1141 E Florence Ave Unit: 1141-1147

Los Angeles, CA, 90001

$5,650,000

$532 per ft²
$5,650,000
$532 per ft²
Active
Active
 - For Sale
beds
11 Beds
baths
34 Baths
carpenters-square
10,606 ft²
property_type
Multi-family
A 34-unit investment opportunity in South Los Angeles, located between S Central Ave and Compton Ave. The property features a unit mix of 23 singles, nine one-bedrooms and two two-bedrooms with 21 parking spaces. A rare sizable asset for sale in the submarket with strong in-place cash flow at a 4.97% CAP rate and 12.28 GRM on current income. A community laundry is on-site with three washers and three dryers, providing additional income. The property is located down the street from a US Postal Service distribution center that totals 74 acres, as well as hundreds of thousands of square feet of industrial space, making the location ideal for employees to reside close to work.APNs: 6010-015-025 &6010-015-024
MLS® ID:
22-202661
Listed:
8/29/22
Updated:
11/26/22
Sotheby’s International Realty
Andrea Alberts

Interior Features

Total Bedrooms
11
Total Bathrooms
34
Cooling
None
Heating
Natural Gas

Exterior/Building Features

Lot Size
0.53 acres lot
Exterior Features
None

Other Property Details

Garage
No
Parking
Covered Parking, Garage - 1 Car
Parking Total
21.0
View
N
County
Los Angeles
Pool
No
Total Stories
2
Zoning
LCM1

Property History

Date
Event
Price
Value
10/18/22
Price Change
$5,650,000
-15%

Courtesy of Marcus & Millichap, Neema Ahadian,
Listing Contact:  

Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Andrea Alberts shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. 

©2022 Combined L.A./Westside MLS. All rights reserved.

Data last updated 11/26/22

Sotheby’s International Realty
Andrea Alberts
Contact