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1649 W Florence Ave

Los Angeles, CA 90047
  • $695,000
  • STATUS: Active
  • ON SITE: 29 Days
  • MLS #: 22-143177
UPDATED: 6 min ago
$695,000
  • 2
    BEDS
  • 0.06
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1940
County:

School Ratings & Info

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 the Combined LA/Westside Multiple Listing Service as of 2022-05-25T15:43:13.483. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.searchdesertrealestate.com/homes/128030219
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1649 W Florence Ave Los Angeles, CA 90047

  • Price: $695,000
  • Status: Active
  • On Site: 29 Days
  • Updated: 6 min ago
  • MLS #: 22-143177
2
Beds
0
Baths
0
½ Baths
0.06
Acres
1940
Built
Neighborhood:
Los Angeles Southwest
County:
Los Angeles
Area:
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

Lot Size Area 2676 Other Structures Other Parking Garage On Street Total Parking 0

Interior Features

Baths Total 2.00 Cooling Wall Unit(S) Equipment CableGas Dryer HookupAntennaGas Or Electric Dryer Hookup Heating Wall Laundry In Unit

Property Features

Gross Income 55824 Gross Operating Income 85800 Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 1 Net Operating Income 57775.00 Number Of Buildings 1 Number Of Units 3 Sale Type Standard Source Lot Size Area Vendor Enhanced Source Lot Size Dimensions Vendor Enhanced Total Annual Expense 24760 Type Of Units Mixed Use Year Built Source Vendor Enhanced Zoning Lac2

Listing provided courtesy of Eliza Kerndian DRE#01398836 of Keller Williams Realty Westside.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-05-25T15:43:13.483. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
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