1701 West Florence Avenue

Los Angeles, CA 90047

$1,150,000
Price
4
Beds
3
Baths
3,314 Sq. Ft.
$347 / Sq. Ft.
3,314
Sq. Ft.
$347
per Sq. Ft.

Description

Huge Price Reduction ! Amazing Mixed Use Property in Prime Los Angeles area about 1 mile east of Inglewood . Potential Buyers will get 2 Store front Units that have remodeled and 1 small house in the rear and 2 Apartments next to the house. Although it has limited parking , the property shares a decent sized lot and larger rear backyard behind the house. Great Potential ! The Residential Units are on Harvard Blvd.Huge Price Reduction ! Amazing Mixed Use Property in Prime Los Angeles area about 1 mile east of Inglewood . Potential Buyers will get 2 Store front Units that have remodeled and 1 small house in the rear and 2 Apartments next to the house. Although it has limited parking , the property shares a decent sized lot and larger rear backyard behind the house. Great Potential ! The Residential Units are on Harvard Blvd.
  1. Listed by Martin Watkins • DRE #01249364 • Brokerage DRE #01249364 • Watkins Realty & Investments

Property Details for 1701 West Florence Avenue

Zoning
LAC2
Parcel Number
6015036001
Total Units
5.0
Living Area
3314
Source Living Area
Vendor Enhanced
Area
Los Angeles Southwest (C34)
Vacancy Rate
3,240
Lot Size Area
5568

Location

Listing Courtesy of Watkins Realty & Investments, Martin Watkins, DRE #01249364
Add your commute
LISTING UPDATED: 03/17/2024 02:18 PM

Property Details for 1701 West Florence Avenue

StatusActive
MLS #24-358907
Days on Market77
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1942
Lot Size0.13 AC / 5,568 SF
CountyLos Angeles County

Location

Listing Courtesy of Watkins Realty & Investments, Martin Watkins, DRE #01249364
Add your commute

Building Information for 1701 West Florence Avenue

Stories2Residences-Year Built1942Building Size-Lot Size0.13 AC / 5,568 SF

Payment Calculator

$6,582 per month

30 year fixed, 7.25% Interest

Principal and Interest

$6,276

Property Taxes

$306

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1701 West Florence Avenue

Community / Development
Community / Development
  • Number Of Units: 5
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 3
  • Type Of Units: 5
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $104,760
  • Net Operating Income: $70,360.00
  • Gross Income: $108,000
  • Gross Rent Multiplier: $10.60
  • Actual Annual Gross Rent: $108,000.00
  • Total Annual Expense: 34400
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1278
  • Lot Size Square Feet: 5568
  • Lot Size Dimensions: 107x52
  • Source Lot Size Dimensions: Vendor Enhanced
Parking Details
Parking Details
  • Parking Garage: Driveway
  • Total Parking: 3
  • Parking Features: Driveway
Interior Features
Interior Features
  • Levels: Two
  • Cooling: None
  • Cooling Type: None
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Equipment: None
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 02-15-2024
Unit Details
Unit 1 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,000.00
  • Unit Actual Rent: $2,000.00
  • Unit Projected Rent: $2,500.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,000.00
  • Unit Actual Rent: $2,000.00
  • Unit Projected Rent: $3,000.00
  • Like Units: 2
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,800.00
  • Unit Actual Rent: $1,800.00
  • Unit Projected Rent: $2,000.00
  • Like Units: 3
Unit 4 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,700.00
  • Unit Actual Rent: $1,700.00
  • Unit Projected Rent: $1,800.00
  • Like Units: 4
Unit 5 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,500.00
  • Unit Actual Rent: $1,500.00
  • Unit Projected Rent: $1,800.00
  • Like Units: 5
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109, 2110
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $116,912.00
  • Assessed Improvement Percent: 46.34
  • Assessed Land Value: $135,379.00
  • Assessed Land Percent: 53.66
  • Assessed Total Value: $252,291.00

Property History for 1701 West Florence Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1701 West Florence Avenue

Taxable ValueLand$135,379Additions$116,912Total$252,291
Tax Record2023$3,677 ($306 / month)
Home Facts
Total Finished SqFt4,217 SqFtAbove Grade Finished SqFt4,217 SqFtStories1Lot Size5,566 SqFtStyleOffice BuildingYear Built1947ZoningLAC2CountyLOS ANGELESAPN6015-036-001

Schools near 1701 West Florence Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Charter - K to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Raymond Avenue Elementary School
PublicK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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1701 West Florence Avenue is a multi-family home for sale in Los Angeles, CA 90047. This property was listed for sale on February 14, 2024 by Watkins Realty & Investments, it's currently listed at $1,150,000. This listing's school district is Los Angeles Unified School District. Nearby schools include Raymond Avenue Elementary School, ICEF Lou Dantzler Preparatory Academy Charter and Augustus F. Hawkins High A Critical Design And Gaming. 1701 West Florence Avenue is a 4-bed, 3-bath, 3,314 sqft multi-family home built in 1942.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Watkins Realty & Investments, Martin Watkins, DRE #01249364

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.