JUST LISTED – Retail/Residential Investment Property in Los Angeles
West Florence Mixed Use Building in LA for Sale
High Cap Rate (8.7%) Investment Property – PRICED TO SELL!
Mixed Use Property with commercial unit, 1 bedroom apartment, and storage unit. Currently owner occupied but is willing to lease commercial unit from new owner.
ON FLORENCE AVE, NORTHSIDE OF STREET, BETWEEN 7TH AND 8TH AVE, 4 BLOCKS EAST OF CRENSHAW BLVD, 7 BLOCKS WEST OF VAN NESS. PROPERTY IS COMPETITIVELY PRICED IN A GROWING PARK HILLS HEIGHTS.
Status: For Sale
Type: Mixed Use
Year Built: 1948
Sq. Ft.: 1,720
Sq. Ft. of Land: 2,900
# of Units: 2
Capitalization Rate: 8.70%
Gross Rent Multiplier: 9.10
Price / Sq. Ft.: $189
Price / Unit: $162,500
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