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247 W Florence, Los Angeles, CA 90003

Los Angeles
Local realty services provided by:CENTURY 21 Epic
247 W Florence,Los Angeles, CA 90003
$1,025,000
  • - Beds
  • - Baths
  • 6,410 sq. ft.
  • Multi-family
  • Active
Listed by: aaron jacobson, william james
Office: lyon stahl investment real estate, inc.310-425-9838
MLS#:SB26085337
Source:CRMLS

Price summary

  • Price:$1,025,000
  • Price per sq. ft.:$159.91

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 $128,125 per unit and $159 per square foot, the property provides an attractive basis for investors. The property is currently operating at a 6.21% cap rate and 8.56 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.

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Home facts

  • Year built:1919
  • Listing ID #:SB26085337
  • Added:193 day(s) ago
  • Updated:October 31, 2026 at 03:11 PM

Rooms and interior

  • Living area:6,410 sq. ft.

Structure and exterior

  • Year built:1919
  • Building area:6,410 sq. ft.
  • Lot area:0.14 Acres

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$1,025,000
  • Price per sq. ft.:$159.91

Parking

  • Total parking spaces:4
  • Garage:Yes
  • Garage spaces:4
The information being provided by California Regional MLS (Southern California) is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the California Regional MLS (Southern California). CENTURY 21 Epic is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of CENTURY 21 Epic, a broker participant of California Regional MLS (Southern California). This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, including but not limited to open house information, square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by California Regional MLS (Southern California) and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2021 California Regional MLS (Southern California). All rights reserved. CRMLS Member Broker: Mike Southwick

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