1412 W Florence AVE new Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90047
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 3,044 sqft
Price per Sqft $328
MLS Listing ID 25599017
Bedrooms 10
Year Built 1948
Lot Size 5,902 Sqft
Property Description
We are pleased to present 1412 W Florence Ave, a high-yield mixed-use investment in South Los Angeles. The property features five renovated apartment units with modern finishes and one ground-floor commercial space, delivered vacant and move-in ready with potential for an ADU conversion. Offered at a 9.12% CAP rate, 7.03 GRM, and just $166,500 per unit, the property delivers immediate double-digit cash-on-cash returns alongside durable long-term upside. Located on a well-traveled corridor with strong demographics, 1412 W Florence Ave combines stable residential income with visible retail exposure. It also qualifies for 100% bonus depreciation, creating meaningful tax advantages for new ownership.
Location
State CA
County Los Angeles
Area C36 - Metropolitan Southwest
Zoning LAC2
Interior
Heating Central
Fireplaces Type Bath,Dining Room,Family Room,Kitchen,Living Room
Laundry None
Exterior
Parking Features Carport
Community Features Gated
Building
Story 2
New Construction No
Others
Special Listing Condition Standard