2024 W Florence Ave Active Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90047
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,091 sqft
Price per Sqft $430
MLS Listing ID 25-489427
Bedrooms 5
Year Built 1950
Lot Size 5,109 Sqft
Acres 0.1173
Property Sub-Type Multi-Family
Property Description
Investor Opportunity: Assumable 2.25% FHA Loan + Seller Financing Purchase Price: $900,000 Assumable Loan: Existing FHA loan at 2.25% interest rate (subject to lender approval) Seller Financing: Seller is willing to carry back up to $120,000, with no payments for the first 12 months Property Highlights: Buyer will receive one 2-bedroom unit delivered vacant at closing $30,000 tenant buyout included in deal to secure vacancy Remaining two units are occupied and generate $2,736 in monthly rent Property is governed by the Los Angeles Rent Stabilization Ordinance (RSO) Located within a high-growth area near 2028 Olympic venuesPlease do not disturb tenants. Interior inspection of units only upon accepted offer.
Location
State CA
County Los Angeles
Area Metropolitan Southwest
Zoning LAC2
Rooms
Other Rooms None
Interior
Interior Features Common Walls
Heating Wall
Cooling Ceiling Fan
Flooring Hardwood
Equipment Alarm System, Ceiling Fan
Laundry None
Exterior
Parking Features Assigned
Pool None
Amenities Available None
Handicap Access None
Building
Lot Description 2-4 Lots
Story 1
Level or Stories One
Schools
School District Los Angeles Unified
Others
Special Listing Condition Standard