247 W Florence, Los Angeles, CA 90003

Los Angeles
Local realty services provided by:Better Homes and Gardens Real Estate Clarity
247 W Florence,Los Angeles, CA 90003
$1,050,000
  • - Beds
  • - Baths
  • 6,410 sq. ft.
  • Multi-family
  • Active
Listed by: aaron jacobson, william james
Office: lyon stahl investment real estate, inc.310-425-9838
MLS#:SB26085337
Source:CRMLS

Price summary

  • Price:$1,050,000
  • Price per sq. ft.:$163.81

About this home

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.

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Home facts

  • Year built:1919
  • Listing ID #:SB26085337
  • Added:69 day(s) ago
  • Updated:June 29, 2026 at 01:44 PM

Rooms and interior

  • Living area:6,410 sq. ft.

Structure and exterior

  • Year built:1919
  • Building area:6,410 sq. ft.
  • Lot area:0.14 Acres

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$1,050,000
  • Price per sq. ft.:$163.81

Parking

  • Total parking spaces:4
  • Garage:Yes
  • Garage spaces:4
Based on information from California Regional Multiple Listing Service, Inc. as of June 29, 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. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

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