247 W Florence Los Angeles, CA ^$ 1,050,000

247 W Florence

^$ 1,050,000

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Recently Listed

247 W Florence

Los Angeles, CA, 90003

^$ 1,050,000

Studio Baths1.0 Sq 6,410

Monthly Estimate*

^$ 6,465

Listed by Lyon Stahl Investment Real Estate, Inc.

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Studio

Multi-Family Home for sale in Los Angeles, CA

for $1,050,000 with 1 full bath. This 6,410 square foot home was built in 1919 on a lot size of 0.137.

247 W Florence Avenue presents an opportunity to acquire a mixed-use investment property in South Los Angeles. The asset consists of eight total units, including (5) one-bedroom/one-bath residential units and (3) ground-floor commercial spaces, offering a diverse income stream. Priced at $131,250 per unit and $163 per square foot, the property provides an attractive basis for investors. The property is currently operating at a 6.04% cap rate and 8.77 GRM, with approximately 40% rental upside, presenting a strong opportunity to increase cash flow through rent adjustments and operational improvements. The property is located along the active Florence Avenue corridor in South Los Angeles, offering convenient access to Downtown Los Angeles, University of Southern California, and major transportation routes including Interstate 110 and Interstate 105, connecting tenants to employment centers and amenities throughout the city.

Multi-Family Active

Price

^$ 1,050,000

Bedrooms

Studio

Full Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

Lot Size

0.137

Year Built

1919

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

SB26085337

Days on Market

Features

General

Sewer Public Sewer

Garage Spaces 4

Pool Features None

Year Built 1919

Property Subtype Mixed Use

Gross Income 119794

Community Features Curbs Suburban Sidewalks Urban

County Los Angeles

Net Operating Income 63375

Operating Expense 50430

Insurance Expense 0

New Construction false

Property Type Residential Income

Garage Y/N true

Special Listing Conditions Standard

Status Active

Directions West of Main Street and East of Broadway

City Los Angeles

Entry Location Front

Senior Community Y/N false

Number Of Units Total 8

MLS Area C42 - Downtown L.A.

Lot Size Units Square Feet

Lot Size Square Feet 5969

Listing Terms Cash Cash to New Loan Conventional Contract

Property Attached Y/N false

Land Lease Y/N false

Electric Expense 0

Fuel Expense 0

Trash Expense 0

Water Sewer Expense 0

Additional Parcels Y/N false

Rent Control Y/N true

Building Area Units Square Feet

Standard Status Active

Year Built Source Assessor

Tax Lot 140

Property Sub Type Additional Mixed Use

Cap Rate 6.04

Interior

Total Stories 2

Common Walls No Common Walls

Laundry Features None

Entry Level 1

Exterior

Lot Features 0-1 Unit/Acre

Water Source Public

Total Parking 4

Lot Size Area 5969

Number of Buildings 1

Building Area Total 6410

Lot Size Acres 0.137

Private Pool false

Lot Size Source Assessor

Number of Separate Water Meters 1

Number of Separate Gas Meters 8

Number of Separate Electric Meters 8

* Excluded Features

List By

Lyon Stahl Investment Real Estate, Inc.

Broker

aaron@lyonstahl.com

Affordability Calculator

$6,465

Per Month

Monthly Principal & Interest: $6,465
Monthly Property Taxes: --
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 6.25% 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

Multi-family listings in Los Angeles, CA

Average List Price ^$1,887,832

Percent of Sale Price 80%

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.

4827338 Elementary School

4827337 Middle School

Unknown High School High School

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Pricing History

Date	Price	Price Change	Description
4/21/2026	$1,050,000		Listed Price

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247 W Florence, Los Angeles, CA, 90003 is a Multi-Family Home for sale at $1,050,000 with 6,410 sqft and a lot size of 0.137. 247 W Florence is a studio with 1.0 baths and was built in 1919. The property's zip code is 90003 which is in Los Angeles, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.25% 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 Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 4/24/2026. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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247 W Florence

Multi-Family Home for sale in Los Angeles, CA

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