1508 W Florence Avenue, Los Angeles, CA 90047
Local realty services provided by:ERA North Orange County Real Estate
1508 W Florence Avenue,Los Angeles, CA 90047
$1,775,000
- 12 Beds
- 6 Baths
- 4,910 sq. ft.
- Multi-family
- Active
Listed by: sam grayeli, ian hollinger
Office: brc advisors- bh
MLS#:26644131
Source:CRMLS
Price summary
- Price:$1,775,000
- Price per sq. ft.:$361.51
About this home
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 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....
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Home facts
- Year built:1990
- Listing ID #:26644131
- Added:64 day(s) ago
- Updated:March 28, 2026 at 01:23 PM
Rooms and interior
- Bedrooms:12
- Total bathrooms:6
- Living area:4,910 sq. ft.
Heating and cooling
- Heating:Wall Furnace
Structure and exterior
- Year built:1990
- Building area:4,910 sq. ft.
- Lot area:0.07 Acres
- Levels:Multi Split
Finances and disclosures
- Price:$1,775,000
- Price per sq. ft.:$361.51
Features and amenities
- Amenities:Ceiling Fans
Parking
- Total parking spaces:12
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