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1508 Florence Avenue, Los Angeles, CA 90047
Priced at Only: $1,775,000
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Address: 1508 Florence Avenue, Los Angeles, CA 90047
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  • MLS#: 26644131 ( )
  • Street Address: 1508 Florence Avenue
  • Viewed: 4
  • Price: $1,775,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1990
  • Bldg sqft: 0
  • Days On Market: 29
  • Additional Information
  • County: LOS ANGELES
  • City: Los Angeles
  • Zipcode: 90047
  • Provided by: BRC Advisors- BH
  • Contact: Sam Sam
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    1508 W. Florence Avenue is a well maintained six unit multifamily investment property constructed in 1990. Importantly, the property is not subject to the City of Los Angeles Rent Stabilization Ordinance (RSO) due to its year of construction; however, it is subject to California's AB 1482 (Tenant Protection Act), providing investors with a more favorable regulatory framework than older, fully rent controlled assets. The asset features a diverse and desirable unit mix consisting of two (2) one bedroom/one bath units, two (2) two bedroom/one bath units, and two (2) three bedroom/one bath units, totaling approximately 4,940 rentable square feet on a 5,902 square foot lot. This balanced mix attracts a broad tenant base and helps mitigate vacancy risk. The property offers ample on site gated parking and a secured gated entry, amenities that are increasingly important to tenants and supportive of strong occupancy. The central Florence Avenue location provides convenient access to major transportation corridors, employment centers, and neighborhood retail, with proximity to Inglewood, Downtown Los Angeles, and LAX.1508 W. Florence Avenue represents a durable, income oriented investment offering regulatory flexibility, tenant appeal, and long term appreciation potential in a core Los Angeles rental corridor.
Features
Building Area Total
  1. 4910.00
Common Walls
  1. 1 Common Wall
Country
  1. US
Heating
  1. Wall Furnace
Interior Features
  1. Ceiling Fan(s)
Levels
  1. Multi/Split
Netoperatingincome
  1. 127101.00
Parcel Number
  1. 6018006008
Parking Features
  1. None
Postalcodeplus4
  1. 2265
Sourcesystemkey
  1. 26644131:CLAW
Totalexpenses
  1. 43975.00
Uncovered Spaces
  1. 12.00
Year Built
  1. 1990
Zoning
  1. LAC2
Headshot for Associate Xavier Gomez
  1. Xavier Gomez, BrkrAssc,CDPE
  2. RE/MAX College Park Realty
  3. BRE 01736488
  4. Fax: 714.975.9953
  5. Mobile: 714.478.6676
  6. salesbyxavier@gmail.com
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