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 $128,125 per unit and $159 per square foot, the property provides an attractive basis for investors. The property is currently operating at a 6.21% cap rate and 8.56 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, an
Property Details
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Map
What's Nearby
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Features
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Building Information
Year Built: 1919Building Area Total: 6410Pool Features: NonePrivate Pool: No
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Lot Information
Main Square Feet: 5969 Lot Size Acres: 0.137 Lot Size Source: Assessor Lot Size Square Feet: 5,969 Lot Description: 0-1 Unit/Acre
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Listing Price Information
Listing Price: $1025000Original Price: $1050000Cash, Cash to New Loan, Conventional, Contract
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Tax Information
Parcel Number: 6012013049 Tax Lot: 140
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Parking Information
Parking Total: 4Garage Information
Has Garage: Yes Garage Space: 4
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Location Information
Direction: West of Main Street and East of Broadway WaterSource: Public
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 |
| 7004 S San Pedro Street, Los Angeles, CA, 90003 | $400,000 | 3 | 1 | 872 | 872 SqFt |
| 1947 E 74th St, Los Angeles, CA, 90003 | $529,900 | 2 | 1 | 948 | 948 SqFt |
| 7104 San Pedro, Los Angeles, CA, 90003 | $2,050,000 | 2 | 1 | -- | |
| 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 07/26/2026 @ 04:12
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