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1340 W Florence Ave - 1340 Florence 3 Unit Apartment Building Offered at $716,679 CAD Los Angeles, CA 90044
Executive Summary
100% Vacant mixed use property. 800 SF retail box at front of property in rentable condition, and 2 small one bedroom units at the rear, which are gutted and need full remodel work. Large open space at rear that has potential for additional units. Tons of potential and owners selling for essentially lot value. Estimated renovation @ $150,000. Final rents would be $2,000 x 3= $6,000/mos., not including 2 potential ADU's added in the future. Keep in mind this property has been vacant for 5+ years, so if Buyer wanted to tear down and start new, there would be no requirement to replace any existing low income housing (buyer to verify).
Property Facts
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 2 | - | 435 |
1 1
Moderately walkable
60/100
Exceptionally drivable
100/100
Good public transit
70/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 6019-001-011 | Improvements Assessment | $156,444 CAD |
| Land Assessment | $290,987 CAD | Total Assessment | $447,431 CAD |
Property Taxes
Parcel Number
6019-001-011
Land Assessment
$290,987 CAD
Improvements Assessment
$156,444 CAD
Total Assessment
$447,431 CAD
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1340 W Florence Ave - 1340 Florence
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