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
HOA Y/N No
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
Fireplace Yes
Appliance Dishwasher,Disposal,Refrigerator,Dryer,Washer
Laundry None
Exterior
Parking Features Carport
Community Features Gated
Total Parking Spaces 5
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 6018008003
Security Features Carbon Monoxide Detector(s),Fire Detection System,Gated Community,Key Card Entry,Smoke Detector(s),Window Bars
Special Listing Condition Standard