2114 W Florence Avenue

Los Angeles , CA 90047

MLS#: SR25170709

$729,000

Status: Active
Listing number: SR25170709
Listing provided by: Mazdak Sarehkhani
Listing agent phone: None
Last update: 2 hours ago
New on site 1 day ago
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Property

Beds

None

Full Baths

None

1/2 Baths

None

Year Built

1955

Sq.Footage

N/A

This QUAD is great for an FHA buyer who can live in the VACANT STUDIO while renting out the other 3 units. It provides a great income for any home buyer or investors who would like to have a positive cash flow from day way. POSSIBLY ZONED FOR A MOTEL- BUYER TO CONFIRM! The units are THREE studios and ONE - 1 bedroom 1 bath with one of the STUDIO's BEING DELIVERED VACANT! 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 and $950 for each studio and one studio is becoming vacant while the 1 bedroom is getting $1850 in rent. In addition, the 3 parking spots are rented out to a separate entity at $400/ month with a 1 year lease agreement (8 months to go). A TOTAL OF $6300 monthly income or $75,600/ annual income with the last studio being rented out at $1750 as well and a TOTAL OF $81,400/ annually including the parking income. This wont last so submit your offer today!

Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Fireplace YN

    NO

Exterior

  • Garage

    No

  • Pool

    Yes

  • Pool Features

    None

Area & Lot

  • Lot Size(acres)

    0.0586

  • Property Type

    Residential Income

  • Property Sub Type

    Quadruplex

Price

  • Sales Price

    $729,000

  • Sq. Footage

    N/A

  • Price/SqFt

    N/A

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Stories

    1

  • Senior Community YN

    NO

  • Sewer

    Public Sewer

  • Tax Lot

    4

  • Water Source

    Public

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Location

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Los Angeles

Elementary School

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Listing Courtesy of Mazdak Sarehkhani , Mazdak Sarehkhani

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(818) 321-0175

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This QUAD is great for an FHA buyer who can live in the VACANT STUDIO while renting out the other 3 units. It provides a great income for any home buyer or investors who would like to have a positive cash flow from day way. POSSIBLY ZONED FOR A MOTEL- BUYER TO CONFIRM! The units are THREE studios and ONE - 1 bedroom 1 bath with one of the STUDIO's BEING DELIVERED VACANT! 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 and $950 for each studio and one studio is becoming vacant while the 1 bedroom is getting $1850 in rent. In addition, the 3 parking spots are rented out to a separate entity at $400/ month with a 1 year lease agreement (8 months to go). A TOTAL OF $6300 monthly income or $75,600/ annual income with the last studio being rented out at $1750 as well and a TOTAL OF $81,400/ annually including the parking income. This wont last so submit your offer today!

2114 W Florence Avenue

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