1508 W Florence Avenue,Los Angeles, CA 90047
Los Angeles, CA 90047
Description
1508 W. Florence Avenue is a well-maintained six-unit multifamily investment property constructed in 1990. Importantly, the property is not subject to the City of Los Angeles Rent Stabilization Ordinance (RSO) due to its year of construction; however, it is subject to California's AB 1482 (Tenant Protection Act), providing investors with a more favorable regulatory framework than older, fully rent-controlled assets. The asset features a diverse and desirable unit mix consisting of two (2) one-bedroom/one-bath units, two (2) two-bedroom/one-bath units, and two (2) three-bedroom/one-bath units, totaling approximately 4,940 rentable square feet on a 5,902-square-foot lot. This balanced mix attracts a broad tenant base and helps mitigate vacancy risk. The property offers ample on-site gated parking and a secured gated entry, amenities that are increasingly important to tenants and supportive of strong occupancy. The central Florence Avenue location provides convenient access to major transportation corridors, employment centers, and neighborhood retail, with proximity to Inglewood, Downtown Los Angeles, and LAX.1508 W. Florence Avenue represents a durable, income-oriented investment offering regulatory flexibility, tenant appeal, and long-term appreciation potential in a core Los Angeles rental corridor.
Details
| MLS # | 26644131 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1990 |
| Days On Site | 210 |
| Listing Provided By | BRC Advisors- BH | Sam Grayeli |
Features
| Bed(s) | 12 |
|---|---|
| Bath(s) | 6 |
| SQ Feet | 4,910 |
| Units | 6 |
| Building(s) | 1 |
| Zoning | LAC2 |
| Acreage | 0.07 |
Interior
| Heating | Wall Furnace |
|---|---|
| Heating Yes / No | Yes |
| Interior Features | Ceiling Fans |
Parking
| Parking Features | None |
|---|
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90047 |
| Area | C36 Metropolitan Southwest |
| Listing VS Median (in 90047) | |
Price: $1,775,000 low | high Med: $895,000 sqft: 4,910 low | high Med: 1,770 $ / sqft: $362 low | high Med: $506 On site: 210 low | high Med: 134 | |
Market Activity 90047
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90047 |
| Area | C36 Metropolitan Southwest |
| Listing VS Median (in 90047) | |
Price: $1,775,000 low | high Med: $895,000 sqft: 4,910 low | high Med: 1,770 $ / sqft: $362 low | high Med: $506 On site: 210 low | high Med: 134 | |
