2027 Florence Avenue, Los Angeles, CA 90047
  • MLS#: DW24136417 ( Business )
  • Street Address: 2027 Florence Avenue
  • Viewed: 1
  • Price: $1,395,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1951
  • Bldg sqft: 0
  • Days On Market: 135
  • Additional Information
  • County: LOS ANGELES
  • City: Los Angeles
  • Zipcode: 90047
  • Provided by: VIP Real Estate Firm
  • Contact: Daniel Daniel
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    Seller WILL PROVIDE PHASE 1 AND PHASE 2 to serious buyers with LOI, please see supplementals for all certificate of occupancies*** WE proudly present this wonderful investment opportunity in one of the hottest and upcoming neighborhoods of Los Angeles Known as Hyde Park, a neighborhood that is only 1.5 miles from Inglewood and already has million dollar single family residences. This building is the PERFECT for a developer or for an owner user buyer that has an automotive business because it will be delivered VACANT at the close of escrow, which means that you can qualify for an SBA loan and purchase this property with as little as 10 15% downpayment ($210k), WOW! This property has previously operated businesses such as: Auto heating & cooling, service repair, auto electric, transmission services, and auto registration. At the moment, the property the is equipped with 4 double bays, 3 ton crane, 8 air lines (2 on each bay), 2 electrical meters with strong power, office space separate from work station, and great access to the station with 11ft height doors. Property is also zoned LAC2 Tier 2. A developer can potentially build up to 28 units using TOC density bonus. Because the property will be delivered vacant, it allows for a buyer with a different trade to come and relocate if they satisfy the city's standards and usage requirements, or they can purchase and rent to a suitable business. This property sits on a desirable location with heavy foot traffic. 2027 located couple miles from the Crenshaw/LAX Transit Project and the Baldwin Hills Crenshaw Plaza Master Plan Project. This pocket's target is to invest an estimate of $1B in the next 4 6 years. Other near businesses and retailers include Well's Fargo, McDonalds, US postal service, SOFI stadium (2mi), LAX airport (6.5mi), and Silicon Beach.
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Features
Building Area Total
  1. 2700.00
Commoninterest
  1. None
Country
  1. US
Current Use
  1. Commercial
Laundry Features
  1. None
Parcel Number
  1. 6016034003
Property Type
  1. Business
Totalmonthlyrent
  1. 8500
Water Source
  1. Public
Year Built
  1. 1951
Year Built Source
  1. Public Records