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243-247 W Florence Ave
Los Angeles, CA 90003
Multifamily Property For Sale
·
8 Units
Investment Highlights
- Desirable unit mix, consisting of (5) 1 Bed/1 Bath measuring at ± 650 Square Feet and (3) Commercial units measuring at ± 1,000 Square Feet
- Conveniently located in South Los Angeles, in close proximity to restaurants, shopping centers, and major metropolitan hubs
- With a going-in cap rate of 6.04% and 8.77 GRM, the property offers 40% in potential rental upside
Property Facts
| Price Per Unit | $182,473 CAD | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 6.04% | Lot Size | 0.14 AC |
| Gross Rent Multiplier | 8.77 | Building Size | 6,410 SF |
| No. Units | 8 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1919 |
| Zoning | C2-1, Los Angeles | ||
| Price Per Unit | $182,473 CAD |
| Sale Type | Investment |
| Cap Rate | 6.04% |
| Gross Rent Multiplier | 8.77 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 6,410 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1919 |
| Zoning | C2-1, Los Angeles |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | - | 450 |
Property Taxes
| Parcel Number | 6012-013-049 | Improvements Assessment | $1,120,581 CAD |
| Land Assessment | $798,217 CAD | Total Assessment | $1,918,798 CAD |
Property Taxes
Parcel Number
6012-013-049
Land Assessment
$798,217 CAD
Improvements Assessment
$1,120,581 CAD
Total Assessment
$1,918,798 CAD
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