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1649 W Florence Avenue

Los Angeles (City), CA 90047
  • $695,000
  • STATUS: Active
  • ON SITE: 30 Days
  • ID#: 22143177
UPDATED: 20 min ago
$695,000
  • 0
    BEDS
  • 0.06
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
Built:
1940
County:

School Ratings & Info

Listing Agent(s): Eliza Kerndian of Keller Williams Realty Westside (310-482-2500)


Description

Great investment opportunity with huge potential, Existing VACANT Mix use 2 unit property, Renovations includes new electrical panels, kitchen, flooring, paint etc, Existing billboard with $200 monthly income, Full set of Plans to add a 2 bedroom 2 bath ADU. Commercial unit in front performa rent of $2000, Existing 2 Bed 1 bath residential unit behind commercial space, fully remodeled, performa rent of $2452 (section 8), total income for existing building $55,824 yearly. Plans for the ADU unit 2 bed + 2 bath has been submitted and will be delivered RTI for at close of Escrow, additional income of $ 2,500 which will bring it to $7152 monthly or $ 85,800 Yearly. Great source of income. ALL VACANT, Choose your own tenant, live and work or other possibilities.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-05-26T18:34:23.413. 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 deemed reliable but is not guaranteed accurate by the MLS or The Houston Team | Compass CA DRE#01991628. Licensed in the State of California, USA.
www.northsdrealty.com/homes/128033068
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1649 W Florence Avenue Los Angeles (City), CA 90047

  • Price: $695,000
  • Status: Active
  • On Site: 30 Days
  • Updated: 20 min ago
  • ID#: 22143177
0
Beds
0
Baths
0
½ Baths
0.06
Acres
1940
Built
Neighborhood:
C34 - Los Angeles Southwest
County:
Los Angeles
Area:
C34 - Los Angeles Southwest
Property Description
Great investment opportunity with huge potential, Existing VACANT Mix use 2 unit property, Renovations includes new electrical panels, kitchen, flooring, paint etc, Existing billboard with $200 monthly income, Full set of Plans to add a 2 bedroom 2 bath ADU. Commercial unit in front performa rent of $2000, Existing 2 Bed 1 bath residential unit behind commercial space, fully remodeled, performa rent of $2452 (section 8), total income for existing building $55,824 yearly. Plans for the ADU unit 2 bed + 2 bath has been submitted and will be delivered RTI for at close of Escrow, additional income of $ 2,500 which will bring it to $7152 monthly or $ 85,800 Yearly. Great source of income. ALL VACANT, Choose your own tenant, live and work or other possibilities.
Exterior Features

Parking Features On Street Parking Total 0

Interior Features

Heating Wall Furnace Heating YN Yes

Property Features

Association Fee 0 Gross Income 55824 Listing Agreement Exclusive Right To Sell Listing Service Full Service Net Operating Income 57775 New Construction YN No Senior Community YN No Special Listing Conditions Standard Vacancy Allowance Rate 100 Zoning Lac2



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-05-26T18:34:23.413. 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 deemed reliable but is not guaranteed accurate by the MLS or The Houston Team | Compass CA DRE#01991628. Licensed in the State of California, USA.
 
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The Houston Team | Compass CA DRE#01991628
2100 Costa Del Mar
Carlsbad CA, 92009
Listing Agent(s): Eliza Kerndian of Keller Williams Realty Westside (310-482-2500)