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3520 W Florence Ave, Los Angeles, CA 90043
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3520 W Florence Ave Los Angeles, CA 90043

$1,995,000
  • -- Beds
  • -- Baths
  • -- Sq.Ft.
For Sale
$1,995,000 Get Pre-Qualified
Map preview of 3520 W Florence Ave, Los Angeles, CA 90043

Property Overview: 3520 W Florence Ave Los Angeles, CA has -- bedrooms, -- bathrooms, -- living square feet and 11,054 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: Welcome to an exceptional development opportunity located at 3520 W Florence Ave in Los Angeles. This vacant parcel presents a promising canvas for investors and developers seeking to capitalize on the burgeoning real estate market in this vibrant city. Situated in a strategic location, the property offers convenient access to major thoroughfares, amenities, and attractions, making it an ideal investment opportunity. With Ready-To-Issue (RTI) plans already in place for the construction of a 20,028 square foot building on an 11,051 square foot lot, comprising 22 units, this offering provides a streamlined pathway to commence development immediately upon acquisition. The property's prime location and zoning make it an attractive prospect for investors looking to meet the high demand for housing in Los Angeles. Priced at $1,995,000, this opportunity offers significant potential for profitability, whether leveraging the strong rental market or catering to the growing demand for homeownership. Don't miss out on this rare chance to acquire a vacant parcel with RTI plans in place, allowing for expedited development and potential profitability. With the dynamic real estate landscape of Los Angeles, this opportunity is not to be overlooked

Listed by Aaron Jacobson | BRE #02100737 | Lyon Stahl Investment Real Estate, Inc.
Last checked: 6 minutes ago | Last updated: April 8th, 2024 | Source CRMLS | DOM: 81
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Home details

Lot Sq. Ft
11,054
HOA Dues
$0/mo
Year built
--
Garage
--
Property Type:
Land
Status
Active
MLS#
SB24026450
City
Los Angeles
County
Los Angeles
Time on Site
86 days

Open Houses for 3520 W Florence Ave

No upcoming open houses

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Property Details for 3520 W Florence Ave

Lot Details / Garage and Parking
Lot Information
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Has View
  • View: Landmark
  • Parcel Number: 4012029029
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Off Florence and Crenshaw
Neighborhood Information
  • Community Features: Biking, Dog Park, Golf, Sidewalks, Urban
View more facts & features

Local Los Angeles Agent

Sale History for 3520 W Florence Ave

Last sold for $1,026,000 on December 6th, 2021

  • February, 2024

  • Feb 6, 2024

    Date

    Active

    CRMLS: SB24026450

    $1,995,000

    Price

  • January, 2024

  • Jan 1, 2024

    Date

    Expired

    CRMLS: SB22247886

    $2,000,000

    Price

  • Nov 30, 2022

    Date

    Active

    CRMLS: SB22247886

    $2,100,000

    Price

  • Listing provided courtesy of CRMLS

    3520 W Florence Ave is an RTI Development for 22 Units located in Los Angeles, CA 90043. The proposed construction will be comprised of (13) 1-Bed/1-Bath and (9) 2-Bed/2-Bath Units. The size of the proposed building is 20,028 Sq. Ft on an 11,051 Sq. Ft Lot zoned R3 with a Tier 3 TOC Density Bonus. The property is right off the corner of Florence Ave and Crenshaw Blvd.

  • December, 2021

  • Dec 6, 2021

    Date

    Sold

    CRMLS: 21797204

    $1,026,000

    Price

  • Oct 20, 2021

    Date

    Active

    CRMLS: 21797204

    $1,100,000

    Price

  • Listing provided courtesy of CRMLS

    Proudly presenting this fixer triplex + redevelopment opportunity at 3520 W. Florence Avenue, LA 90043. The property features a large 11,051sf lot zoned R3 in a TOC Tier 3 area, which allows for additional units & increased density for a TOC redevelopment project. This lot would allow for 13 new units by-right, and approx. 26 new units for a TOC site. No CDO/CPIO requirements and also located in a Hubzone & LA State Enterprise Zone. There is currently a vacant 1,967sf triplex building on-site that sustained fire damage and is a heavy fixer/teardown. Located in a great rental pocket just west of Crenshaw Blvd and only 1.8 miles from Sofi Stadium/Hollywood Park/The Forum. Also only approx. 0.2 miles from the new Fairview Heights metro station that is anticipated to open by early 2022. This property presents a great opportunity to build new townhomes or apartment units in a rapidly appreciating LA submarket with fantastic proximity to Inglewood; LAX & the Beach Cities. Contact us today for more details!

  • September, 2021

  • Sep 3, 2021

    Date

    Price Change

    CRMLS: 21731248

    $1,200,000

    Price

  • Aug 10, 2021

    Date

    Price Change

    CRMLS: 21731248

    $1,250,000

    Price

  • Jul 7, 2021

    Date

    Price Change

    CRMLS: 21731248

    $1,275,000

    Price

  • Jun 4, 2021

    Date

    Active Under Contract

    CRMLS: 21731248

    $1,300,000

    Price

  • May 13, 2021

    Date

    Active

    CRMLS: 21731248

    $1,300,000

    Price

  • Listing provided courtesy of CRMLS

    Significant Price Reduction & motivated Seller so bring offers ASAP for this well-located Fairview Heights redevelopment opportunity at 3520 W. Florence Avenue, LA 90043. The property features an 11,051sf lot zoned R3 in a TOC Tier 3 area allowing for additional units & increased density for a TOC redevelopment project. This lot would allow for 13 new units by-right and approx. 26 new units for a TOC build. No CDO/CPIO requirements and located in a Hubzone & LA State Enterprise Zone. There is currently a vacant 1,967sf triplex building on-site, which also offers a value-add/ADU opportunity. Located in a great rental pocket just west of Crenshaw Blvd, and only 1.8 miles from Sofi Stadium/Hollywood Park/The Forum. Also only approx. 0.2 miles from the new Fairview Heights metro station that is anticipated to open during 2021. This property presents a great opportunity to build new multifamily units in a rapidly appreciating LA submarket with fantastic proximity to Inglewood/LAX & the Beach Cities. Contact us today for more details!

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Tax History for 3520 W Florence Ave

Assessed Value (2020): $69,434
Year Land Value Improved Value Assessed Value
2020 $40,321 $29,113 $69,434

Home Value Compared to the Market

This property vs the competition

3520 W Florence Ave is listed 62.86% higher than the median list price for the city of Los Angeles which has a median list price of $1,225,000.

About 3520 W Florence Ave

Detailed summary of property

3520 W Florence Ave is a land located in Los Angeles, CA 90043 and is currently for sale. This land offers -- bedrooms, -- bathrooms, roughly -- living square feet, and sits on an approximately 11,054 square foot lot. 3520 W Florence Ave was first listed on ArdentRealEstateGroup.com on February 6, 2024. The homeowner is currently asking $1,995,000. 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 62.86% higher than the median priced home. Local competing homes currently for sale include 10425 Avalon Blvd, 2621 S Garth Ave and 958 S Grand View St. While the average home in Los Angeles, CA is selling in 96 days, 3520 W Florence Ave has a days on market of 81 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 3520 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 3520 W Florence Ave

Public county record property details
Beds
4
Baths
3
Year built
1948
Sq. Ft.
1,967
Lot Size
11,051
Stories
--
Type
Triplex (3 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
11
APN
4012-029-029

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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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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