2214 West Florence Avenue Los Angeles, CA ^$ 1,050,000

2214 West Florence Avenue

^$ 1,050,000

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2214 West Florence Avenue

Los Angeles, CA, 90043

^$ 1,050,000

Studio Baths0.0

Monthly Estimate*

^$ 7,335

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Studio

Commercial Property for sale in Los Angeles, CA

for $1,050,000. This building was built in 1941.

Are you geared up for an outstanding opportunity to acquire a 4-unit building that produces consistent cash flow, presenting promising avenues for expansion? Monthly Pro Forma Rent is $6,600 with a cap rate of 5.14%. Additionally, featuring 8 uncovered parking spaces in the back and additional parking across the street at the county library, it operates seamlessly like a finely tuned mechanism. Take swift action, as this opportunity is passing and will soon be gone.

Commercial Active

Price

^$ 1,050,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 0

Style

Year Built

1941

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

0024370953

Features

General

Roof Flat

Zoning LAC2

Security Features Smoke Detector(s) Carbon Monoxide Detector(s)

Construction Materials Stucco Wood Siding

Year Built 1941

County Los Angeles

Net Operating Income 50355.0

Insurance Expense 2520.0

Property Type F

Status Active

City Los Angeles

MLS Area PHHT - Park Hills Heights

Lot Size Square Feet 0.0

Street Name Florence

Standard Status Active

Exterior

Water Source Public

Lot Size Area 5792.0

Lot Size Acres 0.0

Land Lease Type Fee

Interior

Total Stories 1

Heating Y/N No

Street Suffix Avenue

Total Baths 0

* Excluded Features

List By

Dan Stueve

Listing Agent

Equity Union

Broker

Affordability Calculator

$7,335

Per Month

Monthly Principal & Interest: $7,335
Monthly Property Taxes: --
Monthly Home Insurance: --

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Interest Rate

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Yearly Home Insurance

Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Los Angeles, CA

Average List Price ^$2,194,282

Percent of Sale Price 109%

About Los Angeles, CA

3,920,026 Population

6% Since 2002

^$55,057 Median Income

36.82 Median Age

27% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

793437 Elementary School

793428 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
3/22/2024	$1,050,000		Listed Price

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2214 West Florence Avenue, Los Angeles, CA, 90043 is a Commercial Property for sale at $1,050,000. 2214 West Florence Avenue is a studio with 0.0 baths and was built in 1941. The property's zip code is 90043 which is in Los Angeles, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Desert Association of Realtors.

Based on information from the California Desert Association of REALTORS® as of 3/22/2024. 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.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the California Desert Association of Realtors. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors include the name of the listing brokers.

The information being provided is for consumers' personal, non-commercial use and may not be reproduced or redistributed. Its sole purpose is to be used to identify prospective properties consumers may be interested in purchasing.

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2214 West Florence Avenue

Commercial Property for sale in Los Angeles, CA

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