139 W Florence Ave Los Angeles, CA 90003
Florence NeighborhoodEstimated payment $5,501/month
About This Home
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 $895,000, 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.
Co-Listing Agent
Vincent Cook
Kidder Mathews of California, Inc License #02012324
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $9,301
Year Built
- Built in 1936
Interior Spaces
- 2,552 Sq Ft Home
- 1-Story Property
Bedrooms and Bathrooms
- 8 Bedrooms
- 4 Bathrooms
Parking
- 4 Parking Spaces
- Carport
Additional Features
- 4,960 Sq Ft Lot
- Heating System Mounted To A Wall or Window
Listing and Financial Details
- Assessor Parcel Number 6012-013-027
Community Details
Overview
- 2 Buildings
- 4 Units
Building Details
- Rent Control
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $9,301 | $744,600 | $510,000 | $234,600 |
| 2024 | $9,301 | $730,000 | $500,000 | $230,000 |
| 2023 | $5,670 | $427,410 | $207,929 | $219,481 |
| 2022 | $5,420 | $419,030 | $203,852 | $215,178 |
| 2021 | $5,263 | $410,814 | $199,855 | $210,959 |
| 2020 | $5,309 | $406,602 | $197,806 | $208,796 |
| 2019 | $5,112 | $398,630 | $193,928 | $204,702 |
| 2018 | $5,009 | $390,815 | $190,126 | $200,689 |
| 2016 | $4,770 | $375,642 | $182,745 | $192,897 |
| 2015 | $4,704 | $370,000 | $180,000 | $190,000 |
| 2014 | $2,881 | $203,040 | $121,826 | $81,214 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/23/2025 04/23/25 | For Sale | $895,000 | +22.6% | $351 / Sq Ft |
| 07/28/2023 07/28/23 | Sold | $730,000 | -2.7% | $286 / Sq Ft |
| 05/27/2023 05/27/23 | For Sale | $750,000 | +102.7% | $294 / Sq Ft |
| 08/04/2014 08/04/14 | Sold | $370,000 | -1.3% | $145 / Sq Ft |
| 05/28/2014 05/28/14 | Pending | -- | -- | -- |
| 03/05/2014 03/05/14 | For Sale | $375,000 | -- | $147 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | -- | -- | |
| Interfamily Deed Transfer | -- | None Available | |
| Grant Deed | $370,000 | Orange Coast Title Company |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $329,500 | New Conventional | |
| Previous Owner | $363,298 | FHA | |
| Previous Owner | $192,000 | Unknown | |
| Previous Owner | $168,000 | Unknown |
Source: The MLS
MLS Number: 25529177
APN: 6012-013-027
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