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Listed by: Josh Hodeda (310) 926-0116 DRE #02091542 | eLAvate,Inc. (818) 643-1980
$6,250,000
Monthly Est:$31,109
18 Beds
23 Baths
9,571sqft
1156 W Florence Ave, Los Angeles, CA 90044
$6,250,000
$31,109/moEst:
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Multi Family
Built in 2026
$-- HOA
5,990 sqft lot
$653/sq.ft
Description
**IMMEDIATE CASH FLOW AT DAY ONE** **100% MASTER LEASED** NEWLY CONSTRUCTED 15 UNIT APARTMENT BUILDING. eLAvate, Inc. is pleased to present 1156 W. Florence Ave. A newly constructed 15 unit apartment community with a dedicated on site office, 100% MASTER-LEASED to a single corporate tenant encompassing all 15 units. This is not a lease up. This is IMMEDIATE CASH FLOW AT DAY ONE with none of the leasing risk, turnover cost or vacancy drag of traditional multifamily ownership. 13 of the 15 units are restricted via a recorded rental covenant. 2 units (both three bedrooms) are at market rate/unrestricted. New construction delivered in March 2026. Three stories, 9,571 SF livin...
Continue Reading- Houzeo last checked: 5 minutes ago
- Listing updated: August 20, 2026 at 7:15 am
- Source: California Regional MLS-CA | MLS#: 26871793
Part of
Property Details
Status
Active
Type
Multi Family
No. of Stories
3
County
City
Neighborhood
Year Built
2026
HOA Fees
-
Finished Area
9,571 sqft
Lot Size
5,990 sqft lot
Basement Area
- sqft
MLS Name
California Regional MLS
MLS Number
26871793
MLS Status
Active
Days on Market
37
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Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 18
Bathrooms: 23
Interior
Flooring
Tile
Appliances
Dishwasher, Electric Cooktop, Electric Oven, Disposal, Microwave, Refrigerator, Dryer, Washer
Heating
Central
Cooling
Central Air
Utilities & Energy
Pool Features
None
Laundry Features
Common Area
Parking Features
None
Other Features
Tenant Pays
Electricity, Trash Collection, Water
Price History
| Date | Event | Price |
|---|---|---|
08/12/2026 Source: | Listed for Sale | $6,250,000 +1150.00% $653/sqft |
07/07/2023 Source: | Sold | $500,000 $52/sqft |
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Based on information from California Regional Multiple Listing Service, Inc. as of Sep 19, 2026, 10:15PM and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. © 2026 California Regional Multiple Listing Service. All Rights Reserved.
Advertising Broker: William Johnson DRE #01463271 | William Johnson Brokerage
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