2422 West Florence Avenue
$699,000
5
2
1,066
1,066
$656
Listed By Compass
Description
DELIVERED VACANT AT CLOSE OF ESCROW! Located in a prime location near vibrant Inglewood and just moments from SoFi Stadium and Intuit Stadium, this commercially zoned duplex is a standout investment opportunity. Currently, the property generates substantial monthly rental income of $6,000 from its existing residential units. 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....DELIVERED VACANT AT CLOSE OF ESCROW! Located in a prime location near vibrant Inglewood and just moments from SoFi Stadium and Intuit Stadium, this commercially zoned duplex is a standout investment opportunity. Currently, the property generates substantial monthly rental income of $6,000 from its existing residential units. 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. What sets this property apart is its potential for expansion and transformation. It comes with approved plans and RTI (Ready-To-Issue) permits for a modern, three-story apartment building that can accommodate either three or four units. 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. 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.
Listing Agents
Property Details for 2422 West Florence Avenue
Water Front
None
ZoningLAC2
StyleOther
Parcel Number4009002007
Total Units2.0
Living Area1066
Source Living AreaAssessor
AreaPark Hills Heights (PHHT)
LISTING UPDATED: 10/18/2024 04:09 PM
Property Details for 2422 West Florence Avenue
Status | Active |
---|---|
MLS # | 24-430687 |
Days on Market | 73 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1955 |
Lot Size | 0.13 AC / 5,744 SF |
County | Los Angeles County |
Compensation Remarks | Seller will consider offers with requests for Buyer Broker Compensation. Please submit C.A.R. form SPBB with offer documents. |
Building Information for 2422 West Florence Avenue
Stories1Residences-Year Built1955Building Size-Lot Size0.13 AC / 5,744 SF
Property Information for 2422 West Florence Avenue
Property History for 2422 West Florence Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 2422 West Florence Avenue
Taxable ValueLand$243,016Additions$106,120Total$349,136
Tax Record2024$4,630 ($386 / month)
Home Facts
Total Finished SqFt1,066 SqFtAbove Grade Finished SqFt1,066 SqFtStories1Lot Size5,742 SqFtStyleMedical BuildingsYear Built1955ZoningLAC2CountyLOS ANGELESAPN4009-002-007
Schools near 2422 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 | |||
Charter - | K to 5 |
Rating | School | Distance |
---|---|---|
Seventy-Fourth Street Elementary School PublicK to 5 | ||
Alliance Leadership Middle Academy Charter6 to 8 | ||
Learning by Design Charter CharterK to 5 |
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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