1122 W Florence Ave Los Angeles, CA 90044
Vermont Knolls Neighborhood
16
Beds
12
Baths
5,320
Sq Ft
0.28
Acres
Highlights
- 0.28 Acre Lot
- Laundry Room
- Ceramic Tile Flooring
About This Home
As of February 2024Welcome 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.
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
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
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Home Values in the Area
Average Home Value in this Area
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
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
-
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
-
O
Buyer's Agent in 2016
OUT OF AREA
Map
Source: The MLS
MLS Number: 23-300694
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© 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.
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