$1,050,000
247 W Florence, Los Angeles CA 90003
Multi-Family (8 Units)
Property type
45 days
On market
$164
Price per sqft
4 cars
Garage
1919
Year built
5,969 sqft
Lot size
Open Houses
Overview
247 W Florence Avenue presents an opportunity to acquire a mixed-use investment property in South Los Angeles. The asset consists of eight total units, including (5) one-bedroom/one-bath residential units and (3) ground-floor commercial spaces, offering a diverse income stream. Priced at $131,250 per unit and $163 per square foot, the property provides an attractive basis...
Listing provided by: Aaron Jacobson DRE #02100737 310-729-1559, Lyon Stahl Investment Real Estate, Inc., William James DRE #01734419 310-600-9858, Lyon Stahl Investment Real Estate, Inc.
Listing updated: Apr 21, 2026 at 05:09pm.
Last checked: Jun 5, 2026 at 05:31pm
Source: CRMLS #SB26085337
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 1 | 1 | 1 | — | $784 | $784 | $1,650 | Unfurnished |
| 1 | 1 | 1 | — | $1,000 | $1,000 | $1,650 | Unfurnished |
| 1 | 1 | 1 | — | $1,650 | $1,650 | $1,650 | Unfurnished |
| 1 | 1 | 1 | — | $1,000 | $1,000 | $1,650 | Unfurnished |
| 1 | 1 | 1 | — | $1,081 | $1,081 | $1,650 | Unfurnished |
| 1 | 0 | 0 | — | $1,632 | $1,632 | $1,900 | Unfurnished |
| 1 | 0 | 0 | — | $1,250 | $1,250 | $1,900 | Unfurnished |
| 1 | 0 | 0 | — | $1,584 | $1,584 | $1,900 | Unfurnished |
# of Buildings: 1
# of Units Total: 8
Separate Electric Meters: 8
Separate Gas Meters: 8
Separate Water Meters: 1
Rent Control: Yes
Financial Snapshot
Gross Rent Multiplier
8.8x
List Price / Annual Gross Rent
Cap Rate
6.04%
NOI / List Price
Gross Scheduled Income: $119,794
Operating Expense: $50,430
Net Operating Income: $63,375
Annual Operating Expenses
Electric: $0
Fuel: $0
Insurance: $0
Professional Management: $0
Trash: $0
Water / Sewer: $0
Interior
Laundry: None
Entry Location: Front
Exterior
Property Attached: No
Stories Total: 2
Common Walls: No Common Walls
Lot Features: Zero To One Unit Acre
Pool: None
Water Source: Public
Sewer: Public Sewer
Garage and Parking
Garage Spaces: 4
Parking Total: 4
Lot Information
Land Lease: No
Common Interest: CommunityApartment
Parcel #: 6012013049
Additional Parcels: No
Tax Lot: 140
Community
Senior Community: No
Community Features: Curbs, Suburban, Sidewalks, Urban
Nearby Schools
Nearby schools around the 247 W Florence, Los Angeles, CA 90003. Contact the school or district directly to verify enrollment eligibility.
Payment Calculator
Total Principal
$840,000
Total Interest
$1,071,374
Total Payment
$1,911,374
Payoff Date
Jun 2056
PMI is disabled automatically when your down payment is 20% or more.
Est. Payment
$6,553
per month
Property History for 247 W Florence
Los Angeles Market Snapshot
Market stats compare this property with recent MLS activity for similar property types in 90003.
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