1156 W Florence Avenue, Los Angeles, CA 90044

Los Angeles
Local realty services provided by:Better Homes and Gardens Real Estate Property Shoppe
1156 W Florence Avenue,Los Angeles, CA 90044
$6,250,000
  • 18 Beds
  • 23 Baths
  • 9,571 sq. ft.
  • Multi-family
  • Active
Listed by: josh hodeda
Office: elavate,inc.818-643-1980
MLS#:26871793
Source:CRMLS

Price summary

  • Price:$6,250,000
  • Price per sq. ft.:$653.01

About this home

**IMMEDIATE CASH FLOW AT DAY ONE** **100% MASTER LEASED** NEWLY CONSTRUCTED 15 UNIT APARTMENT BUILDING. eLAvate, Inc. is pleased to present 1156 W. Florence Ave. A newly constructed 15 unit apartment community with a dedicated on site office, 100% MASTER-LEASED to a single corporate tenant encompassing all 15 units. This is not a lease up. This is IMMEDIATE CASH FLOW AT DAY ONE with none of the leasing risk, turnover cost or vacancy drag of traditional multifamily ownership. 13 of the 15 units are restricted via a recorded rental covenant. 2 units (both three bedrooms) are at market rate/unrestricted. New construction delivered in March 2026. Three stories, 9,571 SF living space, 6,000 SF lot. 15 residential units + 1 on site office (lobby level, with private restroom & HVAC). Unit Mix: 7 Studios | 6 Two Bedroom/Two Bath with washer & dryer | 2 Three Bedroom/Two Bath with washer & dryer. All electric property. Every unit equipped with stainless steel refrigerator, microwave,...

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Home facts

  • Year built:2026
  • Listing ID #:26871793
  • Added:46 day(s) ago
  • Updated:September 28, 2026 at 12:21 PM

Rooms and interior

  • Bedrooms:18
  • Total bathrooms:23
  • Flooring:Tile
  • Kitchen Description:Dishwasher, Disposal, Electric Cooktop, Electric Oven, Microwave, Refrigerator
  • Living area:9,571 sq. ft.

Heating and cooling

  • Cooling:Central Air
  • Heating:Central
  • Central air:Yes

Structure and exterior

  • Year built:2026
  • Building area:9,571 sq. ft.
  • Lot area:0.14 Acres

Finances and disclosures

  • Price:$6,250,000
  • Price per sq. ft.:$653.01

Features and amenities

  • Appliances:Dishwasher, Disposal, Dryer, Electric Cook Top, Electric Oven, Washer
  • Laundry features:Dryer, Washer
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