$1,775,000
1508 W Florence Avenue, Los Angeles CA 90047
Multi-Family (6 Units)
Property type
129 days
On market
$362
Price per sqft
N/A
Garage
1990
Year built
2,951 sqft
Lot size
Open Houses
Overview
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...
Listing provided by: Sam Grayeli DRE #01299288 310-525-3711, BRC Advisors- BH, Ian Hollinger DRE #01889125 310-525-3741, BRC Advisors- BH
Listing updated: Feb 4, 2026 at 08:17am.
Last checked: Jun 5, 2026 at 08:31pm
Source: CRMLS #26644131
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 1 | 3 | 1 | — | $2,836 | $2,836 | $3,668 | Unfurnished |
| 1 | 1 | 1 | — | $1,882 | $1,882 | $2,289 | Unfurnished |
| 1 | 2 | 1 | — | $2,426 | $2,426 | $2,887 | Unfurnished |
| 1 | 3 | 1 | — | $2,935 | $2,935 | $3,668 | Unfurnished |
| 1 | 1 | 1 | — | $0 | $0 | $2,289 | Unfurnished |
| 1 | 2 | 1 | — | $2,368 | $2,368 | $2,887 | Unfurnished |
# of Buildings: 1
# of Units Total: 6
Financial Snapshot
Gross Rent Multiplier
10.1x
List Price / Annual Gross Rent
Cap Rate
7.16%
NOI / List Price
Net Operating Income: $127,101
Interior
Interior Features: Ceiling Fans
Heating: Wall Furnace
Exterior
Property Attached: Yes
Stories Total: 0
Levels: Multi Split
Common Walls: One Common Wall
Garage and Parking
Parking: None
Uncovered Spaces: 12
Parking Total: 12
Lot Information
Land Lease: No
Parcel #: 6018006008
Additional Parcels: Yes
Zoning: LAC2
Lot Size Dimensions: 25x118
Community
HOA: No
Senior Community: No
Nearby Schools
Nearby schools around the 1508 W Florence Avenue, Los Angeles, CA 90047. Contact the school or district directly to verify enrollment eligibility.
Payment Calculator
Total Principal
$1,420,000
Total Interest
$1,811,132
Total Payment
$3,231,132
Payoff Date
Jun 2056
PMI is disabled automatically when your down payment is 20% or more.
Est. Payment
$10,974
per month
Property History for 1508 W Florence Avenue
Los Angeles Market Snapshot
Market stats compare this property with recent MLS activity for similar property types in 90047.
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