Los Angeles, CA 90047 2024 W Florence Avenue
$900,000
Presented By: Shea Nelson with Watkins Realty & Investments;
Beds • 5
Baths • 3
SQFT • 2,091
Year Built • 1950
Home Details
Investor Opportunity: Assumable 2.25% FHA Loan + Seller Financing Purchase Price: $900,000 Assumable Loan: Existing FHA loan at 2.25% interest rate (subject to lender approval) Seller Financing: Seller is willing to carry back up to $120,000, with no payments for the first 12 months Property Highlights: Buyer will receive one 2-bedroom unit delivered vacant at closing $30,000 tenant buyout included in deal to secure vacancy Remaining two units are occupied and generate $2,736 in monthly rent Property is governed by the Los Angeles Rent Stabilization Ordinance (RSO) Located within a high-growth area near 2028 Olympic venuesPlease do not disturb tenants. Interior inspection of units only upon accepted offer.
Presented By: Shea Nelson with Watkins Realty & Investments;
Interior Features for 2024 W Florence Avenue
Bedrooms
Total Bedrooms5
Bathrooms
Half Baths0
Total Baths3
1/4 Baths
3/4 Baths
Other Interior Features
Air Conditioning Y/NNo
Basement (Y/N)No
Fireplace Y/NNo
FlooringWood
Heating Y/NYes
Interior AmenitiesCeilingFans
Laundry FeaturesNone
Total Stories1
General for 2024 W Florence Avenue
AccessibilityNone
Additional Parcels Y/NNo
Attached Garage No
Buyer FinancingCash, Conventional, Fha
Cap Rate5.7
Carport Y/NNo
CityLos Angeles
CountyLos Angeles
DirectionsWest Florence Avenue and Gramercy Place
Electric On Property Y/NNo
Full Baths
Garage Y/NNo
Gross Income53472.0
HOANo
HeatingWallFurnace
High School DistrictLos Angeles Unified
Home Warranty Y/NNo
Insurance Expense325.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsOne
Lot Size Square Feet5109.0
Lot Size UnitsSquareFeet
MLS AreaC36 - Metropolitan Southwest
MaintenanceExpense100.0
MobileHomeRemainsYNNo
Net Operating Income51972.0
New ConstructionNo
Number Of Units Total3
Occupancy TypeTenant
Open Parking Spaces3.0
Pool FeaturesNone
Property Attached Y/NNo
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
Spa FeaturesNone
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories1
Taxes$825
Tenant PaysElectricity, Gas
Year Built1950
ZoningLAC2
Exterior for 2024 W Florence Avenue
Building Area Total2091.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Size Acres0.1173
Lot Size Area5109.0
Number of Buildings1
Open Parking Y/NNo
Parking FeaturesAssigned
Private PoolNo
SpaNo
Total Parking0.0
WaterfrontY/NNo
Additional Details
Price History
Keegan Cin
Team Lead
