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2048 W Florence Ave, Los Angeles, CA 90047
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2048 W Florence Ave Los Angeles, CA 90047

$975,000
  • -- Beds
  • -- Baths
  • 2,612 Sq.Ft.
For Sale
$975,000 Get Pre-Qualified
Map preview of 2048 W Florence Ave, Los Angeles, CA 90047

Property Overview: 2048 W Florence Ave Los Angeles, CA has -- bedrooms, -- bathrooms, 2,612 living square feet and 5,113 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: Commercial Office building a total of (5) separate offices. Very spacious offices (2) downstairs and (2) upstairs. Separate office in rear with kitchen and full bathroom. The front offices can be combined for use of one large office downstairs and one upstairs. Offices in the front have (2) bathrooms with one bathroom in each office that has a shower. Four Parking spaces in rear. With an LAC2 - R4 Zone the savvy developer can build a minimum of 14 units and up to 20 Residential Units with LA City Tier 3. Front offices (4) will be delivered vacant, the office in the rear is tenant occupied and may be delivered vacant at C.O.E.

Listed by Vanetta Lockridge | BRE #01293536 | Central Realty Advisors Inc
Last checked: 11 minutes ago | Last updated: May 12th, 2024 | Source CRMLS | DOM: 43
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Home details

Lot Sq. Ft
5,113
HOA Dues
$0/mo
Year built
1948
Garage
--
Property Type:
Other
Status
Active
MLS#
24390987
City
Los Angeles
County
Los Angeles
Time on Site
44 days
Property Unit Breakdown
Unit Mix Summary
  • Total # of Units: 5
  • Total # of Buildings: 2
Property Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: --
  • Net Operating Income: --
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: --

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Property Details for 2048 W Florence Ave

Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 4
Property Information
  • Total # of Units: 5
  • Parcel Number: 6017003013
Location / Neighborhood
Location Information
  • Directions: East of VanNess
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Local Los Angeles Agent

Sale History for 2048 W Florence Ave

View property's historical transactions

  • May, 2024

  • May 12, 2024

    Date

    Active

    CRMLS: 24390987

    $975,000

    Price

  • July, 2021

  • Jul 29, 2021

    Date

    Active

    CRMLS: 21722530

    $805,000

    Price

  • Jun 22, 2021

    Date

    Active Under Contract

    CRMLS: 21722530

    $805,000

    Price

  • May 19, 2021

    Date

    Active

    CRMLS: 21722530

    $805,000

    Price

  • May 11, 2021

    Date

    Active Under Contract

    CRMLS: 21722530

    $805,000

    Price

  • Apr 23, 2021

    Date

    Active

    CRMLS: 21722530

    $805,000

    Price

  • Listing provided courtesy of CRMLS

    Well-maintained 2 story office building with detached residential unit in rear. Commercial building has 4 units, two units downstairs and two units upstairs. Each floor has two separate bathrooms with one shower on each floor. Additional income from commercial billboard signage advertising. 1-comm. unit currently occupied with beauty salon; (3) units are vacant. The 2-bedroom residential income property is occupied by long term tenants. The house (approx. 750 sq. ft. ) has wood laminate floors and tile flooring in kitchen and bath. Property being sold with tenants occupying units. (1) commercial tenant and (1) residential tenant.

  • January, 2020

  • Jan 28, 2020

    Date

    Active

    CRMLS: 20549460

    $875,000

    Price

  • Listing provided courtesy of CRMLS

    Mixed use property in a neighborhood that is in the midst of a revival. Very well maintained, with upstairs units receiving new carpet and a fresh coat of paint- ready to occupy, as they are currently vacant. Property consists of a two story building with two retail spaces on first floor and office space on upper level. There is a 2 bedroom, 1 bath detached home on the rear of the building. Florence Avenue is a high traffic street, which benefits any business situated on it.

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Tax History for 2048 W Florence Ave

Assessed Value (2020): $155,286
Year Land Value Improved Value Assessed Value
2020 $49,473 $105,813 $155,286

Home Value Compared to the Market

This property vs the competition

2048 W Florence Ave is listed 21.94% lower than the median list price for the city of Los Angeles which has a median list price of $1,249,000. The median price per/sqft for Los Angeles is $778 and this home is listed at $373.28 per/sqft which puts the price per square foot 52.02% lower than the median price per square foot for the city of Los Angeles.

About 2048 W Florence Ave

Detailed summary of property

2048 W Florence Ave is a other located in Los Angeles, CA 90047 and is currently for sale. This property offers -- bedrooms, -- bathrooms, roughly 2,612 living square feet, and sits on an approximately 5,113 square foot lot. 2048 W Florence Ave was first listed on ArdentRealEstateGroup.com on May 12, 2024. The homeowner is currently asking $975,000. The median priced home in Los Angeles is $1,249,000 with a median price per square foot of $778. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 21.94% lower than the median priced home. Local competing homes currently for sale include 4111 S Broadway, 8322 Avalon Blvd and 6524 S Central Ave. While the average home in Los Angeles, CA is selling in 98 days, 2048 W Florence Ave has a days on market of 43 days. There are currently 4006 homes for sale in the Los Angeles real estate market and 2700 of them are single family homes while 1190 of them are condos and 109 are townhomes. For more information on this home for sale at 2048 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 2048 W Florence Ave

Public county record property details
Beds
--
Baths
--
Year built
1948
Sq. Ft.
2,612
Lot Size
5,112
Stories
1
Type
Office Bldg (General)
Pool
No
Spa
No
County
Los Angeles
Lot#
10
APN
6017-003-013

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
$775,000
Median List Price/Sq.Ft.
$583
Median Sold Price
$715,000
Median Sold Price/Sq.Ft.
$511
Total Inventory
91
Median Sale to List Price %
102.31%
Avg Days on Market
39
Loan Type
Conventional (40%), FHA (25%), VA (0%), Cash (10%), Other (10%)

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Homes for Sale Near 2048 W Florence Ave

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Recently Sold Homes Near 2048 W Florence Ave

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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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