1508 W Florence Ave Los Angeles, CA 90047
Manchester Square NeighborhoodEstimated payment $10,692/month
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.
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
Map
Home Values in the Area
Average Home Value in this Area
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 |
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 |
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 |
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: The MLS
MLS Number: 26644131
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