3
See all 3 photos
$850,000
Est. payment /mo
5 Beds
2 Baths
1,066 SqFt
New
2422 W Florence AVE Los Angeles, CA 90043
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Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 1,066 sqft
Price per Sqft $797
MLS Listing ID 26834715
Bedrooms 5
HOA Y/N No
Year Built 1955
Lot Size 5,745 Sqft
Property Description
Duplex DELIVERED VACANT AT CLOSE OF ESCROW! ARV appraisal included at $2,200,000 - Located in a prime location near vibrant Inglewood and just moments from SoFi Stadium and Intuit Stadium, this commercially zoned property is a standout investment opportunity. What sets this property apart is its potential for expansion and transformation. It comes with approved plans and RTI (Ready-To-Issue) permits, saving valuable time and expense, for a modern, three-story apartment building that can accommodate either three or four units. Contact Ben for full plans (too big to attach) To maximize the rental income opportunity the design is of 5,500 square feet of living space, across up to 4 units and up to 13 bedrooms. This flexibility allows investors and developers to capitalize on its commercial zoning, enhancing its value proposition. Moreover, the location is prime for capitalizing on the dynamic growth of Inglewood. With nearby entertainment venues, shopping options, and easy access to major freeways, residents will enjoy convenience and accessibility. One of the most compelling features of this offering is that it will be delivered vacant at the close of escrow. This means new owners can move swiftly with their development plans without the constraints of existing leases, maximizing their flexibility and timeline. Currently, the Duplex generates substantial monthly rental income of $6,000 from its existing two residential units or 5 bedrooms. This income stream provides immediate cash flow while laying the groundwork for future development. Beyond its financial prospects, the property offers significant room for growth. There's ample space on the lot to add a third unit or an ADU (Accessory Dwelling Unit), offering additional rental income potential. Ample parking enhances the property's practicality and appeal. This property represents a rare blend of current income and expansive future potential. Whether you're looking to invest in income-generating rental units, develop a modern apartment building, or explore the possibilities of commercial zoning, this opportunity should not be missed.
Location
State CA
County Los Angeles
Area Phht - Park Hills Heights
Zoning LAC2
Interior
Heating Central
Cooling None
Fireplace No
Exterior
Parking Features Driveway
Total Parking Spaces 10
Building
Story 1
Entry Level One
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 4009002007
Special Listing Condition Standard
Listed by Benjamin Russell Douglas Elliman of California, Inc. #02100634
NEARBY SCHOOL & BUSINESS
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