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Listed by: Aaron Jacobson (310) 729-1559 DRE #02100737, William James DRE #01734419 | Lyon Stahl Investment Real Estate, Inc. (310) 425-9838
$1,025,000
Monthly Est:$5,102
5 Beds
5 Baths
6,410sqft
247 W Florence, Los Angeles, CA 90003
$1,025,000
$5,102/moEst:
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Mixed Use
Built in 1919
$-- HOA
5,969 sqft lot
$160/sq.ft
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.
- Houzeo last checked: 24 minutes ago
- Listing updated: October 21, 2026 at 12:32 am
- Source: California Regional MLS-CA | MLS#: SB26085337
Property Details
Status
Active
Type
Multi Family
No. of Stories
2
County
City
Neighborhood
Year Built
1919
HOA Fees
-
Finished Area
6,410 sqft
Lot Size
5,969 sqft lot
Basement Area
- sqft
MLS Name
California Regional MLS
MLS Number
SB26085337
MLS Status
Active
Days on Market
196
Cumulative Days on Market
182
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 5
Bathrooms: 5
Interior
Sewer
Public Sewer
Utilities & Energy
Laundry Features
None
Pool Features
None
Water Source
Public
Other Features
Community Features
Curbs, Suburban, Sidewalks, Urban
Lot Features
Zero To One Unit Acre
Price History
| Date | Event | Price |
|---|---|---|
04/21/2026 Source: | Price Decreased | $1,025,000 -2.38% $160/sqft |
04/21/2026 Source: | Listed for Sale | $1,050,000 $164/sqft |
Florence-Firestone Ranks #192 in Los Angeles, CA
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Based on information from California Regional Multiple Listing Service, Inc. as of Nov 04, 2026, 12:45PM 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
