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Stephanie Younger

2422 W Florence Ave

$700,000 2422 W Florence Ave, Los Angeles, CA 90043
DELIVERED VACANT AT CLOSE OF ESCROW! Located in a prime location near vibrant Inglewood and just moments from SoFi Stadium and Intuit Stadium, this commercially zoned property is a standout investment opportunity. What sets this property apart is its potential for expansion and transformation. It comes with approved plans and RTI (Ready-To-Issue) permits, saving valuable time and expense, for a modern, three-story apartment building that can accommodate either three or four units. To maximize the rental income opportunity the design is of 5,500 square feet of living space, across up to 4 units and up to 13 bedrooms. This flexibility allows investors and developers to capitalize on its commercial zoning, enhancing its value proposition. Moreover, the location is prime for capitalizing on the dynamic growth of Inglewood. With nearby entertainment venues, shopping options, and easy access to major freeways, residents will enjoy convenience and accessibility. One of the most compelling features of this offering is that it will be delivered vacant at the close of escrow. This means new owners can move swiftly with their development plans without the constraints of existing leases, maximizing their flexibility and timeline. Currently, the Duplex generates substantial monthly rental income of $6,000 from its existing two residential units or 5 bedrooms. This income stream provides immediate cash flow while laying the groundwork for future development. Beyond its financial prospects, the property offers significant room for growth. There's ample space on the lot to add a third unit or an ADU (Accessory Dwelling Unit), offering additional rental income potential. Ample parking enhances the property's practicality and appeal. This property represents a rare blend of current income and expansive future potential. Whether you're looking to invest in income-generating rental units, develop a modern apartment building, or explore the possibilities of commercial zoning, this opportunity should not be missed.
  • For Sale
    Status
  • 5
    Bedrooms
  • 2
    Bathrooms
  • 1955
    Year Built
  • 1,066 Sq.Ft.
    Living Area

Features & Amenities

Area & Lot

  • Status: For Sale
  • Living Space: 1,066 Sq.Ft.
  • Lot Size: 5,744 Sq.Ft.
  • MLS® ID: 24-430687
  • Type: Multi-Family
  • Year Built: 1955
  • Water Frontage: None
  • View Description: None

Interior

  • Total Bedrooms: 5
  • Total Bathrooms: 2
  • Laundry Room: In Unit
  • Flooring: Mixed
  • Fireplace: None
  • Appliances: Range/Oven, Washer, Dryer

Exterior & Building

  • Stories: 1
  • Water Source: Public
  • Pool: None
  • Roof: Composition, Shingle
  • Parking: Gated
  • Heat Type: Central
  • Air Conditioning: None
  • Sewer: In Street
  • Security Features: Gated

Financial

  • Sales Price: $700,000
  • Zoning: LAC2

2422 W Florence Ave

Work With Eric

As a local in Bucks County for 24 years, Eric Feiner is incredibly familiar to the area and understands it, making him the perfect guide to all of your real estate needs. With his transparent and honest approach with clients, he gives absolute attention to clients' needs and desires to attain complete customer satisfaction. Contact him today!
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