247 W Florence
Los Angeles, CA 90003
0
Bed
0
Bath
6,410Sqft
5,969Sqft(Lot)
247 W Florence Avenue presents an opportunity to acquire a mixed-use investment property in South Los Angeles. The asset consists of eight total units, including (5) one-bedroom/one-bath residential units and (3) ground-floor commercial spaces, offering a diverse income stream. Priced at $131,250 per unit and $163 per square foot, the property provides an attractive basis for investors. The property is currently operating at a 6.04% cap rate and 8.77 GRM, with approximately 40% rental upside, presenting a strong opportunity to increase cash flow through rent adjustments and operational improvements. The property is located along the active Florence Avenue corridor in South Los Angeles, offering convenient access to Downtown Los Angeles, University of Southern California, and major transp
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Water/Sewer
Water Source: Public Sewer: Public Sewer
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Building Information
Year Built: 1919 Building Area Total: 6,410 -
Pool Features
NoneLaundry Features
None
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Lot Details
Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.137 -
Lot Size Source: Assessor Lot Size Square Feet: 5969
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Listing Price Information
Original List Price: 1,050,000 Listing Contract Date: 2026-04-20 -
Lease Information
Listing Agreement: Exclusive Right To Sell
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Tax Information
Parcel Number: 6012013049
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Other Property Info
Source Listing Status: Active Source Neighborhood: C42 - Downtown L.A. Directions: West of Main Street and East of Broadway Source Property Type: Residential Income Area: C42 - Downtown L.A. Property SubType: Mixed Use -
Building and Construction
Property Age: 107 Common Walls: No Common Walls Structure Type: Mixed Use Year Built Source: Assessor Entry Level: 1 Entry Location: Front
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 337 E 60th Street, Los Angeles, CA, 90003 | $659,000 | 2 | 1 | 1,020 | 1,020 SqFt |
| 7500 Avalon, Los Angeles, CA, 90003 | $1,075,000 | -- | -- | 4,560 | 4,560 SqFt |
| 308 E 65th, Los Angeles, CA, 90003 | $596,000 | 2 | 1 | 918 | 918 SqFt |
| 341 E 71st Street, Los Angeles, CA, 90003 | $799,000 | 6 | -- | 1,970 | 1,970 SqFt |
| 358 E 73rd Street, Los Angeles, CA, 90003 | $724,995 | 4 | -- | 1,846 | 1,846 SqFt |
| 8100 Avalon Boulevard, Los Angeles, CA, 90003 | $1,300,000 | 12 | -- | 3,680 | 3,680 SqFt |
| 7104 San Pedro, Los Angeles, CA, 90003 | $2,050,000 | -- | -- | 6,383 | 6,383 SqFt |
| 8311 Avalon, Los Angeles, CA, 90003 | $899,997 | -- | -- | 2,088 | 2,088 SqFt |
| 8325 Avalon Boulevard, Los Angeles, CA, 90003 | $1,025,000 | 4 | -- | 3,600 | 3,600 SqFt |
| 243 E 68th Street, Los Angeles, CA, 90003 | $780,000 | -- | -- | 1,964 | 1,964 SqFt |
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ByOwner last updated this listing 06/08/2026 @ 15:11
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