$1,100,000
Estimated Payment$5,195/mo
Multi-Family For Sale
Under Contract

3520 W Florence Ave, Los Angeles, CA 90043

4Beds
3Baths
1,967Sq. Ft.
Multi-Family Home In Hyde Park

Proudly presenting this fixer triplex + redevelopment opportunity at 3520 W. Florence Avenue, La 90043. The property features a large 11,051sf lot zoned R3 in a Toc Tier 3 area, which allows for additional units & increased density for a Toc redevelopment project. This lot would allow for 13 new units by-right, and approx. 26 new units for a Toc site. No Cdo/Cpio requirements and also located in a Hubzone & La State Enterprise Zone. There is currently a vacant 1,967sf triplex building on-site that sustained fire damage and is a heavy fixer/teardown. Located in a great rental pocket just west of Crenshaw Blvd and only 1.8 miles from Sofi Stadium/Hollywood Park/The Forum. Also only approx. 0.2 miles from the new Fairview Heights metro station that is anticipated to open by early 2022. This property presents a great opportunity to build new townhomes or apartment units in a rapidly appreciating La submarket with fantastic proximity to Inglewood; Lax & the Beach Cities. Contact us today for more details!

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3520 W Florence Ave
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Location
3520 W Florence Ave Los Angeles, CA 90043
Home Details

Listing Details

General

  • Total Number of Units: 3

    Interior Details

    Utilities

    • Heating Details: Wall

      General

      • Water Source(s): Public
      • Interior Features: Yes

      Financial Details

      Tax Details

      • Zoning: LAR3

        Expenses

        • Tenant Pays: Water

          Property Details

          General

          • Stories: 1
          • Spa: Yes
          • Pool: Yes
          • Water Source(s): Public
          • Lot Features: Alley Paved

          Parking

          • Parking Features: Gated
          • Other Parking: Gated

          Construction Details

          • Roof: Composition, Shingle

            Location Details

            Region

            • City/Region: Park Hills Heights

              MLS Details

              General

              • Days on Homes.com: 42
              • MLS Number: 21-797204
              • Listed: 10/20/2021
              • Last Updated: 11/27/2021
              • Listing Source: Combined La Westside - Claw
              Monthly Payment Calculator

              $5,195

              Estimated Mortgage
              Principal & Interest
              $3,710
              Insurance
              $385
              Taxes
              $1,100
              Mortgage Insurance
              $0
              i
              Include PMI: Private Mortgage Insurance (PMI) is required by lenders if the down payment is less than 20% of the home price. It is recommended to include this field if your down payment is less than 20% of the home price.
              i
              If you or your spouse are active or retired military you may be eligible for special VA loan programs for veterans. The VA loan programs include benefits like no down payment and no private mortgage insurance (PMI).
              Nearby Schools
              • 74th Street Elementary School
                Class size: 23Distance: 1.02 mi
                C+
              • Warren Lane Tk-6 Elementary School
                Class size: 21Distance: 0.77 mi
                D
              • Crenshaw Magnets- Science Tech Engineer Math And Medicine
                Class size: 18Distance: 1.63 mi
                D
              Points of Interest

              Airports

              Distance
              • Los Angeles International
                5.7 mi
              • Bob Hope
                19.1 mi
              • Long Beach-Daugherty Field
                20.0 mi

              Colleges

              Distance
              • Los Angeles Southwest College
                4.9 mi
              • West Los Angeles College
                5.9 mi
              • University of Southern California
                6.2 mi

              Military Bases

              Distance
              • Los Angeles Air Force Base
                6.1 mi

              Shopping Centers

              Distance
              • Strip Center at 3330 W Florence Ave
                0.2 mi
              • Florence Center
                1.2 mi
              • Strip Center at 3600 W Slauson
                1.2 mi
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              Listing Agent
              Matthew Dunfrund
              Real Estate AgentLicense # 01785161
              Los Angeles, CA
              Continue Your Search

              $1,100,000

              4 Beds3 Baths1,967 Sq. Ft.

              3520 W Florence Ave

              Los Angeles, CA 90043

              Matthew Dunfrund
              Real Estate Agent