1746 W Florence Avenue, Los Angeles, CA 90047

About this commercial property

Commercial Retail property that can be used for development into apartments under city's TOC Tier 3 development standards or redeveloped into another retail building. The property is zoned LAC2- City of Los Angeles which allows for both commercial and R4 multi-family development. Build up to 37 units on 1746 W Florence Ave lot and up to 32 units on the 7200 S Western Ave lot for a total of up to 69 units for two projects. Properties are adjacent to each other with an alleyway in between. Properties are sold for their land value only. Priced at only $136.47 s.f. Property located at corner of alley and in between Hobart Blvd and Western Ave. Excellent site for multi-family residential, retail, or a mixed use combination of retail and residential.

Listing description from the November 2023 sale, as reported to CRMLS.

Sale history

$1,200,000

Sold November 2023 · listed $1,210,000, on market August 2023 · MLS #PW23154452 · Source: CRMLS

Listing Agent: Wayne Brown · Listing Office: F C E Realty · Contact: 714-588-1880 · Bought with: Candis Morton · Candis C. Morton, Broker

$1,200,000

Sold November 2023 · listed $1,210,000, on market August 2023 · MLS #PW23152263 · Source: CRMLS

Listing Agent: Wayne Brown · Listing Office: F C E Realty · Contact: 714-588-1880 · Bought with: Candis Morton · Candis C. Morton, Broker

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