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3305 W Florence Ave, Los Angeles, CA 90043
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3305 W Florence Ave Los Angeles, CA 90043

$1,460,000 Sold Price as of 06/08/2021
  • 14 Beds
  • 9 Baths
  • 6,924 Sq.Ft.
Sold
$1,460,000 Sold Price as of 06/08/2021 Refinance Your Mortgage
Map preview of 3305 W Florence Ave, Los Angeles, CA 90043

Property Overview: 3305 W Florence Ave Los Angeles, CA has 14 bedrooms, 9 bathrooms, 6,924 living square feet and 6,349 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Great Investment Property. Increase your investment portfolio with 8 units in the greater Los Angeles Area. 8 Gas Meters and 8 Electricity Meters. Property located in a convenient area perfect for tenants to commute. Property currently holds 5 tenants under section 8. Separate laundry room on premises for extra income potential. Conveniently located within walking distance to shopping centers, grocery stores, restaurants, coffee shops, banks, parks, gas stations, Metro Line, schools, museums. Easy access to major freeways. Gated, newer Roof and well maintained property with low maintenance and long-term tenants. 1031 Exchange welcome!!. Great investment property for any investor. Property will be delivered occupied with existing tenants. PLEASE DO NOT WALK ON PROPERTY OR DISTURB TENANTS. Listing info deemed reliable, but not guaranteed. No warranties expressed or implied.

Listed by Lluvia Martinez | BRE #01719643 | Executives Group Real Estate
Last checked: 14 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 30

Home details

Lot Sq. Ft
6,349
HOA Dues
$0/mo
Year built
1964
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
DW21006587
City
Los Angeles
County
Los Angeles
Time on Site
1198 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 8
  • Total # of Buildings: 1
  • # of Leased Units: 8
  • # of Electric Meters: 8
  • # of Gas Meters: 8
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,600
  • Total Rent: $1,600
  • Pro Forma/Market Rent: $1,600
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,606
  • Total Rent: $1,606
  • Pro Forma/Market Rent: $1,700
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $903
  • Total Rent: $903
  • Pro Forma/Market Rent: $1,287
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,287
  • Total Rent: $1,287
  • Pro Forma/Market Rent: $1,287
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $994
  • Total Rent: $994
  • Pro Forma/Market Rent: $1,600
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,256
  • Total Rent: $1,256
  • Pro Forma/Market Rent: $1,600
Unit Breakdown 7
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,434
  • Total Rent: $1,434
  • Pro Forma/Market Rent: $1,600
Unit Breakdown 8
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $764
  • Total Rent: $764
  • Pro Forma/Market Rent: $1,287
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $118,128
  • Net Operating Income: $80,342
  • Gross Operating Income: --
  • Laundry Own/Lease: Own
Annual Expense Breakdown
  • Total Operating Expense: $37,786
  • Electric: $1,644
  • Gas/Fuel: $0
  • Licenses: $62
  • New Taxes: $20,000
  • Trash: $2,952
  • Insurance: $3,456
  • Professional Management: $0
  • Water/Sewer: $9,672

Property Details for 3305 W Florence Ave

Interior Features
Laundry Information
  • Has Laundry
  • Common Area, Community, Individual Room
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 8
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: 8
  • Parcel Number: 4006032016
  • Year Built Source: Assessor
  • Property is Attached
  • Accessibility Features: 2+ Access Exits
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Location / Neighborhood
Location Information
  • Directions: Florence Ave & Crenshaw Blvd
Neighborhood Information
  • Community Features: Sidewalks, Street Lights
View more facts & features

Local Los Angeles Agent

Sale History for 3305 W Florence Ave

Last sold for $1,460,000 on June 8th, 2021

  • June, 2021

  • Jun 9, 2021

    Date

    Sold

    CRMLS: DW21006587

    $1,460,000

    Price

  • Feb 19, 2021

    Date

    Pending

    CRMLS: DW21006587

    $1,500,000

    Price

  • Jan 26, 2021

    Date

    Active

    CRMLS: DW21006587

    $1,500,000

    Price

  • Jan 26, 2021

    Date

    Hold

    CRMLS: DW21006587

    $1,500,000

    Price

  • Jan 21, 2021

    Date

    Pending

    CRMLS: DW21006587

    $1,500,000

    Price

  • Jan 12, 2021

    Date

    Active

    CRMLS: DW21006587

    $1,500,000

    Price

  • January, 2021

  • Jan 12, 2021

    Date

    Canceled

    CRMLS: DW20184716

    $1,500,000

    Price

  • Nov 25, 2020

    Date

    Price Change

    CRMLS: DW20184716

    $1,500,000

    Price

  • Sep 5, 2020

    Date

    Active

    CRMLS: DW20184716

    $1,600,000

    Price

  • Listing provided courtesy of CRMLS

    Great Investment Property. Increase your investment portfolio with 8 units Great Rental Income in the greater Los Angeles Area. 8 Gas Meters and 8 Electricity Meters. Property located in a convenient area perfect for tenants to commute. Property currently holds 5 tenants under section 8. All rents are current. Conveniently located within walking distance to shopping centers, grocery stores, restaurants, coffee shops, banks, parks, gas stations, Metro Line, schools, museums. Easy access to major freeways. Gated, newer Roof and well maintained property with low maintenance and long-term tenants. 1031 Exchange welcome!!. Great investment property for any investor. Property will be delivered occupied with existing tenants. PLEASE DO NOT WALK ON PROPERTY OR DISTURB TENANTS! Listing info deemed reliable, but not guaranteed. No warranties expressed or implied.

  • January, 2021

  • Jan 12, 2021

    Date

    Canceled

    CRMLS: DW20187786

    $1,500,000

    Price

  • Nov 25, 2020

    Date

    Price Change

    CRMLS: DW20187786

    $1,500,000

    Price

  • Sep 10, 2020

    Date

    Active

    CRMLS: DW20187786

    $1,600,000

    Price

  • Listing provided courtesy of CRMLS

    Great Investment Property. Increase your investment portfolio with 8 units Great Rental Income in the greater Los Angeles Area. 8 Gas Meters and 8 Electricity Meters. Property located in a convenient area perfect for tenants to commute. Property currently holds 5 tenants under section 8. All rents are current. Separate laundry room on premises for potential extra income, Conveniently located within walking distance to shopping centers, grocery stores, restaurants, coffee shops, banks, parks, gas stations, Metro Line, schools, museums. Easy access to major freeways. Gated, newer Roof and well maintained property with low maintenance and long-term tenants. 1031 Exchange welcome!!. Great investment property for any investor. Property will be delivered occupied with existing tenants. PLEASE DO NOT WALK ON PROPERTY OR DISTURB TENANTS. Listing info deemed reliable, but not guaranteed. No warranties expressed or implied.

  • August, 2018

  • Aug 21, 2018

    Date

    Sold

    CRMLS: PW18066901

    $1,440,000

    Price

  • May 17, 2018

    Date

    Active Under Contract

    CRMLS: PW18066901

    $1,480,000

    Price

  • Mar 26, 2018

    Date

    Active

    CRMLS: PW18066901

    $1,480,000

    Price

  • Listing provided courtesy of CRMLS

    This is one of three properties for sale that will be sold as a portfolio. 2 Properties are in Lynwood 3568 Brenton Ave and 3556 Sanborn Ave, the other is in Los Angeles 3305 W Florence. All 3 have a great unit mix. Financials and Offering Memorandum for all 3 available upon request, call for for details. All properties have room for improvement, upside in rent and are a great portfolio opportunity for an investor looking in the greater Los Angeles Area.

  • August, 2018

  • Aug 21, 2018

    Date

    Sold (Public Records)

    Public Records

    $1,440,000

    Price

  • April, 2016

  • Apr 19, 2016

    Date

    Sold (Public Records)

    Public Records

    $880,000

    Price

Show More

Tax History for 3305 W Florence Ave

Assessed Value (2020): $1,468,800
Year Land Value Improved Value Assessed Value
2020 $1,030,200 $438,600 $1,468,800

Home Value Compared to the Market

This property vs the competition

3305 W Florence Ave sold on June 8, 2021 for 26.05% higher 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 $216.64 per/sqft which puts the price per square foot 71.31% lower than the current median sale per square foot for the city of Los Angeles.

About 3305 W Florence Ave

Detailed summary of property

3305 W Florence Ave is a multi family that recently sold in Los Angeles, CA 90043. This multi family property offered 14 bedrooms, 9 bathrooms, roughly 6,924 living square feet, and sits on an approximately 6,349 square foot lot. 3305 W Florence Ave was first listed on ArdentRealEstateGroup.com on January 20, 2021. The homeowner sold the property for $1,460,000. 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 26.05% higher than the current median priced home. Local homes that are currently for sale include 1901 W Martin Luther King Jr Blvd, 927 W 82nd St and 927 W 82nd St. While the average home in Los Angeles, CA is selling in 96 days, 3305 W Florence Ave has a days on market of 30 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 3305 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 3305 W Florence Ave

Public county record property details
Beds
14
Baths
9
Year built
1964
Sq. Ft.
6,924
Lot Size
6,348
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
17
APN
4006-032-016

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%)

Thinking of Selling?

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Thinking of Selling?
Call, Text or Message
(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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