Description
We are pleased to present 139 W Florence Ave a well-located 4-unit multifamily property in the heart of Los Angeles, with 1 unit delivered VACANT at closing! Positioned just east of the 110 Freeway, this property offers excellent access to major Los Angeles destinations, including LAX, SoFi Stadium, Downtown LA, the LA Convention Center, and the USC Coliseum. The offering includes RTI (Ready-to-Issue) plans for a 2-bedroom ADU, giving the next owner a clear path to add value and increase rental income potential. The property features two duplexes totaling approximately 2,552 rentable square feet, originally built in 1936, and situated on a 4,960 square foot LAC2-zoned lot with alley access. The unit mix consists of four (4) two-bedroom, one-bath units, with 1 unit delivered VACANT making it ideal for an owner-user or to lease at market rent. Offered at an attractive price of $850,000, this is a fantastic opportunity for investors or owner-occupants looking to live in one unit while generating income from the other three to help offset mortgage and expenses. Contact the listing broker for additional details.
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Neighborhood & Market Insights
This property is 23.1% below the current neighborhood median.
The schools block is active and ready for district, ratings, and assigned-school provider data.
22.4% modeled change across available points
- Principal and Interest
- Property Tax
- HOA fee
