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1156 W Florence Ave
Los Angeles, CA 90044 South Central LA

$6,250,000 USD

Apartments For Sale  •  9,571 SF

Property Details

  • Property Type Apartments
  • Total Building Size 9,571 SF
  • Lot Size 0.14 AC
  • Building Class B
  • Year Built 2026
  • Cap Rate 6.34 %
70 Transit Score
60 Walk Score

Highlights

Immediate cash flow at day one
Master tenant pays for all utilities
5year master lease, commenced Mar 2026, with one 5 year option to extend
Master tenant pays for all repairs, maintenance & unit turnovers
Potential welfare tax exemption, substantially reducing property taxes, if purchased through a qualified non profit
Brand new construction

Property Flyers

Financial Summary (Actual)

Net Operating Income: $394,188 USD (2026)
Cap Rate: 6.34 %
Total Expenses: $79,392 USD

Amenities

  • Air Conditioning
  • Cable Ready
  • Dishwasher
  • Disposal
  • Microwave
  • Washer/Dryer
  • Heating
  • Tile Floors
  • Kitchen
  • Refrigerator
  • Oven
  • Sprinkler System
  • Stainless Steel Appliances
  • Tub/Shower
  • Wi-Fi
  • Double Pane Windows
  • Freezer
  • Intercom
  • Vinyl Flooring
  • Smoke Detector
  • Quartz Countertops

Public Transportation

Commuter RailDriveWalkDistance
14 min - 8.5 mi
Union Station (91 Line - Southern California Regional Rail Authority (Metrolink), Antelope Valley Line - Southern California Regional Rail Authority (Metrolink), Orange County Line - Southern California Regional Rail Authority (Metrolink), Riverside Line - Southern California Regional Rail Authority (Metrolink), San Bernardino Line - Southern California Regional Rail Authority (Metrolink), Ventura County Line - Southern California Regional Rail Authority (Metrolink)) 14 min - 8.9 mi
AirportDriveWalkDistance
Los Angeles International 16 min - 7.7 mi
Long Beach (Daugherty Field) 26 min - 17.7 mi
Bob Hope 34 min - 23.7 mi
Josh Hodeda 310-926-0116 eLAvate Inc.
Josh Hodeda 310-926-0116 eLAvate Inc.