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3001 W Florence Ave, Los Angeles, CA 90043
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3001 W Florence Ave Los Angeles, CA 90043

$1,000,000 Sold Price as of 11/12/2021
  • 10 Beds
  • 6 Baths
  • 5,659 Sq.Ft.
Sold
$1,000,000 Sold Price as of 11/12/2021 Refinance Your Mortgage
Map preview of 3001 W Florence Ave, Los Angeles, CA 90043

Property Overview: 3001 W Florence Ave Los Angeles, CA has 10 bedrooms, 6 bathrooms, 5,659 living square feet and 8,125 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Price Reduction Over $200,000. Excellent C-2 Zoning (commercial and residential mix use) investment opportunity in South Los Angeles. The self-standing (920 Sqft) retail/commercial unit is currently vacant for owner use. Possible ADU add-on or convert commercial/retail unit into another residential rental or rent as commercial use. The property is located 10 mins from the new Rams stadium and new train station to LAX. All of the tenants are current on the rent. All offer is due by 9/8/2021 (12 PM).

Listed by Steven Bae | BRE #02033375 | Masters Realty & Investment
Co-listed by Young Kim | BRE #01999152 | Masters Realty & Investment
Last checked: 11 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 115

Home details

Lot Sq. Ft
8,125
HOA Dues
$0/mo
Year built
1955
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
21729080
City
Los Angeles
County
Los Angeles
Time on Site
1099 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 6
  • Total # of Buildings: 3
Unit Breakdown 1
  • # of Units: 5
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,140
  • Total Rent: $5,700
  • Pro Forma/Market Rent: $9,500
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $1,300
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 0
  • Gross Scheduled Income: --
  • Net Operating Income: $0
  • Gross Operating Income: $0
  • Other Income 1: $84,000
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 3001 W Florence Ave

Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 5
  • Has Parking
  • Parking Features: Driveway
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Total # of Units: 6
  • Parcel Number: 4008027026
Location / Neighborhood
Location Information
  • Directions: Use smartphone
View more facts & features

Local Los Angeles Agent

Sale History for 3001 W Florence Ave

Last sold for $1,000,000 on November 12th, 2021

  • September, 2021

  • Sep 13, 2021

    Date

    Hold

    CRMLS: 21729080

    $999,950

    Price

  • Aug 30, 2021

    Date

    Price Change

    CRMLS: 21729080

    $999,950

    Price

  • Aug 16, 2021

    Date

    Withdrawn

    CRMLS: 21729080

    $1,200,000

    Price

  • May 7, 2021

    Date

    Active

    CRMLS: 21729080

    $1,200,000

    Price

  • December, 2014

  • Dec 23, 2014

    Date

    Sold (Public Records)

    Public Records

    $600,000

    Price

  • November, 2014

  • Nov 14, 2014

    Date

    Price Change

    CRMLS: 14810115

    $630,000

    Price

  • Listing provided courtesy of CRMLS

    6 units in 3 separate buildings on a large corner lot zoned LAC2. Five 2 bedroom apartments and one vacant space that can be used for a storefront or other commercial use. Here is an opportunity for an investor to buy a property with a lot of upside potential. Units 2 and 6 are vacant.

  • March, 2001

  • Mar 20, 2001

    Date

    Sold (Public Records)

    Public Records

    $235,000

    Price

Show More

Tax History for 3001 W Florence Ave

Assessed Value (2020): $659,360
Year Land Value Improved Value Assessed Value
2020 $329,680 $329,680 $659,360

Home Value Compared to the Market

This property vs the competition

3001 W Florence Ave sold on November 12, 2021 for 15.97% lower than the current median sold price for the city of Los Angeles which is $1,190,000. The median sold price per/sqft for Los Angeles is $755 and this home is sold at $176.7 per/sqft which puts the price per square foot 76.6% lower than the current median sale per square foot for the city of Los Angeles.

About 3001 W Florence Ave

Detailed summary of property

3001 W Florence Ave is a multi family that recently sold in Los Angeles, CA 90043. This multi family property offered 10 bedrooms, 6 bathrooms, roughly 5,659 living square feet, and sits on an approximately 8,125 square foot lot. 3001 W Florence Ave was first listed on ArdentRealEstateGroup.com on May 13, 2021. The homeowner sold the property for $1,000,000. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 15.97% lower than the current median priced home. Local homes that are currently for sale include 1728 W 64th St, 5700 S Gramercy Pl and 6318 S Harvard Blvd. While the average home in Los Angeles, CA is selling in 94 days, 3001 W Florence Ave has a days on market of 115 days. There are currently 3654 homes for sale in the Los Angeles real estate market and 2456 of them are single family homes while 1102 of them are condos and 90 are townhomes. For more information on this home for sale at 3001 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 3001 W Florence Ave

Public county record property details
Beds
10
Baths
5
Year built
1955
Sq. Ft.
5,659
Lot Size
8,124
Stories
1
Type
Commercial/Office/Residential (Mixed Use)
Pool
No
Spa
No
County
Los Angeles
Lot#
16,17
APN
4008-027-026

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
$949,000
Median List Price/Sq.Ft.
$598
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%)

Thinking of Selling?

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(714) 706-1823

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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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