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6,410 sqft

$1,025,000

247 W Florence, Los Angeles CA, 90003

Price per sqft$159.91
Built in1919
Property size6,410 sqft
Property typeMulti-family
Listed by Aaron Jacobson CA DRE# 02100737 with Lyon Stahl Investment Real Estate, Inc. 310-729-1559

Overview

Active

Listed Apr 21, 2026

Updated 2 weeks ago

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.

$6,819/mo

Est. mortgage payment based on a $1,025,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
SB26085337

Interior Features

Basement
No

Exterior Features

Lot Size
0.14 Acres

Other Property Details

Garage
Yes
55+/Senior Community
No
MLS provider logo

Listed by Aaron Jacobson CA DRE# 02100737 with Lyon Stahl Investment Real Estate, Inc. 310-729-1559

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 9/23/2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2026 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 9/23/2026 at 4:59 PM UTC Last Checked: 4:59 PM UTC

 

 

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