$698,000
2422 W Florence Avenue Los Angeles, CA 90043
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$698,000
Est. payment /mo
5 Beds
1,066 SqFt
UPDATED:
11/22/2024 06:07 PM
Key Details
Property Type Other Types
Sub Type OTHER
Listing Status Active
Purchase Type For Sale
Square Footage 1,066 sqft
Price per Sqft $654
MLS Listing ID CL24430687
Bedrooms 5
HOA Y/N No
Year Built 1955
Lot Size 5,744 Sqft
Acres 0.13
Property Description
DELIVERED VACANT AT CLOSE OF ESCROW! Located in a prime location near vibrant Inglewood and just moments from SoFi Stadium and Intuit Stadium, this commercially zoned duplex is a standout investment opportunity. Currently, the property generates substantial monthly rental income of $6,000 from its existing residential units. This income stream provides immediate cash flow while laying the groundwork for future development. Beyond its financial prospects, the property offers significant room for growth. There's ample space on the lot to add a third unit or an ADU (Accessory Dwelling Unit), offering additional rental income potential. Ample parking enhances the property's practicality and appeal. What sets this property apart is its potential for expansion and transformation. It comes with approved plans and RTI (Ready-To-Issue) permits for a modern, three-story apartment building that can accommodate either three or four units. This flexibility allows investors and developers to capitalize on its commercial zoning, enhancing its value proposition. Moreover, the location is prime for capitalizing on the dynamic growth of Inglewood. With nearby entertainment venues, shopping options, and easy access to major freeways, residents will enjoy convenience and accessibility. One of the mo
Location
State CA
County Los Angeles
Area Listing
Zoning LAC2
Interior
Heating Central
Cooling No Air Conditioning
Fireplace No
Laundry Dryer, Washer
Exterior
View Y/N false
View None
Total Parking Spaces 10
Building
New Construction No
Others
Tax ID 4009002007
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Listed by Stephanie Younger • Compass
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Parisa Samimi
Founder & Real Estate Broker | License ID: 01858122
Founder & Real Estate Broker License ID: 01858122