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2813 W Florence Ave, Los Angeles, CA 90043
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2813 W Florence Ave Los Angeles, CA 90043

$1,095,000
  • 2 Beds
  • 3 Baths
  • 1,940 Sq.Ft.
For Sale
$1,095,000 Get Pre-Qualified
Map preview of 2813 W Florence Ave, Los Angeles, CA 90043

Property Overview: 2813 W Florence Ave Los Angeles, CA has 2 bedrooms, 3 bathrooms, 1,940 living square feet and 5,795 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: Introducing this great investment opportunity in prime Hyde Park. This property consists of a mix-use with 2 office fronts and a single family home, totaling 3 units total. Wonderful added value project for a savvy investor. Currently property is collecting a total of $6,150 a month with both offices being rented at $2,200 each and $1,750 for the 2 bedroom and 1 bath SFR. Several exist strategies can be to convert the detached garage into and ADU to make up a fourth unit or build multi-family housing using is high density LAC2 Tier 2 zone. Another option is to renovate and slightly increase rents to full market rate. 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 (1.5mi), LAX airport (5.5mi), and Silicon Beach.

Listed by Rafael Alvarado | BRE #02094533 | VIP Real Estate Firm
Co-listed by Daniel Terrazas | BRE #02019893 | VIP Real Estate Firm
Last checked: 14 minutes ago | Last updated: March 1st, 2024 | Source CRMLS | DOM: 56
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Home details

Lot Sq. Ft
5,795
HOA Dues
$0/mo
Year built
1950
Garage
2 Car
Property Type:
Mixed Use
Status
Active
MLS#
DW24037453
City
Los Angeles
County
Los Angeles
Time on Site
69 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 2
  • # of Electric Meters: 3
  • # of Gas Meters: 3
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,200
  • Total Rent: $2,200
  • Pro Forma/Market Rent: $2,500
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,200
  • Total Rent: $2,200
  • Pro Forma/Market Rent: $2,500
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,750
  • Total Rent: $1,750
  • Pro Forma/Market Rent: $2,800
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $73,800
  • Net Operating Income: $0
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $0
  • Electric: $0
  • Gas/Fuel: $0
  • Trash: $0
  • Insurance: $0
  • Water/Sewer: $0

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Property Details for 2813 W Florence Ave

Interior Features
Laundry Information
  • No Laundry
  • None
Interior Features
  • Levels: One
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 2
  • # of Parking Spaces: 7
Lot Information
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 3
  • Parcel Number: 4008025012
  • Year Built Source: Public Records
  • Entry Level: 1
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: florence and 7th ave
Neighborhood Information
  • Community Features: Sidewalks, Street Lights
View more facts & features

Local Los Angeles Agent

Sale History for 2813 W Florence Ave

Last sold for $750,000 on February 23rd, 2022

  • February, 2024

  • Feb 23, 2024

    Date

    Active

    CRMLS: DW24037453

    $1,095,000

    Price

  • August, 2023

  • Aug 9, 2023

    Date

    Expired

    CRMLS: 23247163

    $1,100,000

    Price

  • Mar 6, 2023

    Date

    Active

    CRMLS: 23247163

    $1,100,000

    Price

  • Listing provided courtesy of CRMLS

    The subject property is a mixed use building, located along the Crenshaw and Florence commercial corridor. This property is within a 2 mile radius of the new Los Angeles Rams Stadium and the site features one standalone building with two store fronts. Additionally, it includes a two bedroom, one bathroom house. The house features spacious living room, separate dining area and good sized bedrooms and is approx 1000 sq ft and hosts two storefronts, approximately 500 ft each. The property features onsite parking and contains approximately 7 parking spots, along with a two car garage. The offer is located in a densely populated area with over 370,000 people, residing within a 3-mile radius of the Los Angeles County Metropolitan Transportation Authority Metro; in which, is currently instructing a 2 billion light rail line along 8.5 Mi of Crenshaw Boulevard. This offer is excellent for an investor with tenants in mind or an owner who is looking to establish their business in an area with major development underway.

  • February, 2022

  • Feb 23, 2022

    Date

    Sold

    CRMLS: 21106433

    $750,000

    Price

  • Nov 18, 2021

    Date

    Active

    CRMLS: 21106433

    $699,999

    Price

  • Listing provided courtesy of CRMLS

    Remarkable value add opportunity to own a premium piece of mixed use commercial/residential space in the historical South LA community. Just minutes from the Inglewood Forum, SoFi stadium, and Hollywood Park Casino, this high traffic location has endless possibilities. The property, zoned LAC2 is located in a TOC, tier 2 which allows for Multi-family redevelopment. The subject property (two commercial spaces and one residential) reside walking distance to the new Metro light rail line. Two-thirds of the building (one commercial, residential unit) are currently on a month to month lease with one commercial space vacancy. The property has 6 rear-parking spaces, a garage and plenty of street parking. Great location, Great property with lots of potential upside. Currently collecting $2,200/ month & low expenses.

  • August, 2014

  • Aug 26, 2014

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • August, 2014

  • Aug 26, 2014

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 2813 W Florence Ave

Assessed Value (2020): $133,860
Year Land Value Improved Value Assessed Value
2020 $80,318 $53,542 $133,860

Home Value Compared to the Market

This property vs the competition

2813 W Florence Ave is listed 10.61% 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 $564.43 per/sqft which puts the price per square foot 27.08% lower than the median price per square foot for the city of Los Angeles.

About 2813 W Florence Ave

Detailed summary of property

2813 W Florence Ave is a mixed use located in Los Angeles, CA 90043 and is currently for sale. This mixed use property offers 2 bedrooms, 3 bathrooms, roughly 1,940 living square feet, and sits on an approximately 5,795 square foot lot. 2813 W Florence Ave was first listed on ArdentRealEstateGroup.com on February 23, 2024. The homeowner is currently asking $1,095,000. 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 10.61% lower than the median priced home. Local competing homes currently for sale include 1027 E 22nd St, 849 S Broadway #611 and 4568 W 1st St #212. While the average home in Los Angeles, CA is selling in 96 days, 2813 W Florence Ave has a days on market of 56 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 2813 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 2813 W Florence Ave

Public county record property details
Beds
--
Baths
--
Year built
1950
Sq. Ft.
1,940
Lot Size
5,793
Stories
1
Type
Commercial/Office/Residential (Mixed Use)
Pool
No
Spa
No
County
Los Angeles
Lot#
12,13
APN
4008-025-012

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 2813 W Florence Ave

1518 W Florence Ave, Los Angeles, CA 90047
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1518 W Florence Ave
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1516 W Florence Ave, Los Angeles, CA 90047
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1516 W Florence Ave
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$540,000 Last Sold Price
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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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