NOT LISTED FOR SALE

3520 W Florence Ave Los Angeles, CA 90043

Hyde Park Neighborhood

Estimated Value: $1,054,000 - $1,400,000

4 Beds
3 Baths
1,967 Sq Ft
$593/Sq Ft Est. Value

Last Sold December 06, 2021

Last sale price $1,026,000 $522 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $7,474/month

26 Days on Market

About This Home

As of December 2021

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!

Last Agent to Sell the Property

Matt Dunfrund

Scott Properties Group License #01785161 Listed on: 10/20/2021

Last Buyer's Agent

Matt Dunfrund

Scott Properties Group License #01785161 Listed on: 10/20/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,407

Year Built

  • Built in 1948

Lot Details

  • 0.25 Acre Lot
  • Lot Dimensions are 50 x 222
  • Value in Land
  • Tear Down

Home Design

  • Major Repairs Completed
  • Fixer Upper
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 1,967 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Parking

  • 3 Open Parking Spaces
  • 3 Parking Spaces
  • Gated Parking

Utilities

  • Heating System Mounted To A Wall or Window
  • Sewer in Street

Community Details

  • 3 Units
  • Rent Control

Listing and Financial Details

  • The owner pays for water
  • Assessor Parcel Number 4012-029-029

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,407

Year Built

Built in 1948

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Living Area: 1967
  • Lot Acreage: 0.2537
  • Lot Dimensions: 50 x 222
  • Probate: No
  • Property Condition: Fixer, Repairs Major, Tear Down, Value Mainly In Land
  • Stories: 1
  • Year Built: 1948
  • Number Of Photos: 18
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 4
  • Common Walls: Attached
  • Total Bathrooms: 3.00
  • Price Per S Q F T: 559.23

Exterior Features

  • Other Structures: None
  • Pool: No
  • Roof: Composition, Shingle
  • Spa Yn: No

Garage/Parking

  • Other Spaces: 3
  • Parking Garage: Gated
  • Total Parking: 3

Utilities

  • Heating: Wall
  • Sewer: In Street
  • Water: Public
  • Water Heaters: Yes

Schools

  • School District: Los Angeles Unified

Lot Info

  • Assessed Improvement Percent: 41.93
  • Assessed Improvement Value: 29113
  • Assessed Land Percent: 58.07
  • Assessed Land Value: 40321
  • Total Assessed Value: 69434
  • Assessor Parcel Number: 4012-029-029
  • Lot Description: Alley Paved
  • Lot Size Area: 11051

Rental Info

  • Owner Pays: Water
  • Rent Control: Yes

Multi Family

  • Unit Type: 2106, 2107
  • Number Of Units: 3
  • Rent Control: 100
  • Total Annual Expense: 0
  • Type Of Units: Rental
  • Vacancy Rate: 100

MLS Schools

  • School District: Los Angeles Unified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 20, 2021
Closed on
Nov 30, 2021
Sold by
Wafer Ingrid Antoinette and The Peterson Family Trust
Bought by
Florence Equity Partners Llc
Seller's Agent
Matt Dunfrund
Scott Properties Group
Buyer's Agent
Matt Dunfrund
Scott Properties Group
List Price
$1,100,000
Sold Price
$1,026,000
Premium/Discount to List
-$74,000
-6.73%
Current Estimated Value
$1,166,845

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$140,845
Avg. Annual Appreciation
3.51%

Purchase Details

Closed on
Dec 20, 2018
Sold by
Peterson Geneva
Bought by
Peterson Geneva and Wafer Ingrid Antoinette
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Florence Equity Partners Llc $1,026,000 First American Title Company
Peterson Geneva -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Peterson Geneva $50,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/06/2021 12/06/21 Sold $1,026,000 -6.7% $522 / Sq Ft
11/15/2021 11/15/21 Pending -- -- --
10/20/2021 10/20/21 For Sale $1,100,000 -- $559 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

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 $13,407 $1,088,799 $1,061,208 $27,591
2024 $13,407 $1,067,450 $1,040,400 $27,050
2023 $13,156 $1,046,520 $1,020,000 $26,520
2022 $12,561 $1,026,000 $1,000,000 $26,000
2021 $1,410 $70,152 $40,738 $29,414
2020 $1,416 $69,434 $40,321 $29,113
2019 $1,382 $68,074 $39,531 $28,543
2018 $1,238 $66,740 $38,756 $27,984
2016 $1,175 $64,151 $37,252 $26,899
2015 $1,163 $63,188 $36,693 $26,495
2014 $1,193 $61,951 $35,975 $25,976
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2021

    Matt Dunfrund

    Scott Properties Group

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Map

Source: The MLS

MLS Number: 21-797204

The MLS

APN: 4012-029-029

California Los Angeles County Los Angeles 90043 Hyde Park

3520 W Florence Ave, Los Angeles, CA

This home is located at 3520 W Florence Ave, Los Angeles, CA 90043 since 20 October 2021 and is currently estimated at $1,166,845, approximately $593 per square foot. This property was built in 1948. 3520 W Florence Ave is a home located in Los Angeles County with nearby schools including Seventy-Fourth Street Elementary School, Horace Mann Ucla Community, and Crenshaw Science, Technology, Engineering, Math And Medicine Magnet.

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The MLS © 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). 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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