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1412 W Florence Avenue, Los Angeles, CA 90047
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$999,000
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Home Details for 1412 W Florence Avenue
Price
$999,000
Type
other
Bedrooms
10
Total Bathrooms
7
Year Build
1948
Sq. Ft.
3044
Lot Size
0.1355
County
Los Angeles
MLS®️ Listing#
25599017
On exitrealty.com
117 days
Property Description
We are pleased to present 1412 W Florence Ave, a high-yield mixed-use investment in South Los Angeles. The property features five renovated apartment units with modern finishes and one ground-floor commercial space, delivered vacant and move-in ready with potential for an ADU conversion. Offered at a 9.12% CAP rate, 7.03 GRM, and just $166,500 per unit, the property delivers immediate double-digit cash-on-cash returns alongside durable long-term upside. Located on a well-traveled corridor with strong demographics, 1412 W Florence Ave combines stable residential income with visible retail exposure. It also qualifies for 100% bonus depreciation, creating meaningful tax advantages for new ownership.
Listing Courtesy: Marcus & Millichap - 310-909-5450. Presented by: Benjamin Lee
Based on information from California Regional Multiple Listing Service, Inc. as of 2026-01-10 14:40:17 and/or other sources. 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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