1508 W. Florence Avenue is a well-maintained six-unit multifamily investment property constructed in 1990. Importantly, the property is not subject to the City of Los Angeles Rent Stabilization Ordinance (RSO) due to its year of construction; however, it is subject to California's AB 1482 (Tenant Protection Act), providing investors with… Read More a more favorable regulatory framework than older, fully rent-controlled assets. The asset features a diverse and desirable unit mix consisting of two (2) one-bedroom/one-bath units, two (2) two-bedroom/one-bath units, and two (2) three-bedroom/one-bath units, totaling approximately 4,940 rentable square feet on a 5,902-square-foot lot. This balanced mix attracts a broad tenant base and helps mitigate vacancy risk. The property offers ample on-site gated parking and a secured gated entry, amenities that are increasingly important to tenants and supportive of strong occupancy. The central Florence Avenue location provides convenient access to major transportation corridors, employment centers, and neighborhood retail, with proximity to Inglewood, Downtown Los Angeles, and LAX.1508 W. Florence Avenue represents a durable, income-oriented investment offering regulatory flexibility, tenant appeal, and long-term appreciation potential in a core Los Angeles rental corridor. Read Less
Property listed by BRC Advisors- BH, Sam Grayeli
Listing Snapshot
Days Online
0
Last Updated
Beds
12
Square Ft.
4,910
Lot Size
0.07 Acres
Year Built
1990
MLS Number
26644131
Additional Details
Building
Built in 1990, Living area: 4910.0, 1 building, Levels: MultiSplit
Heating
WallFurnace
Income
Gross Income: $176,367, Net Operating Income: $127,101
Interior Features
CeilingFans
Lot
0.0677 acres, Dimensions: 25x118
Parking
12 open parking spaces, 12 total parking spaces, None
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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