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2214 W Florence Ave, Los Angeles, CA 90043
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2214 W Florence Ave Los Angeles, CA 90043

$1,050,000
  • -- Beds
  • -- Baths
  • 2,500 Sq.Ft.
For Sale
$1,050,000 Get Pre-Qualified
Map preview of 2214 W Florence Ave, Los Angeles, CA 90043

Property Overview: 2214 W Florence Ave Los Angeles, CA has -- bedrooms, -- bathrooms, 2,500 living square feet and 5,792 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: Are you geared up for an outstanding opportunity to acquire a 4-unit building that produces consistent cash flow, presenting promising avenues for expansion? Monthly Pro Forma Rent is $6,600 with a cap rate of 5.14%. Additionally, featuring 8 uncovered parking spaces in the back and additional parking across the street at the county library, it operates seamlessly like a finely tuned mechanism. Take swift action, as this opportunity is passing and will soon be gone.

Listed by Dan Stueve | BRE #01936133 | Equity Union
Co-listed by Robert Siegmeth | BRE #01105625 | Equity Union
Last checked: 2 minutes ago | Last updated: March 22nd, 2024 | Source CRMLS | DOM: 33
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Home details

Lot Sq. Ft
5,792
HOA Dues
$0/mo
Year built
1941
Garage
--
Property Type:
Other
Status
Active
MLS#
24370953
City
Los Angeles
County
Los Angeles
Time on Site
41 days
Property Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
Property Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.1%
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $79,200
  • Net Operating Income: $50,355
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: --
  • Insurance: $2,520
  • Maintenance: $6,000
  • Other Expenses: $3,600

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Property Details for 2214 W Florence Ave

Interior Features
Heating Information
  • No Heating
  • None
Laundry Information
  • None
Interior Features
  • Security Features: Smoke Detector(s), Carbon Monoxide Detector(s)
Exterior Features
Exterior Information
  • Roof: Flat
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 8
Property Information
  • Total # of Units: 4
  • Parcel Number: 4009001004
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: See Map
View more facts & features

Local Los Angeles Agent

Sale History for 2214 W Florence Ave

Last sold on December 10th, 2012

  • March, 2024

  • Mar 21, 2024

    Date

    Active

    CRMLS: 24370953

    $1,050,000

    Price

  • May, 2018

  • May 16, 2018

    Date

    Expired

    CRMLS: SR18047960

    --

    Price

  • Mar 1, 2018

    Date

    Active

    CRMLS: SR18047960

    --

    Price

  • Listing provided courtesy of CRMLS

  • December, 2012

  • Dec 10, 2012

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • March, 2009

  • Mar 18, 2009

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 2214 W Florence Ave

Assessed Value (2020): $282,588
Year Land Value Improved Value Assessed Value
2020 $259,044 $23,544 $282,588

Home Value Compared to the Market

This property vs the competition

2214 W Florence Ave is listed 14.29% lower than the median list price for the city of Los Angeles which has a median list price of $1,225,000. The median price per/sqft for Los Angeles is $774 and this home is listed at $420 per/sqft which puts the price per square foot 45.74% lower than the median price per square foot for the city of Los Angeles.

About 2214 W Florence Ave

Detailed summary of property

2214 W Florence Ave is a other located in Los Angeles, CA 90043 and is currently for sale. This property offers -- bedrooms, -- bathrooms, roughly 2,500 living square feet, and sits on an approximately 5,792 square foot lot. 2214 W Florence Ave was first listed on ArdentRealEstateGroup.com on March 21, 2024. The homeowner is currently asking $1,050,000. The median priced home in Los Angeles is $1,225,000 with a median price per square foot of $774. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 14.29% lower than the median priced home. Local competing homes currently for sale include 8820 S Broadway, 5400 S Broadway and 5314 S Broadway. While the average home in Los Angeles, CA is selling in 96 days, 2214 W Florence Ave has a days on market of 33 days. There are currently 3485 homes for sale in the Los Angeles real estate market and 2372 of them are single family homes while 1013 of them are condos and 94 are townhomes. For more information on this home for sale at 2214 W Florence Ave Los Angeles, CA 90043 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 2214 W Florence Ave

Public county record property details
Beds
--
Baths
--
Year built
1941
Sq. Ft.
2,500
Lot Size
5,791
Stories
1
Type
Retail Stores ( Personal Services, Photography, Travel)
Pool
No
Spa
No
County
Los Angeles
Lot#
3
APN
4009-001-004

The source for these homes facts are from public records.

90043 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$945,000
Median List Price/Sq.Ft.
$588
Median Sold Price
$727,000
Median Sold Price/Sq.Ft.
$516
Total Inventory
80
Median Sale to List Price %
96.93%
Avg Days on Market
46
Loan Type
Conventional (25%), FHA (6.25%), VA (0%), Cash (31.25%), Other (6.25%)

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Recently Sold Homes Near 2214 W Florence Ave

2151 Florence Ave, Los Angeles, CA 90047
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2501 W Florence Ave, Los Angeles, CA 90043
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2618 W Florence Ave, Los Angeles, CA 90043
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2813 W Florence Ave, Los Angeles, CA 90043
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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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