1714 West Florence Avenue

Los Angeles, CA 90047

$1,325,000
Price
4
Beds
4
Baths
3,622 Sq. Ft.
$366 / Sq. Ft.
3,622
Sq. Ft.
$366
per Sq. Ft.

Description

This is a great opportunity to generate positive cash flow. It's a fourplex plus a storefront that can be used in various ways. Three units were updated with new flooring, countertops, and cabinets. This property is also ideal for a non-profit business. It is centrally located to downtown, the airport, and the 110/105 freeways. All offers are to be submitted subject to inspection.This is a great opportunity to generate positive cash flow. It's a fourplex plus a storefront that can be used in various ways. Three units were updated with new flooring, countertops, and cabinets. This property is also ideal for a non-profit business. It is centrally located to downtown, the airport, and the 110/105 freeways. All offers are to be submitted subject to inspection.
  1. Listed by Regina Hooks • DRE #01207855 • Brokerage DRE #00917764 • Robert Pitts Estates

Property Details for 1714 West Florence Avenue

Zoning
LAC2
Parcel Number
6018002003
Total Units
4.0
Living Area
3622
Source Living Area
Vendor Enhanced
Area
Metropolitan Southwest (C36)
Vacancy Rate
0%
Lot Size Area
2954
LISTING UPDATED: 11/23/2024 10:09 AM

Property Details for 1714 West Florence Avenue

StatusActive
MLS #24-463465
Days on Market19
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1946
Lot Size0.07 AC / 2,954 SF
CountyLos Angeles County

Building Information for 1714 West Florence Avenue

Stories2Residences-Year Built1946Building Size-Lot Size0.07 AC / 2,954 SF

Property Information for 1714 West Florence Avenue

Community / Development
Community / Development
  • Number Of Units: 4
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 2
  • Type Of Units: 4PLEX
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $150,000
  • Net Operating Income: $152,700.00
  • Gross Income: $12,900
  • Gross Rent Multiplier: $7.60
  • Actual Gross Annual Income: $154,800
  • Total Annual Expense: 350
  • Water Expense: $350.00
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.0678
  • Lot Size Square Feet: 2954
  • Lot Size Dimensions: 25x117
  • Source Lot Size Dimensions: Vendor Enhanced
Parking Details
Parking Details
  • Parking Garage: Attached, Garage - 1 Car
  • Total Parking: 1
  • Parking Features: Garage - Single Door
  • Attached Garage: Yes
Interior Features
Interior Features
  • Levels: Two
  • Cooling: None
  • Cooling Type: None
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Equipment: None
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 11-13-2024
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $3,000.00
  • Unit Actual Rent: $3,000.00
  • Unit Projected Rent: $3,000.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,100.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $2,100.00
  • Like Units: 2
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $3,000.00
  • Like Units: 3
Unit 4 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $1,800.00
  • Like Units: 4
Unit 5 Information
  • Unit Beds: 0
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $3,000.00
  • Unit Actual Rent: $3,000.00
  • Unit Projected Rent: $4,500.00
  • Like Units: 5
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109, 2110
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $177,239.00
  • Assessed Improvement Percent: 75.85
  • Assessed Land Value: $56,441.00
  • Assessed Land Percent: 24.15
  • Assessed Total Value: $233,680.00

Property History for 1714 West Florence Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1714 West Florence Avenue

Taxable ValueLand$57,569Additions$180,783Total$238,352
Tax Record2024$3,271 ($273 / month)
Home Facts
Total Finished SqFt3,622 SqFtAbove Grade Finished SqFt3,622 SqFtLot Size2,954 SqFtStyleQuadraplexYear Built1946ZoningLAC2CountyLOS ANGELESAPN6018-002-003

Schools near 1714 West Florence Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Charter - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Raymond Avenue Elementary School
PublicK to 5

Alliance Leadership Middle Academy
Charter6 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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1714 West Florence Avenue is a multi-family home for sale in Los Angeles, CA 90047. This property was listed for sale on November 13, 2024 by Robert Pitts Estates, it's currently listed at $1,325,000. This listing's school district is Los Angeles Unified School District. Nearby schools include Raymond Avenue Elementary School, Alliance Leadership Middle Academy and Augustus F. Hawkins High A Critical Design And Gaming. 1714 West Florence Avenue is a 4-bed, 4-bath, 3,622 sqft multi-family home built in 1946.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Robert Pitts Estates, Regina Hooks, DRE #01207855

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.