1101 W Florence Avenue, Los Angeles, CA 90044

$1,100,000

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List Price
$1,100,000
Status
ACTIVE UNDER CONTRACT
MLS#
SR26070386
Year Built
1912
Lot Size
7,864
Acres
0.18
Lot Location
Corner Lot
Days on Market
117
Property Type
Commercial
Property Sub Type
Mixed Use

Property Description

Presenting 1101 West Florence Avenue, Los Angeles, CA, 90043-1821. This is a specialty purpose property, previously occupied as a Religious Establishment. Great opportunity as there are no occupants, leases or obligations. This is a true add-value property. The current base zone is C2 + Transit Oriented Community Tier 3 + Executive Directive Tier 1 which means you’re eligible for “Fast Track” permits for multi-residential—potentially up to 33 units thanks to the 70% density bonus, or mixed-use space retail on the ground-floor and residential units top level (buyer to verify). Live-work income stacking, long-term value. Alternatively, the property can be renovated for ministries, outreach programs, nonprofit use, or educational facility. The seller is flexible with creative structuring; seller financing, joint-venture, partnerships, submit your LOI. Great location only minutes from Crypto Arena, Downtown LA, SoFi Stadium, and right in the heartbeat of LA with dozens of authentic restaurants, bars, and shops. If you’re an investor, developer, or visionary ready to create something special in the heart of Los Angeles—this is your move.

Additional Information

Water
Public
Attached Structure
Detached

Listing courtesy of Listing Agent: Jose Alonso (Jose@AlonsoRealEstateGroup.com) from Listing Office: RE/MAX Gateway.

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Calculator source: Real Geeks

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.