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1025 W Florence Ave
Los Angeles, CA 90044
MLS# 3YD-RFGCB-96VGER ID: 75898302
1405 sq.ft.
$1,500,000
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Property Description
1021 & 1025 W Florence Avenue INVESTMENT HIGHLIGHTS Potential Development Site Located on the Main Thoroughfare of Florence Ave Close to Vermont Ave Great Owner User Opportunity C2 Zone which allows for R4 Uses and density EXECUTIVE SUMMARY Available for sale is a great owner-user opportunity. With a favorable SBA lending environment, an owner user could potentially leverage to acquire this property. Additionally, the favorable zoning allows for potential development of residential units. Buyer to confirm and conduct their own investigations. The property is currently occupied. Please do not go on Premises and disturb the tenant. The tenant has indicated that they will be vacating by July 1, 2022. There may be a possibility that they can vacate sooner. PROPERTY FACTS Sale Type: Investment or Owner User Property Type: Retail Property Subtype: Storefront Retail/Office Building Size: 1,405 SF Year Built: 1948 Price: $1,500,000 Price Per SF: $1,068 Tenancy: Single Building Height: 1 Story Building FAR: 0.14 Land Acres: 0.22 AC Zoning: C2-2D-CPIO - C2 Zone which also allows for R4 uses; Buyer to verify. Frontage: 104 FT on Florence Ave Opportunity Zone: No AMENITIES Fenced Lot WALK SCORE ® Very Walkable (70) BIKE SCORE ® Very Bikeable (70)
Property Features
Status
Days On Market 47 days
Last Updated June 24, 2022
Market Status Available
Description
Property Type Commercial
Year Built 1948
Approx. Lot Size .22 Acres
Sq. Feet 1405
Building Features
Stories 1.0
Listing Features
Property Type Commercial; Retail
Offered By:
Robert Ip
Coldwell Banker Realty

Data Provided by Coldwell Banker

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