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2114 W Florence Avenue, Los Angeles, California 90047, Los Angeles, 90047 - bed, bath

2114 W Florence Avenue, Los Angeles, California 90047 home-pic-0
ACTIVE$699,990
2114 W Florence Avenue, Los Angeles, California 90047
0Bed
0Bath
1,166Sqft
2,553Lot
Year Built
1955
Close
-
List price
$700K
Original List price
$729K
Price/Sqft
$600
HOA
-
Days on market
-
Sold On
-
MLS number
SR25170709
Home ConditionFair
Features
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $700.0K(16th), sqft - 1166(5th), beds - undefined(50th), baths - undefined(50th).

$81,400 annual income potential with ACTUAL INCOME OF $78,600 with GOVERNMENT VOUCHER TENANTS in place (all expect one tenant). This QUAD is great addition for any buyer/ investors who would like to have a positive cash flow from day way. ZONED FOR A MOTEL- BUYER TO VERIFY! The units are THREE studios and ONE - 1 bedroom 1 with all of them being updated/ remodeled except one with which has the longest staying tenant. All month to month tenants except one and 3 of them are due for a rent increase. Tenants are mix of section 8 and other government subsidies and one traditional tenant with all rents always being paid on time and super easy going tenants. The rents are $1750, $1600, and $950 for each studio and $1850 for the 1 bedroom (all section 8 or other government granted vouchers except the$950 paying tenant who's a traditional tenant. In addition, the 3 parking spots in the back are rented out to a separate entity at $400/ month with a 1 year lease agreement (8 months to go). A TOTAL OF $6500 monthly income or $78,30000/ annual income (including the parking's income). You wont find a more secured and better investment than this!

Nearby schools

3/10
Seventy-Fourth Street Elementary School
Public,•K-5•0.1mi
3/10
Raymond Avenue Elementary School
Public,•K-5•1.0mi
3/10
La Salle Avenue Elementary School
Public,•K-5•1.3mi
1/10
Horace Mann Junior High School
Public,•6-8•0.3mi
1/10
Crenshaw Science, Technology, Engineering, Math And Medicine Magnet
Public,•9-12•1.8mi
2/10
Augustus F. Hawkins High A Critical Design And Gaming
Public,•9-12•1.8mi
2/10
George Washington Preparatory High School
Public,•9-12•2.6mi
9/10
Middle College High School
Public,•9-12•5.1mi

Price History

Date
Event
Price
09/20/25
Price Change
$699,990-4.1%
09/04/25
Price Change
$729,990+0.0%
08/21/25
Price Change
$729,900+0.1%
07/29/25
$729,000
02/21/14
Sold
$210,000
02/17/06
Sold
$385,000
12/30/02
Sold
$165,000
10/06/98
Sold
$106,000
Condition Rating
Fair
The property was built in 1955, making it an older structure. While the description states that 'all of them being updated/ remodeled except one' and the images confirm recent cosmetic updates in the shown units (new basic white kitchen cabinets, basic countertops, small new appliances, new wood-look vinyl plank flooring, fresh paint, and updated basic bathroom fixtures), these renovations appear to be functional and entry-level rather than extensive or high-quality. The bathroom tiling is basic, and the kitchens are compact and utilitarian. The overall property, despite these recent updates in most units, still reflects its 1955 build year, and the quality of the renovations is not sufficient to elevate it to a 'Good' rating, especially with one unit explicitly not updated. It is move-in ready for tenants but shows signs of being aged with basic, functional updates.
Pros & Cons

Pros

High & Stable Income: The property boasts a strong actual annual income of $78,600 with potential for $81,400, providing immediate and positive cash flow for investors.
Government-Backed Tenants: A majority of tenants are supported by Section 8 or other government subsidies, ensuring highly reliable and consistent on-time rent payments.
Income Growth Potential: Three units are currently due for rent increases, and there's additional income generated from three rented parking spots, offering immediate upside potential.
Commercial Zoning Potential: The property is zoned for a motel (buyer to verify), which presents significant future redevelopment or alternative commercial use opportunities, adding substantial long-term value.
Partially Updated Units: Most units have been updated or remodeled, reducing immediate renovation needs and enhancing tenant appeal for those units.

Cons

Older Property & Deferred Maintenance: Built in 1955, the property is older, suggesting potential for aging infrastructure, systems, and the need for future capital expenditures, particularly for the one un-remodeled unit.
Recent Price Reductions: The listing has undergone multiple price reductions from $729,990 to $699,990, which may indicate challenges in attracting buyers at previous price points or an initial overvaluation.
Small Unit Sizes: With a total of 1166 sqft for a quadruplex (three studios and one 1-bedroom), the individual units are likely quite compact, which could limit the tenant pool or future rent growth potential compared to properties with larger units.

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