NOT LISTED FOR SALE

1122 W Florence Ave Los Angeles, CA 90044

Vermont Knolls Neighborhood
16 Beds
12 Baths
5,320 Sq Ft
0.28 Acres

Last Sold February 22, 2024

Last sale price $1,400,000 $263 Per Sq Ft

90 Days on Market

Highlights

  • 0.28 Acre Lot
  • Laundry Room
  • Ceramic Tile Flooring

About This Home

As of February 2024

Welcome to a prime investment opportunity in the heart of the city! We are pleased to present 8 units located at 1116-1124 West Florence Avenue. This property boasts a large lot (over a quarter of an acre), zoning advantages (TOC Tier 2), and multiple avenues for growth. The property features a well-balanced unit mix with stable tenants. The surrounding area is undergoing redevelopment, and the location is accentuated by its close proximity to major entertainment venues such as The Forum (3.8 miles away), SoFi Stadium (4 miles away), BMO Stadium(3 miles away) and Downtown LA (5 miles away). With a vast lot spanning 12,093 square feet, the property offers ample space for parking and additional development. The inclusion of a separate laundry room provides an additional avenue for generating monthly income. With easy access to transit, stores, shops, and the freeway it offers the convenience and connectivity that tenants seek. With its proximity to entertainment venues, development potential, and upside in rent and appreciation, this property is a premium investment opportunity for savvy investors. Drive by only, please do NOT disturb tenants, offers should be made subject to interior inspection and property is subject to city of LA rent control. + Broker and agents do not represent or guarantee the accuracy of the square footage, income, expenses, condition,development potential, bedroom/ bathroom count, lot size or lot lines, dimensions, permitted or non-permitted spaces, or school eligibility. There are no warranties or guarantees, buyer to rely solely on his/her own findings. ++Drive by only, please do NOT disturb tenants, offers should be made subject to interior inspection. See private remarks.

Last Agent to Sell the Property

Pila Jessie

KHORR Realty License #01324968 Listed on: 08/24/2023

Co-Listed By

Yvonne Regis

Khorr Realty License #01817942

Last Buyer's Agent

Subscriber Non

Non-Participant Office License #13252

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1957

Lot Details

  • 0.28

Parking

  • 14 Parking Spaces

Interior Spaces

  • 5,320 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Flooring

  • Carpet
  • Laminate
  • Ceramic Tile

Bedrooms and Bathrooms

  • 16 Bedrooms
  • 12 Bathrooms

Additional Features

  • 0.28 Acre Lot
  • Heating System Mounted To A Wall or Window

Community Details

  • 3 Buildings
  • 8 Units

Listing and Financial Details

  • Assessor Parcel Number 6019-011-027

Property Details

Home Type

Multi-Family

Year Built

Built in 1957

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Two
  • Street Number Display: Yes
  • Living Area: 5320
  • Lot Acreage: 0.2776
  • Probate: No
  • Stories: 2
  • Year Built: 1957
  • Number Of Photos: 18
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Number Disposal: 8
  • Flooring: Ceramic Tile, Wood Laminate, Carpet
  • Bedrooms: 16
  • Laundry: Room
  • Total Bathrooms: 12.00
  • Price Per S Q F T: 272.37

Exterior Features

  • Other Structures: None

Garage/Parking

  • Parking Garage: Parking Space
  • Total Parking: 14

Utilities

  • Heating: Wall
  • Number Electric Meters: 8
  • Number Gas Meters: 8
  • Number Water Meters: 1
  • Water Heaters: Yes

Lot Info

  • Assessor Parcel Number: 6019-011-027
  • Lot Size Area: 12093

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110, 2111, 2112, 2113
  • Gross Rent Multiplier: 11.22
  • Number Of Units: 8
  • Total Annual Expense: 40668
  • Type Of Units: 8
  • Vacancy Rate: 0

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/22/2024 02/22/24 Sold $1,400,000 -3.4% $263 / Sq Ft
11/22/2023 11/22/23 Pending -- -- --
10/31/2023 10/31/23 Price Changed $1,449,000 -3.4% $272 / Sq Ft
08/24/2023 08/24/23 For Sale $1,499,999 +30.4% $282 / Sq Ft
03/23/2016 03/23/16 Sold $1,150,000 -6.1% $166 / Sq Ft
01/25/2016 01/25/16 Pending -- -- --
10/20/2015 10/20/15 For Sale $1,225,000 -- $177 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Pila Jessie

    Seller's Agent in 2024

    Pila Jessie

    KHORR Realty

    (310) 428-7750

    1 in this area

    139 Total Sales

    Pila Jessie
    Section Image

  • Y

    Seller Co-Listing Agent in 2024

    Yvonne Regis

    Khorr Realty

  • S

    Buyer's Agent in 2024

    Subscriber Non

    Non-Participant Office

  • N

    Seller's Agent in 2016

    Noah Tillipman

    Marcus & Millichap

  • Eric White

    Seller Co-Listing Agent in 2016

    Eric White

    Vault Brokerage

    (323) 446-3830

    Eric White
    Section Image

  • O

    Buyer's Agent in 2016

    OUT OF AREA

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Map

Source: The MLS

MLS Number: 23-300694

The MLS

California Los Angeles County Los Angeles 90044 Vermont Knolls

1122 W Florence Ave, Los Angeles, CA

This home is located at 1122 W Florence Ave, Los Angeles, CA 90044 since 24 August 2023. This property was built in 1957. 1122 W Florence Ave is a home located in Los Angeles County with nearby schools including John Muir Middle School, Augustus F. Hawkins High A Critical Design And Gaming, and George Washington Preparatory High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

The MLS © 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

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