247 W Florence, Los Angeles, CA 90003

Los Angeles
Local realty services provided by:Better Homes and Gardens Real Estate Property Shoppe
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:3 day(s) ago
  • Updated:April 25, 2026 at 10:33 AM

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
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