CA > Los Angeles
Los Angeles, CA 90047,2114 W Florence Avenue
Los Angeles, CA 90047,2114 W Florence Avenue
Los Angeles, CA 90047,2114 W Florence Avenue
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$699,990
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1 Bed
2,553 Sqft Lot
Price Dropped by $30K

2114 W Florence Avenue Los Angeles, CA 90047

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Kurt Wannebo

Kurt Wannebo

+1(858) 405-5878

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID SR25170709

Bedrooms 1

Lot Size 2,553 Sqft

Property Sub-Type Res Income 2-4 Units

Property Description

$81,400 annual income potential with ACTUAL INCOME OF $78,600 with GOVERNMENT VOUCHER TENANTS in place (all expect one tenant). This QUAD is great addition for any buyer/ investors who would like to have a positive cash flow from day way. ZONED FOR A MOTEL- BUYER TO VERIFY! The units are THREE studios and ONE - 1 bedroom 1 with all of them being updated/ remodeled except one with which has the longest staying tenant. All month to month tenants except one and 3 of them are due for a rent increase. Tenants are mix of section 8 and other government subsidies and one traditional tenant with all rents always being paid on time and super easy going tenants. The rents are $1750, $1600, and $950 for each studio and $1850 for the 1 bedroom (all section 8 or other government granted vouchers except the$950 paying tenant who's a traditional tenant. In addition, the 3 parking spots in the back are rented out to a separate entity at $400/ month with a 1 year lease agreement (8 months to go). A TOTAL OF $6500 monthly income or $78,30000/ annual income (including the parking's income). You wont find a more secured and better investment than this!

Location

State CA

County Los Angeles

Zoning Assessor

Direction East of S Van Ness Ave and South side on W Florence Ave

Interior

Fireplace No

Exterior

View Y/N No

Building

Story 1

Level or Stories 1

Others

Tax ID 6017004004

MLS Router / San Diego MLS
Listed by Mazdak Sarehkhani Mazdak Sarehkhani

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Kurt Wannebo

Kurt Wannebo

Broker Associate | CA Dre# 01468255

+1(858) 405-5878

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2114 W Florence Avenue

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