247 W Florence Ave Los Angeles, CA 90003
Florence NeighborhoodEstimated payment $7,039/month
About This Home
247 W Florence Avenue presents an opportunity to acquire a mixed-use investment property in South Los Angeles. The asset consists of eight total units, including (5) one-bedroom/one-bath residential units and (3) ground-floor commercial spaces, offering a diverse income stream.
Priced at $131,250 per unit and $163 per square foot, the property provides an attractive basis for investors. The property is currently operating at a 6.04% cap rate and 8.77 GRM, with approximately 40% rental upside, presenting a strong opportunity to increase cash flow through rent adjustments and operational improvements. The property is located along the active Florence Avenue corridor in South Los Angeles, offering convenient access
to Downtown Los Angeles, University of Southern California, and major transportation routes including Interstate 110 and Interstate 105, connecting tenants to employment centers and amenities throughout the city.
Listing Agent
Lyon Stahl Investment Real Estate, Inc. Brokerage Phone: 310-729-1559 License #02100737 Listed on: 04/21/2026
Co-Listing Agent
Lyon Stahl Investment Real Estate, Inc. Brokerage Phone: 310-729-1559 License #01734419
Property Details
Home Type
- Apartment
Year Built
- Built in 1919
Lot Details
- 5,969 Sq Ft Lot
- No Common Walls
- Density is up to 1 Unit/Acre
Parking
- 4 Car Garage
Home Design
- Entry on the 1st floor
Interior Spaces
- 6,410 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 5 Bedrooms
- 5 Bathrooms
Location
- Urban Location
- Suburban Location
Listing and Financial Details
- Tax Lot 140
- Tax Tract Number 4791
- Assessor Parcel Number 6012013049
- $972 per year additional tax assessments
Community Details
Overview
- 8 Units
Building Details
- Rent Control
- 8 Separate Electric Meters
- 8 Separate Gas Meters
- 1 Separate Water Meter
- Operating Expense $50,430
- Gross Income $119,794
- Net Operating Income $63,375
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 | $17,270 | $1,394,394 | $580,066 | $814,328 |
| 2024 | $17,270 | $1,367,054 | $568,693 | $798,361 |
| 2023 | $16,945 | $1,340,250 | $557,543 | $782,707 |
| 2022 | $16,173 | $1,313,971 | $546,611 | $767,360 |
| 2021 | $15,949 | $1,288,208 | $535,894 | $752,314 |
| 2019 | $15,480 | $1,250,000 | $520,000 | $730,000 |
| 2018 | $6,795 | $511,608 | $93,238 | $418,370 |
| 2016 | $6,437 | $491,743 | $89,618 | $402,125 |
| 2015 | $6,350 | $484,357 | $88,272 | $396,085 |
| 2014 | $6,387 | $474,870 | $86,543 | $388,327 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/21/2026 04/21/26 | For Sale | $1,050,000 | -- | $164 / 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 |
|---|---|---|---|
| Grant Deed | $1,250,000 | Fidelity National Title Comp | |
| Interfamily Deed Transfer | -- | -- |
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 | $937,500 | Commercial |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB26085337
APN: 6012-013-049
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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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