Description

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 $128,125 per unit and $159 per square foot, the property provides an attractive basis for investors. The property is currently operating at a 6.21% cap rate and 8.56 GRM, with approximately 40% rental upside, presenting a strong opportunity to increase cash flow through rent adjustments and operational improvements. The property is located along the active Florence Avenue corridor in South Los Angeles, offering convenient access to Downtown Los Angeles, University of Southern California, and major transportation routes including Interstate 110 and Interstate 105, connecting tenants to employment centers and amenities throughout the city.

Property details

Year built

1919

Property type

Residential Income

Lot size

5,969 sqft

Location

247 W Florence • Los Angeles, CA 90003

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Listed by

Aaron Jacobson · Lyon Stahl Investment Real Estate, Inc.

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Buyer's agent: Julie Olsen, Olsen Realty | DRE #01435744
156 E 70th: Sold $615,000 · 2 bd · 1 ba · 1,006 sqft · Aug 2026 · 0.3 mi
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314 W 66th: Sold $715,000 · Oct 2026 · 0.3 mi
Big Block Powerhouse Realty | DRE #01332310
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210 W 77th Street: Sold $860,000 · 6 bd · 4 ba · 2,544 sqft · Aug 2026 · 0.4 mi
Dream Realty & Investments Inc | DRE #02126533
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229 E 75th Street: Sold $750,000 · 5 bd · 2 ba · 1,350 sqft · Jul 2026 · 0.4 mi
Real Broker | DRE #01900591
Buyer's agent: Jonathan Calderon, Real Broker | DRE #01982607
152 W 64th Street: Sold $745,000 · 3 bd · 3 ba · 1,711 sqft · Sep 2026 · 0.4 mi
Redfin Corporation | DRE #01206834
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219 E 76th: Sold $800,000 · Jul 2026 · 0.5 mi
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225 E 67th: Sold $557,777 · 3 bd · 1 ba · 1,032 sqft · Jun 2026 · 0.5 mi
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Closed sales reported in 90003, nearest first, last 12 months. All recent sales in Los Angeles →

Residential Income - 247 W Florence, Los Angeles, CA