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2214 W Florence Avenue

Los Angeles (City), CA 90043
  • $999,500
  • STATUS: Active
  • ON SITE: 202 Days
  • ID#: 24370953
UPDATED: 150 min ago
$999,500
  • 0
    BEDS
  • 0.13
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Commercial
Built:
1941
County:

School Ratings & Info

Listing Agent(s): Dan Stueve of Equity Union (424-600-7620) and Robert Siegmeth of Equity Union(818-989-2000)


Description

Are you geared up for an outstanding opportunity to acquire a 4-unit building that produces consistent cash flow, presenting promising avenues for expansion? Monthly Pro Forma Rent is $6,600 with a cap rate of 5.14%. Additionally, featuring 8 uncovered parking spaces in the back and additional parking across the street at the county library, it operates seamlessly like a finely tuned mechanism. Take swift action, as this opportunity is passing and will soon be gone.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2024-10-10T00:29:02.277. 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 deemed reliable but is not guaranteed accurate by the MLS or Go Gabby | RE/MAX Estate Properties. Licensed in the State of California, USA.
www.gogabby.com/homes/148801231
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2214 W Florence Avenue Los Angeles (City), CA 90043

  • Price: $999,500
  • Status: Active
  • On Site: 202 Days
  • Updated: 150 min ago
  • ID#: 24370953
0
Beds
0
Baths
0
½ Baths
0.13
Acres
1941
Built
Neighborhood:
PHHT - Park Hills Heights
County:
Los Angeles
Area:
PHHT - Park Hills Heights
Property Description
Are you geared up for an outstanding opportunity to acquire a 4-unit building that produces consistent cash flow, presenting promising avenues for expansion? Monthly Pro Forma Rent is $6,600 with a cap rate of 5.14%. Additionally, featuring 8 uncovered parking spaces in the back and additional parking across the street at the county library, it operates seamlessly like a finely tuned mechanism. Take swift action, as this opportunity is passing and will soon be gone.
Exterior Features

Construction Materials StuccoWood Siding Open Parking Spaces 8 Parking Total 8 Roof Flat

Interior Features

Heating None Heating YN No

Property Features

Association Fee 0 Business Type Retail Buyer Financing Cash Cap Rate 5.4 Gross Scheduled Income 79200 Insurance Expense 2520 Laundry Features None Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Cash Maintenance Expense 6000 Net Operating Income 50355 Other Expense 3600 Security Features Carbon Monoxide Detector(s)Smoke Detector(s) Special Listing Conditions Standard Water Source Public Zoning LAC2



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-10-10T00:29:02.277. 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 deemed reliable but is not guaranteed accurate by the MLS or Go Gabby | RE/MAX Estate Properties. Licensed in the State of California, USA.
 
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Go Gabby | RE/MAX Estate Properties
1901 S Catalina Ave.
Redondo Beach CA, 90277
Listing Agent(s): Dan Stueve of Equity Union (424-600-7620) and Robert Siegmeth of Equity Union(818-989-2000)