2422 W Florence Avenue, Los Angeles, CA 90043
Local realty services provided by:Better Homes and Gardens Real Estate Everything Real Estate
2422 W Florence Avenue,Los Angeles, CA 90043
$850,000
- 5 Beds
- 2 Baths
- 1,066 sq. ft.
- Multi-family
- Active
Listed by: benjamin russell
Office: douglas elliman of california, inc.310-819-3250
MLS#:26834715
Source:CRMLS
Price summary
- Price:$850,000
- Price per sq. ft.:$797.37
About this home
Duplex DELIVERED VACANT AT CLOSE OF ESCROW! ARV appraisal included at $2,200,000 - Located in a prime location near vibrant Inglewood and just moments from SoFi Stadium and Intuit Stadium, this commercially zoned property is a standout investment opportunity. What sets this property apart is its potential for expansion and transformation. It comes with approved plans and RTI (Ready-To-Issue) permits, saving valuable time and expense, for a modern, three-story apartment building that can accommodate either three or four units. Plans available for review. To maximize the rental income opportunity the design is of 5,500 square feet of living space, across up to 4 units and up to 13 bedrooms. This flexibility allows investors and developers to capitalize on its commercial zoning, enhancing its value proposition. Moreover, the location is prime for capitalizing on the dynamic growth of Inglewood. With nearby entertainment venues, shopping options, and easy access to major freeways, residents will enjoy convenience and accessibility. One of the most compelling features of this offering is that it will be delivered vacant at the close of escrow. This means new owners can move swiftly with their development plans without the constraints of existing leases, maximizing their flexibility and timeline. Currently, the Duplex generates substantial monthly rental income of $6,000 from its existing two residential units or 5 bedrooms. This income stream provides immediate cash flow while laying the groundwork for future development. Beyond its financial prospects, the property offers significant room for growth. There's ample space on the lot to add a third unit or an ADU (Accessory Dwelling Unit), offering additional rental income potential. Ample parking enhances the property's practicality and appeal. This property represents a rare blend of current income and expansive future potential. Whether you're looking to invest in income-generating rental units, develop a modern apartment building, or explore the possibilities of commercial zoning, this opportunity should not be missed....
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Home facts
- Year built:1955
- Listing ID #:26834715
- Added:29 day(s) ago
- Updated:June 26, 2026 at 01:38 PM
Rooms and interior
- Bedrooms:5
- Total bathrooms:2
- Living area:1,066 sq. ft.
Heating and cooling
- Heating:Central Furnace
Structure and exterior
- Year built:1955
- Building area:1,066 sq. ft.
- Lot area:0.13 Acres
- Levels:1 Story
Finances and disclosures
- Price:$850,000
- Price per sq. ft.:$797.37
Parking
- Total parking spaces:10
- Parking description:Driveway
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