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$1,000,000   Price Analysis
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3426 W Florence Ave
Los Angeles, CA 90043
5 bed 3 bath 2,798 SqFt ($357/SqFt)
5,529SqFt lot. Built 1954
Listed 2024-04-10, Taxes $6,142
Ⓧ USDA Ineligible
due to price & location

near Los Angeles

Renovated Investor's Dream!

Looking for your next investment opportunity? Welcome to 3426 W Florence Ave, Los Angeles, where an exceptional 3-unit multi-family property awaits its new buyer. With four parking spaces, including a sizeable three-car garage and alley access, parking will never be a hassle fr residents or guests. Situated on a generous lot, this property offers vast potential, including the possibility of adding an ADU. Ideal for owner-occupied living with additional rental units. Recently renovated units boast modern laminate and hardwood flooring, offering a fresh and inviting atmosphere for tenants.

Experience low-maintenance beauty with upgraded landscaping featuring drought-tolerant plants and succulents, elevating the property's appeal with a touch of modernity. Additional features include rain gutters for enhanced property maintenance. Enjoy the convenience of a common laundry room equipped with recently replaced washing machines and dryer. This property is conveniently located near a variety of attractions, including shopping cente rs, restaurants, parks and schools. Enjoy easy access to everything you need for a comfortable lifestyle. Don't miss out on this incredible opportunity to make your mark in the real estate market. ONE unit may be delivered VACANT


Presented by Vartan Achabahian at
Prospect Group Inc.


Property MLS #GD24051325 from CRMLS

Bedrooms: 5

Ceiling Fan(s)

Laundry Features: Common Area

Full Bathrooms: 3

Heating Features: Wall Furnace
Heating: Yes

Lot Description: 2-5 Units/Acre
Lot Size Acres: 0.1269284
Lot Size Source: Assessor
Lot Size Square Feet: 5529

Garage Spaces: 3
Parking Total: 3

Number of Units: 3
Bedrooms in Unit-1: 1
Bedrooms in Unit-2: 2
Bedrooms in Unit-3: 2
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-2: 1
Total Bathrooms in Unit-3: 1

Number of Units Leased: 3
Tenant Pays: Electricity, Gas
Rent Control: Yes

Community Features: Park, Street Lights

Source Listing Status: Active
County: Los Angeles
Source Property Type: Residential Income
Insurance Expense: 1416.00
Area: C34 - Los Angeles Southwest
Source Neighborhood: C34 - Los Angeles Southwest
Number of Separate Electric Meters: 3
Number of Separate Gas Meters: 3
Number of Separate Water Meters: 1
Parcel Number: 4012017018
Postal Code Plus 4: 4602
Zoning: LAR3
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$144,747 + $337,743
$482,490
$6,142
2021$141,909 + $331,121
$473,030
$6,054
2020$140,454 + $327,726
$468,180
$6,110
2019$137,700 + $321,300
$459,000
$5,882
2018$135,000 + $315,000
$450,000
$5,786
2017$180,000 + $420,000
$600,000
$7,562
2016$144,000 + $336,000
$480,000
$6,083
2015$123,000 + $287,000
$410,000
$5,249
2014$123,000 + $287,000
$410,000
$5,383
2013$117,000 + $273,000
$390,000
$5,155
2012$105,000 + $245,000
$350,000
$4,813
2010$105,000 + $245,000
$350,000
$8,313
2009$187,272 + $436,968
$624,240
$8,010
2009$186,828 + $435,932
$622,760
$8,010
2008$183,600 + $428,400
$612,000
$7,673
2007$171,666 + $260,100
$431,766
$5,445

Listed 2024-04-10
$1,000,000
CRMLS
Sold 2017-07-28
$450,000
CRMLS
Listed 2017-05-05
$500,000
CRMLS
Sold 2007-01-04
$600,000
ITECH
Listed 2006-07-25
$585,000
ITECH
Sold 2004-07-20
$415,000
ITECH
Listed 2004-05-20
$415,000
ITECH
Sold 2002-05-01
$285,000
ITECH
Listed 2002-04-28
$269,995
ITECH
Listing removed 2001-09-15
$259,995
ITECH
Listed 2001-03-14
$259,995
ITECH
Sold 1965-08-11
$36,000
Public Record

Net Operating Income: 64777.00

Total Square Feet Living: 2798
Year Built: 1954
Building Features: 1
Common Walls: 2+ Common Walls
Entry Level: 1
Entry Location: 1
Property Age: 70
Property Attached: Yes
Building Total Stories: 2
Structure Type: Triplex
Year Built Source: Public Records

Sewer: Sewer: Public Sewer, Water Sewer Expense: 4043.00
Water Source: Public

Seventy-Fourth Street Elementary School is a public elementary school located approximately 0.9 miles away.
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Horace Mann Ucla Community is a public middle and high school located approximately 1.2 miles away.
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Nikka Tiffany School is a private elementary school located approximately 0.1 miles away.
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.