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One Unit VACANT! 139 W Florence Ave 4 Unit Apartment Building $1,092,776 CAD ($273,194 CAD/Unit) 4.89% Cap Rate Los Angeles, CA 90003
Executive Summary
We are pleased to present 139 W Florence Ave — a well-located 4-unit multifamily property in the heart of Los Angeles, with 1 unit delivered VACANT at closing!
Positioned just east of the 110 Freeway, this property offers excellent access to major Los Angeles destinations, including LAX, SoFi Stadium, Downtown LA, the LA Convention Center, and the USC Coliseum.
The property features two duplexes totaling approximately 2,552 rentable square feet, originally built in 1936, and situated on a 4,960 square foot LAC2-zoned lot with alley access. The unit mix consists of four (4) two-bedroom, one-bath units, with one unit delivered vacant — ideal for an owner-user or to lease at market rent.
Offered at an attractive price of $799,000, this is a fantastic opportunity for investors or owner-occupants looking to live in one unit while generating income from the other three to help offset mortgage and expenses.
Positioned just east of the 110 Freeway, this property offers excellent access to major Los Angeles destinations, including LAX, SoFi Stadium, Downtown LA, the LA Convention Center, and the USC Coliseum.
The property features two duplexes totaling approximately 2,552 rentable square feet, originally built in 1936, and situated on a 4,960 square foot LAC2-zoned lot with alley access. The unit mix consists of four (4) two-bedroom, one-bath units, with one unit delivered vacant — ideal for an owner-user or to lease at market rent.
Offered at an attractive price of $799,000, this is a fantastic opportunity for investors or owner-occupants looking to live in one unit while generating income from the other three to help offset mortgage and expenses.
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$53,428
|
$20.94
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $53,428 |
| Annual Per SF | $20.94 |
Property Facts
| Price | $1,092,776 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $273,194 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.12 AC |
| Cap Rate | 4.89% | Building Size | 2,552 SF |
| Gross Rent Multiplier | 13.13 | Average Occupancy | 75% |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1936 |
| Property Subtype | Apartment | Parking Ratio | 1.57/1,000 SF |
| Zoning | LAC2 - 4,960 LAC2 Zoned midblock lot with alley access. | ||
| Price | $1,092,776 CAD |
| Price Per Unit | $273,194 CAD |
| Sale Type | Investment |
| Cap Rate | 4.89% |
| Gross Rent Multiplier | 13.13 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.12 AC |
| Building Size | 2,552 SF |
| Average Occupancy | 75% |
| No. Stories | 2 |
| Year Built | 1936 |
| Parking Ratio | 1.57/1,000 SF |
| Zoning | LAC2 - 4,960 LAC2 Zoned midblock lot with alley access. |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 4 | - | - |
1 1
Moderately walkable
60/100
Exceptionally drivable
100/100
Good public transit
70/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 6012-013-027 | Improvements Assessment | $320,858 CAD |
| Land Assessment | $697,517 CAD | Total Assessment | $1,018,374 CAD |
Property Taxes
Parcel Number
6012-013-027
Land Assessment
$697,517 CAD
Improvements Assessment
$320,858 CAD
Total Assessment
$1,018,374 CAD
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One Unit VACANT! | 139 W Florence Ave
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