247 W Florence Ave, Los Angeles, CA 90003 (MLS # SB26085337)

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PRICE $1,050,000 dsIDX morgage calculator
BEDS 0
BATHS 0
HOME SIZE 6,410 sqft
LOT SIZE 5,968 sqft
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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.

DAYS ON MARKET 4 LAST UPDATED 4/21/2026
YEAR BUILT 1919 COMMUNITY C42 - Downtown L.A.
GARAGE SPACES 4.0 COUNTY Los Angeles
STATUS Active PROPERTY TYPE(S) Residential Income


ADDITIONAL DETAILS
AREA C42 - Downtown L.A.
GARAGE Yes
LOT 5968 sq ft
LOT DIMENSIONS 5969
POOL DESCRIPTION None
SEWER Public Sewer
STORIES 2
WATER Public
MORTGAGE CALCULATOR
   

TOTAL MONTHLY PAYMENT

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Listed with Lyon Stahl Investment Real Estate, Inc.

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