped with 4 double bays, 3 ton crane, 8 air lines (2 on each bay), 2 electrical meters with strong power, office space separate from work station, and great access to the station with 11ft height doors. Property is also zoned LAC2 Tier 2. A developer can potentially build up to 28 units using TOC density bonus. Because the property will be delivered vacant, it allows for a buyer with a different trade to come and relocate if they satisfy the city's standards and usage requirements, or they can purchase and rent to a suitable business. 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 (2mi), LAX airport (6.5mi), and Silicon Beach.

Listed by Daniel Terrazas | BRE #02019893 | VIP Real Estate Firm
Co-listed by Rafael Alvarado | BRE #02094533 | VIP Real Estate Firm
Last checked: 5 minutes ago | Last updated: September 16th, 2024 | Source CRMLS | DOM: 16

Home details

Lot Sq. Ft
7,500
HOA Dues
$0/mo
Year built
1951
Garage
--
Property Type:
Business
Status
Active
MLS#
DW24136417
City
Los Angeles
County
Los Angeles
Time on Site
77 days
Property Unit Breakdown
Unit Mix Summary
  • Total # of Units: 1
  • Total # of Buildings: --
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 0
  • Actual Rent: $8,500
  • Total Rent: --
Property Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $102,000
  • Net Operating Income: --
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: --

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Property Details for 2025 W Florence Ave

Interior Features
Laundry Information
  • None
Lot Details / Garage and Parking
Lot Information
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Source: Public Records
  • Common Interest: None
Property Information
  • Total # of Units: 1
  • Parcel Number: 6016034003
  • Year Built Source: Public Records
  • Entry Level: 1
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: florence and gramercy, two properties west on Florence
View more facts & features

Local Los Angeles Agent

Sale History for 2025 W Florence Ave

Last sold for $225,000 on November 9th, 2001

  • July, 2024

  • Jul 3, 2024

    Date

    Active

    CRMLS: DW24136417

    $1,395,000

    Price

  • November, 2023

  • Nov 3, 2023

    Date

    Expired

    CRMLS: DW23141549

    $1,400,000

    Price

  • Jul 31, 2023

    Date

    Active

    CRMLS: DW23141549

    $1,395,000

    Price

  • Listing provided courtesy of CRMLS

    ***The property has never been use as a gasoline station. Please see supplementals for all certificate of occupancies*** The GAFF team proudly presents this wonderful investment opportunity in one of the hottest and upcoming neighborhoods of Los Angeles Known as Hyde Park, a neighborhood that is only 1.5 miles from Inglewood and already has million dollar single family residences. This building is the PERFECT property for an owner-user buyer that has an automotive business because it will be delivered VACANT at the close of escrow, which means that you can qualify for an SBA loan and purchase this property with as little as 10-15% downpayment ($210k), WOW! This property has previously operated businesses such as: Auto heating & cooling, service repair, wheel alignment, auto electric, transmission services, and auto registration. At the moment, the property the is equipped with 4 double bays, 3 ton crane, 8 air lines (2 on each bay), alignment machine with 2 lifts, 2 electrical meters with strong power, office space separate from work station, and great access to the station with 11ft height doors. Because the property will be delivered vacant, it allows for a buyer with a different trade to come and relocate if they satisfy the city's standards and usage requirements, or they can purchase and rent to a suitable business. 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 (2mi), LAX airport (6.5mi), and Silicon Beach.

  • May, 2023

  • May 16, 2023

    Date

    Expired

    CRMLS: 23241375

    $1,400,000

    Price

  • Feb 14, 2023

    Date

    Active

    CRMLS: 23241375

    $1,400,000

    Price

  • Listing provided courtesy of CRMLS

    Large auto repair shop located on busy Florence Ave for sale, perfect for an owner user or an investor. The building has 4 double bays, office and comes fully equipped, plenty of off street parking and drive thru alley access. Close proximity to Crenshaw rail line potential for redevelopment. Currently tenant occupied on a month to month basis perfect for an owner user or an investor. Property includes parcels APN: 6016-034-003 & 6016-034-034

  • November, 2001

  • Nov 9, 2001

    Date

    Sold (Public Records)

    Public Records

    $225,000

    Price

  • October, 2000

  • Oct 17, 2000

    Date

    Sold (Public Records)

    Public Records

    $100,000

    Price

Show More

Tax History for 2025 W Florence Ave

Assessed Value (2020): $276,900
Year Land Value Improved Value Assessed Value
2020 $67,533 $209,367 $276,900

Home Value Compared to the Market

This property vs the competition

2025 W Florence Ave is listed 16.25% higher than the median list price for the city of Los Angeles which has a median list price of $1,200,000. The median price per/sqft for Los Angeles is $768 and this home is listed at $516.67 per/sqft which puts the price per square foot 32.73% lower than the median price per square foot for the city of Los Angeles.

About 2025 W Florence Ave

Detailed summary of property

2025 W Florence Ave is a business located in Los Angeles, CA 90047 and is currently for sale. This business offers -- bedrooms, -- bathrooms, roughly 2,700 living square feet, and sits on an approximately 7,500 square foot lot. 2025 W Florence Ave was first listed on ArdentRealEstateGroup.com on July 3, 2024. The homeowner is currently asking $1,395,000. The median priced home in Los Angeles is $1,200,000 with a median price per square foot of $768. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 16.25% higher than the median priced home. Local competing homes currently for sale include 206 S Saint Louis St, 206 S Saint Louis St and 5022 S Western Ave. While the average home in Los Angeles, CA is selling in 106 days, 2025 W Florence Ave has a days on market of 16 days. There are currently 4052 homes for sale in the Los Angeles real estate market and 2782 of them are single family homes while 1148 of them are condos and 116 are townhomes. For more information on this home for sale at 2025 W Florence Ave Los Angeles, CA 90047 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 2025 W Florence Ave

Public county record property details
Beds
--
Baths
--
Year built
1951
Sq. Ft.
2,744
Lot Size
4,994
Stories
1
Type
Auto Repair (& Related), Garage
Pool
No
Spa
No
County
Los Angeles
Lot#
47,48
APN
6016-034-003

The source for these homes facts are from public records.

90047 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$750,000
Median List Price/Sq.Ft.
$566
Median Sold Price
$795,000
Median Sold Price/Sq.Ft.
$561
Total Inventory
106
Median Sale to List Price %
99.39%
Avg Days on Market
43
Loan Type
Conventional (37.5%), FHA (45.83%), VA (0%), Cash (8.33%), Other (4.17%)

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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.

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