$1,775,000

Estimated payment $10,692/month

Total Views 2,269
12 Beds
6 Baths
4,910 Sq Ft
$362 Price per Sq Ft

About This Home

1508 W. Florence Avenue is a well-maintained six-unit multifamily investment property constructed in 1990. Importantly, the property is not subject to the City of Los Angeles Rent Stabilization Ordinance (RSO) due to its year of construction; however, it is subject to California's AB 1482 (Tenant Protection Act), providing investors with a more favorable regulatory framework than older, fully rent-controlled assets. The asset features a diverse and desirable unit mix consisting of two (2) one-bedroom/one-bath units, two (2) two-bedroom/one-bath units, and two (2) three-bedroom/one-bath units, totaling approximately 4,940 rentable square feet on a 5,902-square-foot lot. This balanced mix attracts a broad tenant base and helps mitigate vacancy risk. The property offers ample on-site gated parking and a secured gated entry, amenities that are increasingly important to tenants and supportive of strong occupancy. The central Florence Avenue location provides convenient access to major transportation corridors, employment centers, and neighborhood retail, with proximity to Inglewood, Downtown Los Angeles, and LAX.1508 W. Florence Avenue represents a durable, income-oriented investment offering regulatory flexibility, tenant appeal, and long-term appreciation potential in a core Los Angeles rental corridor.

Listing Agent

Sam Grayeli

BRC Advisors- BH License #01299288 Listed on: 01/27/2026

BRC Advisors- BH

Co-Listing Agent

Ian Hollinger

BRC Advisors- BH License #01889125

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1990

Lot Details

  • 2,951 Sq Ft Lot
  • Lot Dimensions are 25x118

Interior Spaces

  • 4,910 Sq Ft Home
  • Multi-Level Property
  • Ceiling Fan

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 6 Bathrooms

Parking

  • 12 Open Parking Spaces
  • 12 Parking Spaces

Utilities

  • Heating System Mounted To A Wall or Window

Community Details

  • 6 Units

Listing and Financial Details

  • Assessor Parcel Number 6018-006-008

Property Details

Home Type

Multi-Family

Year Built

Built in 1990

Lot Details

2,951 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Levels: Multi/Split
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: Yes
  • Living Area: 4910
  • Lot Acreage: 0.0677
  • Lot Dimensions: 25x118
  • Year Built: 1990
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Bedrooms: 12
  • Common Walls: Attached
  • Total Bathrooms: 6.00
  • Equipment: Ceiling Fan
  • Price Per S Q F T: 361.51

Exterior Features

  • Other Structures: None

Garage/Parking

  • Other Spaces: 12
  • Total Parking: 12

Utilities

  • Cooling: Ceiling Fan
  • Heating: Wall
  • Water Heaters: Yes

Lot Info

  • Assessed Improvement Percent: 34.21
  • Assessed Improvement Value: 295833
  • Assessed Land Percent: 65.79
  • Assessed Land Value: 568913
  • Total Assessed Value: 864746
  • Assessor Parcel Number: 6018-006-008
  • Lot Size Area: 2951

Rental Info

  • Land Lease Type: Fee

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110, 2111
  • Gross Rent Multiplier: 10.06
  • Number Of Units: 6
  • Type Of Units: Income

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $11,232 $864,746 $568,913 $295,833
2024 $11,062 $847,791 $557,758 $290,033
2023 $10,864 $831,169 $546,822 $284,347
2022 $10,388 $814,872 $536,100 $278,772
2021 $10,238 $798,895 $525,589 $273,306
2019 $9,959 $775,200 $510,000 $265,200
2018 $8,054 $605,794 $487,815 $117,979
2016 $7,629 $582,272 $468,873 $113,399
2015 $7,526 $573,527 $461,831 $111,696
2014 $7,587 $562,294 $452,785 $109,509
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
01/27/2026 01/27/26 For Sale $1,775,000 -- $362 / Sq Ft
Source: The MLS

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Type Sale Price Title Company
Interfamily Deed Transfer -- None Available
Grant Deed $950,000 Stewart Title Of California
Grant Deed -- None Available
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- --
Quit Claim Deed -- Investors Title Company
Grant Deed -- Investors Title Company
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Loan Amount Loan Type
Open $1,305,000 New Conventional
Closed $1,277,500 Commercial
Closed $1,011,500 Construction
Previous Owner $144,000 Commercial
Previous Owner $855,000 Future Advance Clause Open End Mortgage
Previous Owner $150,000 Commercial
Previous Owner $125,000 Commercial
Source: Public Records

Source: The MLS

MLS Number: 26644131

The MLS
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