Florence
For sale
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Beds/baths
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Florence, CA Homes for Sale
THIS 4-UNIT APARTMENT BUILDING, SITUATED SOUTH OF DOWNTOWN LOS ANGELES, PRESENTS AN IDEAL OPPORTUNITY FOR FIRST-TIME INVESTORS OR A VALUABLE ADDITION TO AN EXISTING INVESTMENT PORTFOLIO. THE PROPERTY COMPRISES ONE 3-BEDROOM, 2-BATHROOM UNIT, AND THREE 1-BEDROOM, 1-BATHROOM UNITS. SUBJECT TO RENT CONTROL, IT FEATURES SEPARATELY METERED GAS AND ELECTRICITY, WITH EACH UNIT EQUIPPED WITH ITS OWN WATER HEATER. IMPECCABLY MAINTAINED BY THE CURRENT OWNER, THE BUILDING IS 100% OCCUPIED, ENSURING CONSISTENT CASH FLOW AND MINIMAL MAINTENANCE COSTS. THE ROOF AND COPPER PLUMBING WERE UPGRADED IN 2009, AND SEVERAL UNITS HAVE BEEN THOUGHTFULLY RENOVATED, INCLUDING KITCHEN AND BATHROOM UPDATES. PERFECTLY
7900 Avalon is a newly renovated triplex with a commercial space, situated on the corner of Avalon Blvd and 79th Street. Generating strong income, the property operates at a 7.09% cap rate and a 9.53 GRM. The commercial space features prime frontage along Avalon, while alley access provides additional convenience at the rear of the property. Built in 1947, the buildings are subject to LARSO, with all units separately metered for utilities. The unit mix includes (2) one-bedroom, one-bath units, (1) three-bedroom, one-bath unit, and (1) commercial space. The property also offers six onsite parking spaces, which present potential for ADU conversion.
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This fully renovated mixed-use investment property offers strong cash flow and a turnkey opportunity for investors. Undergoing a complete transformation from 2019 to 2022, with $750,000 in upgrades, every major system has been modernized to ensure long-term value and minimal maintenance. Extensive improvements include a fully replaced plumbing system, new electrical panels with complete rewiring for both residential and commercial spaces, and main sewer lines replaced from the street to the units. The interior features all-new drywall throughout, along with new tankless water heaters and two brand-new roofs. The exterior has been enhanced with new stucco, windows, gutters, and freshly poure
Two transformed units. Front unit features 4 bedrooms and 3 bathrooms. Back unit features 2 bed 1 bath. Both units received updated plumbing, electrical, windows, flooring, new kitchens and bathrooms. Long driveway offers extra parking. Great opportunity to occupy one and rent one or for an extended family to enjoy.
Triplex Main Home 3 Bedroom 1 bath front house and 2 back units each 2 bed 1 bathroom also has a small back yard in back of units to extend and a room to each unit. * Great opportunity for investors or owner-occupants looking to generate rental income!Spacious lot with ample parking, centrally located near schools, shopping, and public transportation. Property is sold as-is. Buyers to verify all information, including permit status. Showings by appointment only with minimum