1320-1324 W Florence

    Los Angeles (City), CA 90044
    • $799,000
    • STATUS: Active
    • ON SITE: 172 days
    • ID#: MB18020197
    Price Reduced
    UPDATED: 10 min ago
    $799,000
    • 0
      BEDS
    • 0.22
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,917
      SQFT
    • $274
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1924
    County:

    School Ratings & Info

    Description

    Motivated seller!!! Bring all reasonable offers! Calling all investors, developers and believers in the LA Dream! Strategically located in between the 110 freeway and Hollywood Park tomorrow. This C-2 lot consist of over 9,500 SF of land with double drive way! Situated mid-block on a major Commercial thoroughfare. Close to the signalized corner of Normandie and Florence! Currently, the property consist of (1) retail space (vacant) and (3) residential units (occupied). Mills Act ready and worthy. This offering consist of 2 separate lots. The property currently generates income and has great tenants. The walking scores are off the chart. Do not miss out!

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-07-18T12:28:15.063. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
    www.playavistaliving.com/homes/80288778

    1320-1324 W Florence Los Angeles (City), CA 90044

    • Price: $799,000
    • Status: Active
    • Updated: 10 min ago
    • ID#: MB18020197
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.22
    Acres
    2,917
    SQFT
    $274
    $/SQFT
    1924
    Built
    Neighborhood:
    C37 - Metropolitan South
    County:
    Los Angeles
    Area:
    C37 - Metropolitan South
    Property Description
    Motivated seller!!! Bring all reasonable offers! Calling all investors, developers and believers in the LA Dream! Strategically located in between the 110 freeway and Hollywood Park tomorrow. This C-2 lot consist of over 9,500 SF of land with double drive way! Situated mid-block on a major Commercial thoroughfare. Close to the signalized corner of Normandie and Florence! Currently, the property consist of (1) retail space (vacant) and (3) residential units (occupied). Mills Act ready and worthy. This offering consist of 2 separate lots. The property currently generates income and has great tenants. The walking scores are off the chart. Do not miss out!
    Exterior Features

    Garage Spaces 0.00 Lot Features Back Yard Lot Size Source Assessor Lot Size Units Square Feet Parking Features Driveway Parking Total 0.00 Parking YN Yes Pool Features None Pool Private YN No Property Attached YN No

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls No Common Walls Laundry Features Area Levels One

    Property Features

    Additional Parcels Description 6019001007 Additional Parcels YN Yes Association Fee 0.00 Association YN No Building Area Units Square Feet Cap Rate 5.40 Community Features Urban Country Us Electric Expense 0.00 Elevation Units Feet Gross Income 55500.00 Gross Scheduled Income 55500.00 Insurance Expense 1500.00 Land Lease YN No Laundry YN Yes Net Operating Income 54500.00 New Taxes Expense 9000.00 Number Of Separate Electric Meters 4 Number Of Separate Gas Meters 4 Number Of Separate Water Meters 2 Number Of Units Leased 3 Operating Expense 11000.00 Property Sub Type Commercial/Residential Rent Control YN Yes Senior Community YN No Special Listing Conditions Standard Total Actual Rent 3125.00 Total Expenses 11000.00 Trash Expense 250.00 Water Sewer Expense 250.00 Water Source Public Year Built Source Assessor

    Listing provided courtesy of Julio Ruiz of Global Major Properties and Armin Soleimani of .


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-07-18T12:28:15.063. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
     
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