2214 W Florence Avenue Los Angeles, CA ^$ 1,050,000

2214 W Florence Avenue

^$ 1,050,000

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2214 W Florence Avenue

Los Angeles, CA, 90043

^$ 1,050,000

Studio Baths0.0 Sq 2,500

Monthly Estimate*

^$ 7,335

Listed by Equity Union

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Studio

Commercial Property for sale in Los Angeles, CA

for $1,050,000. This 2,500 square foot building was built in 1941 on a lot size of 0.133.

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.

Commercial Active

Price

^$ 1,050,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 0

Style

Lot Size

0.133

Year Built

1941

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

24370953

Days on Market

Features

General

Heating None

Roof Flat

Zoning LAC2

HOA 0.0

Security Features CarbonMonoxideDetectors SmokeDetectors

Construction Materials Stucco WoodSiding

Year Built 1941

Business Type Retail

County Los Angeles

Net Operating Income 50355.0

Insurance Expense 2520.0

New Construction N

Property Type CommercialSale

HOA / Comm Assn N

Attached Garage N

Garage Y/N N

Special Listing Conditions Standard

Status Active

Buyer Financing Cash

Directions See Map

City Los Angeles

View Y/N N

Senior Community Y/N N

Open Parking Spaces 8.0

Total Units 4

MLS Area PHHT - Park Hills Heights

Lot Size Square Feet 5792.0

Private Pool N

Waterfront Y/N N

Carport Y/N N

Street Name Florence

Listing Terms Cash

Property Attached Y/N N

Land Lease Y/N N

Home Warranty Y/N N

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N N

Days on Market 1

Standard Status Active

Cap Rate 5.1

Exterior

Water Source Public

Total Parking 8.0

Lot Size Area 5792.0

Number of Buildings 1

Spa N

Building Area Total 2500.0

Lot Size Acres 0.133

Lot Size Units SquareFeet

Crops Included Y/N N

Open Parking Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Interior

Total Stories 1

Basement (Y/N) N

Air Conditioning Y/N N

Heating Y/N N

Fireplace Y/N N

Street Suffix Avenue

Laundry Features None

Electric On Property Y/N N

Total Baths 0

Internal Only

Street Number 1 2214

* Excluded Features

List By

Equity Union

Broker

(310) 595-5875

Phone

Affordability Calculator

$7,335

Per Month

Monthly Principal & Interest: $7,335
Monthly Property Taxes: --
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Los Angeles, CA

Average List Price ^$2,190,522

Percent of Sale Price 109%

About Los Angeles, CA

3,920,026 Population

6% Since 2002

^$55,057 Median Income

36.82 Median Age

27% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

273443 Elementary School

272636 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
3/22/2024	$1,050,000		Listed Price

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2214 W Florence Avenue, Los Angeles, CA, 90043 is a Commercial Property for sale at $1,050,000 with 2,500 sqft and a lot size of 0.133. 2214 W Florence Avenue is a studio with 0.0 baths and was built in 1941. The property's zip code is 90043 which is in Los Angeles, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 4/27/2024. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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2214 W Florence Avenue

Commercial Property for sale in Los Angeles, CA

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