1156 W Florence Avenue
Los Angeles, CA 90044
18
Bed
23
Bath
9,571Sqft
5,990Sqft(Lot)
**IMMEDIATE CASH FLOW AT DAY ONE** **100% MASTER LEASED** NEWLY CONSTRUCTED 15 UNIT APARTMENT BUILDING. eLAvate, Inc. is pleased to present 1156 W. Florence Ave. A newly constructed 15 unit apartment community with a dedicated on site office, 100% MASTER-LEASED to a single corporate tenant encompassing all 15 units. This is not a lease up. This is IMMEDIATE CASH FLOW AT DAY ONE with none of the leasing risk, turnover cost or vacancy drag of traditional multifamily ownership. 13 of the 15 units are restricted via a recorded rental covenant. 2 units (both three bedrooms) are at market rate/unrestricted. New construction delivered in March 2026. Three stories, 9,571 SF living space, 6,000 SF lot. 15 residential units + 1 on site office (lobby level, with private restroom & HVAC). Unit Mix: 7
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total beds: 18Bathroom Information
Total Baths: 23Flooring Information
Tile -
Interior Features
Appliances: Dishwasher, ElectricCooktop, ElectricOven, Disposal, Microwave, Refrigerator, Dryer, WasherLaundry Features: CommonArea -
Heating & Cooling
Has Heating: Yes Heating: Central Has Cooling: Yes Cooling: CentralAir
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Building Information
Year Built: 2026Building Area Total: 9571Pool Features: NonePrivate Pool: No
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Lot Information
Lot Dimensions: 50x120 Main Square Feet: 5990 Lot Size Acres: 0.1375 Lot Size Square Feet: 5,990
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Listing Price Information
Listing Price: $6250000
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Tax Information
Parcel Number: 6019011002
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Virtual Tour
Parking Information
None
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Location Information
Direction: East of I-110. Between Vermont Ave. and Normandie Ave.
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 5879 Bonsallo Avenue, Los Angeles, CA, 90044 | $700,000 | 4 | 3 | 1,993 | 1,993 SqFt |
| 5928 S Hoover Street, Los Angeles, CA, 90044 | $3,300,000 | 1 | 2 | -- | |
| 666 W 62nd Street, Los Angeles, CA, 90044 | $605,000 | 3 | 2 | 1,497 | 1,497 SqFt |
| 657 W 66th Street, Los Angeles, CA, 90044 | $450,000 | 1 | 1 | 560 | 560 SqFt |
| 603 W 75th, Los Angeles, CA, 90044 | $699,999 | 11 | 5 | -- | |
| 6113 Menlo, Los Angeles, CA, 90044 | $550,000 | 3 | 1 | 1,000 | 1,000 SqFt |
| 633 W 75th Street, Los Angeles, CA, 90044 | $869,000 | 5 | 2 | 1,800 | 1,800 SqFt |
| 850 W Gage Avenue, Los Angeles, CA, 90044 | $1,660,000 | 12 | 8 | 4,813 | 4,813 SqFt |
| 854 W 64th Street, Los Angeles, CA, 90044 | $599,999 | 2 | 1 | 975 | 975 SqFt |
| 700 W 77th, Los Angeles, CA, 90044 | $875,000 | 6 | 4 | 2,688 | 2,688 SqFt |
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ByOwner last updated this listing 08/20/2026 @ 19:35
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