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1508 W Florence Ave
Los Angeles, CA 90047 South Central LA

$1,775,000 USD

Apartments For Sale  •  4,712 SF

Property Details

  • Property Type Apartments
  • Total Building Size 4,712 SF
  • Lot Size 0.14 AC
  • Building Class C
  • Year Built 1990
  • Cap Rate 7.16 %
  • Zoning C2-1, Los Angeles
55 Transit Score
74 Walk Score

Highlights

Well-balanced unit mix of two 1-bedroom/1-bath units, two 2-bedroom/1-bath units, and two 3-bedroom/1-bath units, appealing to a broad renter base.
Five out of the six units have been renovated, providing a turnkey investment profile and minimizing near-term capital expenditure requirements.
Recent upgrades include newer exterior paint, updated lighting, and new building and unit identification, and security cameras enhancing curb appeal.
Ample gated & secure on-site parking surface parking spaces, a valuable amenity in a dense Los Angeles submarket that supports tenant retention.
Each unit is separately metered for gas and electricity, allowing for efficient utility management and improved operating expense control.
The property benefits from proximity to major employment centers and transportation corridors.

Property Flyers

Financial Summary (Proforma)

Net Operating Income: $127,101 USD (2026)
Cap Rate: 7.16 %
Total Expenses: $43,975 USD

Amenities

  • 24 Hour Access
  • Air Conditioning
  • Controlled Access
  • Fenced Lot
  • Security System
  • Kitchen
  • Refrigerator
  • Oven
  • Range
  • Tub/Shower
  • Walk-Up
  • Smoke Detector

Public Transportation

Commuter RailDriveWalkDistance
14 min - 8.9 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)) 17 min - 9.1 mi
AirportDriveWalkDistance
Los Angeles International 16 min - 7.4 mi
Long Beach (Daugherty Field) 27 min - 18.1 mi
Bob Hope 35 min - 24.1 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 12
Type: SurfaceTandem
Included in Rent: Yes
Sam Grayeli 310-525-3711 BRC Advisors - BH, Inc.
Sam Grayeli 310-525-3711 BRC Advisors - BH, Inc.