3305 West Florence Avenue

Los Angeles, CA 90043

$1,600,000
Price
—
Beds
6,924 Sq. Ft.
$231 / Sq. Ft.
6,924
Sq. Ft.
$231
per Sq. Ft.

Description

Great Investment Property. Increase your investment portfolio with 8 units Great Rental Income in the greater Los Angeles Area. 8 Gas Meters and 8 Electricity Meters. Property located in a convenient area perfect for tenants to commute. Property currently holds 5 tenants under section 8. All rents are current. Conveniently located within walking distance to shopping centers, grocery stores, restaurants, coffee shops, banks, parks, gas stations, Metro Line, schools, museums. Easy access to major freeways....Great Investment Property. Increase your investment portfolio with 8 units Great Rental Income in the greater Los Angeles Area. 8 Gas Meters and 8 Electricity Meters. Property located in a convenient area perfect for tenants to commute. Property currently holds 5 tenants under section 8. All rents are current. Conveniently located within walking distance to shopping centers, grocery stores, restaurants, coffee shops, banks, parks, gas stations, Metro Line, schools, museums. Easy access to major freeways. Gated, newer Roof and well maintained property with low maintenance and long-term tenants. 1031 Exchange welcome!. Great investment property for any investor. Property will be delivered occupied with existing tenants. Please do not walk on property or disturb tenants! Listing info deemed reliable, but not guaranteed. No warranties expressed or implied.
  1. Listed by Lluvia Martinez • DRE #01719643 • Brokerage DRE #01719643 • Executives Group Real Estate

Property Details for 3305 West Florence Avenue

Parking Spaces Total
8
Private Pool
No
Total Units
8.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
6924
Assessor Parcel Number
4006-032-016
Property Attached YN
true
LISTING UPDATED: 09/09/2020 09:56 AM

Property Details for 3305 West Florence Avenue

StatusActive
MLS #DW20184716
Days on Market1532
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1964
Lot Size0.15 AC / 6,349 SF
CountyLos Angeles County

Building Information for 3305 West Florence Avenue

Stories2Residences-Year Built1964Building Size-Lot Size0.15 AC / 6,349 SF

Property Information for 3305 West Florence Avenue

Rental Info
Rental Info
  • Tenant Pays: Electricity, Gas
Income / Expense / Tax Details
Income Details
  • Gross Income: $118,128
  • Gross Scheduled Income: $118,128
  • Net Operating Income: $80,342
  • Current Financing: Conventional
Expense Details
  • Operating Expense: $37,786
  • New Taxes Expense: $20,000
  • Fuel Expense: $0
  • Licenses Expense: $62
  • Electric Expense: $1,644
  • Insurance Expense: $3,456
  • Professional Management Expense: $0
  • Trash Expense: $2,952
  • Water Sewer Expense: $9,672
  • Total Expenses: $37,786
Tax / Assessment Info
  • Tax Tract Number: 2030
  • Tax Lot: 17
Community / Development
Community / Development
  • Accessibility Features: 2+ Access Exits
  • Disability Access: 2+ Access Exits
  • Community Features: Sidewalks, Street Lights
  • Investment Property: Yes
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Common Area, Community, Individual Room
  • Laundry Equipment Own Lease: Own
Exterior Features
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: 0-1 Unit/Acre
  • Land Use: Multi-Family
  • Lease Considered: No
  • Number Of Units: 8
  • Land Lease: No
  • Land Lease Type: Fee
  • Sewer: Public Sewer
  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking Garage Spaces: 0
  • Carport Spaces: 8
Property / Structure Info
  • Building Status: Existing
  • Asset Class: Multi-Family
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $1,606
  • Unit Type Total Rent: $1,600
  • Unit Type Pro Forma: 1600
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $1,600
  • Unit Type Total Rent: $1,606
  • Unit Type Pro Forma: 1700
  • Unit Type Type: 2
  • Unit Type Description: Section 8 Contract
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $1,434
  • Unit Type Total Rent: $903
  • Unit Type Pro Forma: 1287
  • Unit Type Type: 3
  • Unit Type Description: Section 8 Contract
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $1,256
  • Unit Type Total Rent: $1,287
  • Unit Type Pro Forma: 1287
  • Unit Type Type: 4
  • Unit Type Description: Section 8 Contract
Unit 5
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $994
  • Unit Type Total Rent: $994
  • Unit Type Pro Forma: 1600
  • Unit Type Type: 5
Unit 6
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $1,287
  • Unit Type Total Rent: $1,256
  • Unit Type Pro Forma: 1600
  • Unit Type Type: 6
  • Unit Type Description: Section 8 Contract
Unit 7
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $903
  • Unit Type Total Rent: $1,434
  • Unit Type Pro Forma: 1600
  • Unit Type Type: 7
Unit 8
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $764
  • Unit Type Total Rent: $764
  • Unit Type Pro Forma: 1287
  • Unit Type Type: 8
  • Unit Type Description: Section 8 Contract
Unit Information
  • Number Of Units Leased: 8
  • Rent Controlled: Yes
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 8
  • Number Of Separate Water Meters: 1

Property History for 3305 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 3305 West Florence Avenue

Taxable ValueLand$1,316,958Additions$232,403Total$1,549,361
Tax Record2024$19,872 ($1,656 / month)
Home Facts
Total Finished SqFt6,924 SqFtAbove Grade Finished SqFt6,924 SqFtLot Size6,349 SqFtStyleMulti-Family Res (5+ Units)Year Built1964ZoningLAC2CountyLOS ANGELESAPN4006-032-016

Schools near 3305 West Florence Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Yes Academy
Public - K to 5
Alliance Leadership Middle Academy
Charter - 6 to 8
Crenshaw Science, Technology, Engineering, Math And Medicine Magnet
Public - 9 to 12
Alliance Renee And Meyer Luskin Academy High School
Charter - 9 to 12
Rating
School
Distance
Yes Academy
PublicK to 5

Alliance Leadership Middle Academy
Charter6 to 8

Crenshaw Science, Technology, Engineering, Math And Medicine Magnet
Public9 to 12

Alliance Renee And Meyer Luskin Academy High School
Charter9 to 12

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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More information about 3305 West Florence Avenue, Los Angeles, CA 90043

3305 West Florence Avenue is a multi-family home for sale in Los Angeles, CA 90043. This property was listed for sale on September 5, 2020 by Executives Group Real Estate, it's currently listed at $1,600,000. It has been on the market for a total of 1532 days and was last sold on June 8, 2021. This listing's school district is Los Angeles Unified School District. Nearby schools include Yes Academy, Alliance Leadership Middle Academy and Crenshaw Science, Technology, Engineering, Math And Medicine Magnet. 3305 West Florence Avenue is a 0-bed, 0-bath, 6,924 sqft multi-family home built in 1964.

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 Executives Group Real Estate, Lluvia Martinez, DRE #01719643

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.