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$850,000   Price Analysis
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1328 W Florence Ave
Los Angeles, CA 90044
7 bed 4 bath 3,434 SqFt ($247/SqFt)
4,796SqFt lot. Built 1938
Listed 2023-08-15, Taxes $4,243
Ⓧ USDA Ineligible
due to price & location

near Los Angeles

FELL OUT OF ESCROW.

* Sale Pending *

This is it! The opportunity that you have been looking for!! A fantastic opportunity to own a 4 plex with long-term on time paying tenants. A storage area used by the property owner that can be converted into a rental, must be approved LAHD. Great opportunity to live in one and continue to rent the four. Cont emporary roof in 2015. Up grade bathroom in the 2 bedroom in 2019.

The 3 bedroom new heater in 2023 and new kitchen cabinets 2015. Office with kitchen, bedroom and bath, some furniture can be included, not permitted to rent out, but good for property owner to live in nd has it's own meter. Great location, easy access to freeways, minutes away from SoFi Stadium and downtown Los Angeles. INVESTORS, add this property with a 12.75 GRM to your portfolio. Seller is offering $2, 000 TOWARD CLOSING COSTS. Don't miss out this great opportunity, this one won t last!


Presented by George Jerry McGhee at
McGhee Realty Group.


Property MLS #23-300837 from TheMLSCLAW

Bedrooms: 7

Total Bathrooms: 4
Full Bathrooms: 4

Cooling Features: Ceiling Fan, Window Unit(s)
Heating Features: Wall

Water Features: Water District

Lot Size Acres: 0.110101
Lot Size Dimensions: 40x120
Lot Size Source: Assessor
Lot Size Square Feet: 4796

Garage Spaces: 3
Garage Description: Driveway, Covered Parking
Parking Total: 3

Association: No
Calculated Total Monthly Association Fees: 0

Number of Buildings: 2
Number of Units: 4
Unit Features: 1 BedsTotal: 1, 1 BathsTotal: 1, 1 SquareFeet: 1700, 2 BedsTotal: 1, 2 BathsTotal: 1, 2 SquareFeet: 1700, 3 BedsTotal: 2, 3 BathsTotal: 1, 3 SquareFeet: 2500, 4 BedsTotal: 3, 4 BathsTotal: 1, 4 SquareFeet: 3200

Tenant Pays: Gas, Cable TV

Source Listing Status: Pending
County: Los Angeles
Cross Street: Florence and Normandie
Directions: On Florence west of 110 freeway.
Source Property Type: Residential Income
Area: Metropolitan Southwest
Source Neighborhood: Metropolitan Southwest
Owner Pays: Water
Parcel Number: 6019-001-008
Postal Code Plus 4: 2557
Zoning: LAC2
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$103,138 + $218,421
$321,559
$4,243
2021$101,116 + $214,139
$315,255
$4,178
2020$100,080 + $211,944
$312,024
$4,214
2019$98,118 + $207,789
$305,907
$4,062
2018$96,195 + $203,715
$299,910
$3,945
2017$94,309 + $199,721
$294,030
$3,866
2016$92,460 + $195,805
$288,265
$3,755
2015$91,072 + $192,864
$283,936
$3,704
2014$89,289 + $189,087
$278,376
$3,724
2013$88,886 + $188,233
$277,119
$3,719
2012$87,144 + $184,543
$271,687
$3,770
2010$85,436 + $180,925
$266,361
$3,725
2009$357,000 + $306,000
$663,000
$8,446
2009$84,798 + $179,573
$264,371
$8,446
2008$350,000 + $300,000
$650,000
$8,088
2007$357,000 + $306,000
$663,000
$8,127

Listing removed 2024-02-02
$0
TheMLSCLAW
Listed 2024-02-01
$850,000
TheMLSCLAW
Listing removed 2023-08-15
$0
TheMLSCLAW
Listed 2023-08-15
$850,000
TheMLSCLAW
Price Changed 2023-07-13
$850,000
TheMLSCLAW
Listed 2023-06-13
$830,000
TheMLSCLAW
Sold 2009-08-20
$265,000
SoCalMLS
Sold 2009-02-25
$265,000
Public Record
Listed 2008-11-23
$289,900
SoCalMLS
Sold 2006-06-05
$650,000
Public Record
Sold 1996-09-27
$115,000
ITECH
Listed 1995-11-14
$145,000
ITECH

Net Operating Income: 56452

Total Square Feet Living: 3434
Year Built: 1938
Direction Faces: North
Living Area Source: Appraiser
Property Age: 86
Levels or Stories: 2
Building Total Stories: 2
Year Built Source: Assessor

Security Features: Gated

Raymond Avenue Elementary School is a public elementary school located approximately 0.2 miles away.
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John Muir Middle School is a public middle school located approximately 0.9 miles away.
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Augustus F. Hawkins High A Critical Design And Gaming is a public high school located approximately 1 miles away.
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Los Angeles Computer Science Academy is a private elementary, middle and high school located approximately 0.2 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.