NOT LISTED FOR SALE

1946 W Florence Ave Los Angeles, CA 90047

Manchester Square Neighborhood
8 Beds
7 Baths
4,770 Sq Ft
5,101 Sq Ft Lot

Last Sold December 14, 2015

Last sale price $725,000 $152 Per Sq Ft

57 Days on Market

Highlights

  • No HOA
  • Cooling Available
  • Wrought Iron Fence
  • Fireplace
  • Laundry Room
  • Level Lot

About This Home

As of December 2015

New Price reduction! Don't overlook it. Great condition Income property located on the W. Florence Blvd; Close to shopping, churches and freeway access. Well established tenants, etc. No vacancies, easy to rent. Six units are 1 Bedroom & 1 bath, the other unit is 2 Bedroom 1 bath. Individually metered gas and electric utilities. Extra laundry income, gated fence and a bonus room on the back side of the building that can also be rented.

Last Agent to Sell the Property

Jenny Segovia

Luxury Collective License #01331605 Listed on: 07/28/2015

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1955

Lot Details

  • 5,101 Sq Ft Lot
  • Property fronts an alley
  • No Common Walls
  • Wrought Iron Fence
  • Level Lot
  • Density is up to 1 Unit/Acre

Home Design

  • Composition Roof

Interior Spaces

  • 4,770 Sq Ft Home
  • Fireplace
  • Laminate Countertops

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 7 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage
  • Dryer

Parking

  • 7 Parking Spaces
  • Parking Available
  • Covered Parking

Outdoor Features

  • Exterior Lighting

Utilities

  • Cooling Available
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 014
  • Tax Tract Number 2379
  • Assessor Parcel Number 6017002014

Community Details

Overview

  • No Home Owners Association
  • 7 Units

Amenities

  • Laundry Facilities

Building Details

  • 7 Leased Units
  • Rent Control
  • 7 Separate Electric Meters
  • 7 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $300
  • Insurance Expense $3,300
  • Water Sewer Expense $3,968
  • Gross Income $57,684
  • Net Operating Income $50,116

Property Details

Home Type

Multi-Family

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Property Attached: No
  • Road Frontage Type: Alley
  • Road Surface Type: Alley Paved
  • Water Sewer Expenses: 3968.00
  • Property Type: Residential Income
  • Gardener Expense: 300.00
  • Parcel Number: 6017002014
  • Year Built: 1955
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Laminate Counters
  • Common Walls: No Common Walls
  • Levels: Two
  • Price Per Square Foot: 151.99

Exterior Features

  • Fencing: Wrought Iron
  • Pool Private: No
  • Roof: Composition

Garage/Parking

  • Parking: Yes
  • Parking Features: Covered
  • Total Parking Spaces: 7.00

Utilities

  • Utilities: Electricity Available, Sewer Available, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Community, Dryer Included, In Garage
  • Water Source: Public
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Street Lights

Lot Info

  • Lot Features: 0-1 Unit/Acre, Level
  • Lot Size Sq Ft: 5101.00
  • Price Per Lot Square Foot: 146.81
  • Lot Size Acres: 0.1170

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Income: 57684.00
  • Gross Scheduled Income: 57684.00
  • Insurance Expense: 3300.00
  • Laundry Equipment Own Lease: Own
  • Lot Size Area: 5101.0000 Square Feet
  • Net Operating Income: 50116.00
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 7
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 7
  • Number Of Units Total: 7
  • Operating Expense: 7568.00
  • Rent Control: Yes
  • Total Actual Rent: 5607.00

Tax Info

  • Tax Lot: 014
  • Tax Tract Number: 2379

Range of Values:

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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
12/14/2015 12/14/15 Sold $725,000 -8.2% $152 / Sq Ft
09/23/2015 09/23/15 Pending -- -- --
07/28/2015 07/28/15 For Sale $790,000 -- $166 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Jenny Segovia

    Seller's Agent in 2015

    Jenny Segovia

    Luxury Collective

    (424) 395-4841

    246 Total Sales

    Section Image

  • N

    Buyer's Agent in 2015

    NoEmail NoEmail

    NONMEMBER MRML

    (646) 541-2551

    5,778 Total Sales

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR15177895

California Regional Multiple Listing Service (CRMLS)

California Los Angeles County Los Angeles 90047 Manchester Square

1946 W Florence Ave, Los Angeles, CA

This home is located at 1946 W Florence Ave, Los Angeles, CA 90047 since 28 July 2015. This property was built in 1955. 1946 W Florence Ave is a home located in Los Angeles County with nearby schools including Horace Mann Ucla Community, Seventy-Fourth Street Elementary School, and Crenshaw Science, Technology, Engineering, Math And Medicine Magnet.

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.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. 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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