Home | Los Angeles County | Los Angeles | 90003 | 247 W Florence
MLS: CRSB26085337 | Status: | Price: $1,050,000
Beds/Baths: – / –
Property Type: Residential Income
| Beds | Baths | Sq Ft | Sq Ft Lot | Yr Built |
|---|---|---|---|---|
| – | – | – | 5,969 | 1919 |
247 W Florence Avenue presents an opportunity to acquire a mixed-use investment property in South Los Angeles. The asset consists of eight total units, including (5) one-bedroom/one-bath residential units and (3) ground-floor commercial spaces, offering a diverse income stream. Priced at $131,250 per unit and $163 per square foot, the property provides an attractive basis for investors. The property is currently operating at a 6.04% cap rate and 8.77 GRM, with approximately 40% rental upside, presenting a strong opportunity to increase cash flow through rent adjustments and operational improvements. The property is located along the active Florence Avenue corridor in South Los Angeles, offering convenient access to Downtown Los Angeles, University of Southern California, and major transportation routes including Interstate 110 and Interstate 105, connecting tenants to employment centers and amenities throughout the city.
| Field | Value |
|---|---|
| MLS # | CRSB26085337 |
| MLS Source | California Regional MLS |
| Days on Site | 2 |
| Feature | Details |
|---|---|
| Laundry | None |
| Feature | Details |
|---|---|
| Garage/Parking | Garage: 4 Car(s) |
| Listing Agent | Co-Listing Agent |
|---|---|
| Aaron Jacobson | William James |
| Lyon Stahl Investment Real Estate, Inc. | |
| License #: 02100737 | License #: 01734419 |
| Phone: (310) 729-1559 | Phone: (310) 600-9858 |
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 1 | – | – |
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This listing information is up-to-date as of April 21, 2026. For the most current information, please contact Aaron Jacobson, (310) 729-1559.