6
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Listed by Mazdak Sarehkhani • Mazdak Sarehkhani
$729,990
Est. payment /mo
2,553 Sqft Lot
Active
2114 W Florence AVE Los Angeles, CA 90047
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Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRSR25170709
Year Built 1955
Lot Size 2,553 Sqft
Property Sub-Type Fourplex
Source California Regional MLS
Property Description
$81,400 annual income potential 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!
Location
State CA
County Los Angeles
Area 699 - Not Defined
Interior
Laundry None
Exterior
Garage Spaces 3.0
Pool None
Building
Story One Story
Water District - Public
Others
Tax ID 6017004004
Special Listing Condition Not Applicable
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