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2422 W Florence Ave, Los Angeles, CA 90043
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2422 W Florence Ave Los Angeles, CA 90043

$799,000
  • 5 Beds
  • 2 Baths
  • 1,066 Sq.Ft.
For Sale
$799,000 Get Pre-Qualified
Map preview of 2422 W Florence Ave, Los Angeles, CA 90043

Property Overview: 2422 W Florence Ave Los Angeles, CA has 5 bedrooms, 2 bathrooms, 1,066 living square feet and 5,744 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: Located in a prime location near vibrant Inglewood, and just moments from SoFi Stadium and Intuit Stadium, this commercially zoned duplex offers a rare blend of current residential use with expansive future potential. The property comes with approved plans and RTI permits for a modern 3-story apartment building featuring either three or four units. Ideal for investors and developers alike, this property offers the flexibility to capitalize on its commercial zoning while benefiting from its existing residential use. Embrace the dynamic growth of the area, with nearby entertainment venues, shopping, and easy access to major freeways. Don't miss out on this exceptional development opportunity. Property will be delivered vacant at the close of escrow.

Listed by Stephanie Younger | BRE #01365696 | Compass
Co-listed by Robert Lugari | BRE #02174891 | Compass
Last checked: 10 minutes ago | Last updated: August 29th, 2024 | Source CRMLS | DOM: 28

Home details

Lot Sq. Ft
5,744
HOA Dues
$0/mo
Year built
1955
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24430687
City
Los Angeles
County
Los Angeles
Time on Site
27 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $3,500
  • Total Rent: $3,500
  • Pro Forma/Market Rent: $3,500
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,500
  • Total Rent: $2,500
  • Pro Forma/Market Rent: $2,500
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 11
  • Gross Scheduled Income: --
  • Net Operating Income: $72,000
  • Gross Operating Income: $72,000
Annual Expense Breakdown
  • Total Operating Expense: --

Open Houses for 2422 W Florence Ave

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Property Details for 2422 W Florence Ave

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Central
Laundry Information
  • Has Laundry
  • Washer Included, Dryer Included
Fireplace Information
  • No Fireplace
  • None
Kitchen Information
  • Has Appliances
Interior Features
  • Levels: One
  • Security Features: Gated Community
Exterior Features
Exterior Information
  • Roof: Composition, Shingle
  • Other Structures: Shed(s)
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 10
  • Has Parking
  • Parking Features: Gated
Lot Information
  • Lot Size Source: Assessor
Property Information
  • No View
  • View: None
  • Total # of Units: 2
  • Parcel Number: 4009002007
  • Year Built Source: Assessor
  • Architectural Style: See Remarks
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Other
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: West of Crenshaw Blvd., East of Van Ness Ave. South of Hyde Park Blvd., North of Manchester Ave.
View more facts & features

Local Los Angeles Agent

Sale History for 2422 W Florence Ave

Last sold for $472,000 on January 30th, 2019

  • August, 2024

  • Aug 21, 2024

    Date

    Active

    CRMLS: 24430687

    $799,000

    Price

  • January, 2019

  • Jan 30, 2019

    Date

    Sold (Public Records)

    Public Records

    $472,000

    Price

  • November, 2006

  • Nov 13, 2006

    Date

    Sold (Public Records)

    Public Records

    $400,000

    Price

Show More

Tax History for 2422 W Florence Ave

Assessed Value (2020): $481,185
Year Land Value Improved Value Assessed Value
2020 $408,000 $73,185 $481,185

Home Value Compared to the Market

This property vs the competition

2422 W Florence Ave is listed 33.42% lower 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 $749.53 per/sqft which puts the price per square foot 2.4% lower than the median price per square foot for the city of Los Angeles.

About 2422 W Florence Ave

Detailed summary of property

2422 W Florence Ave is a multi family located in Los Angeles, CA 90043 and is currently for sale. This multi family property offers 5 bedrooms, 2 bathrooms, roughly 1,066 living square feet, and sits on an approximately 5,744 square foot lot. 2422 W Florence Ave was first listed on ArdentRealEstateGroup.com on August 22, 2024. The homeowner is currently asking $799,000. 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 33.42% lower than the median priced home. Local competing homes currently for sale include 5847 S Wilton Pl, 1657 W 67th St and 6341 South Victoria Ave. While the average home in Los Angeles, CA is selling in 106 days, 2422 W Florence Ave has a days on market of 28 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 2422 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 2422 W Florence Ave

Public county record property details
Beds
--
Baths
--
Year built
1955
Sq. Ft.
1,066
Lot Size
5,742
Stories
1
Type
Medical Bldg/Clinic
Pool
No
Spa
No
County
Los Angeles
Lot#
5
APN
4009-002-007

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
$950,000
Median List Price/Sq.Ft.
$623
Median Sold Price
$1,025,000
Median Sold Price/Sq.Ft.
$647
Total Inventory
95
Median Sale to List Price %
103.02%
Avg Days on Market
34
Loan Type
Conventional (29.17%), FHA (4.17%), VA (0%), Cash (20.83%), 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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