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.