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3426 W Florence Avenue, Los Angeles, California 90043, Los Angeles, 90043 - bed, bath

3426 W Florence Avenue, Los Angeles, California 90043 home-pic-0
ACTIVE$1,050,000
3426 W Florence Avenue, Los Angeles, California 90043
0Bed
0Bath
2,798Sqft
5,529Lot
Year Built
1954
Close
-
List price
$1.05M
Original List price
$1.05M
Price/Sqft
$375
HOA
-
Days on market
-
Sold On
-
MLS number
GD25071861
Home ConditionGood
Features
Patio
View-

About this home

We found 3 Cons,6 Pros. Rank: price - $1.05M(88th), sqft - 2798(88th), beds - undefined(50th), baths - undefined(50th).

Investor's Dream! Looking for your next investment opportunity? Welcome to 3426 W Florence Ave, Los Angeles, where an exceptional 3-unit multi-family property awaits its new buyer. With four parking spaces, including a spacious three-car garage and alley access, parking will never be a hassle for residents or guests. Situated on a generous lot, this property offers vast potential, including the possibility of adding an ADU. Ideal for owner-occupied living with additional rental units. Recently renovated units boast modern laminate and hardwood flooring, offering a fresh and inviting atmosphere for tenants. Experience low-maintenance beauty with upgraded landscaping featuring drought-tolerant plants and succulents, elevating the property's appeal with a touch of modernity. Additional features include rain gutters for enhanced property maintenance. Enjoy the convenience of a common laundry room equipped with recently replaced washing machines and dryer. This property is conveniently located near a variety of attractions, including shopping centers, restaurants, parks, and schools. Enjoy easy access to everything you need for a comfortable lifestyle. Don't miss out on this incredible opportunity to make your mark in the real estate market. ONE unit may be delivered VACANT

Nearby schools

2/10
Yes Academy
Public,•K-5•0.5mi
1/10
Lane (Warren) Elementary School
Public,•K-6•0.7mi
4/10
Centinela Elementary School
Public,•K-6•0.9mi
3/10
Seventy-Fourth Street Elementary School
Public,•K-5•0.9mi
2/10
Fifty-Ninth Street Elementary School
Public,•K-5•1.1mi
2/10
Fifty-Fourth Street Elementary School
Public,•K-5•1.4mi
3/10
Angeles Mesa Elementary School
Public,•K-5•1.6mi
3/10
Windsor Hills Math Science
Public,•K-5•2.0mi
2/10
Forty-Second Street Elementary School
Public,•K-5•2.3mi
1/10
Horace Mann Junior High School
Public,•6-8•1.2mi
2/10
Crozier (George W.) Middle School
Public,•7-8•2.2mi
2/10
Barack Obama Global Preparation Academy
Public,•6-8•2.3mi
/10
Monroe (Albert F.) Middle School
Public,•6-8•2.4mi
2/10
Audubon Middle School
Public,•6-8•2.4mi
3/10
Parent (Frank D.) Elementary School
Public,•K-8•2.5mi
2/10
Inglewood High School
Public,•9-12•1.6mi
1/10
Crenshaw Science, Technology, Engineering, Math And Medicine Magnet
Public,•9-12•1.6mi
2/10
George Washington Preparatory High School
Public,•9-12•3.0mi
9/10
Middle College High School
Public,•9-12•5.8mi

Price History

Date
Event
Price
07/27/17
Sold
$450,000
01/04/07
Sold
$600,000
07/08/04
Sold
$415,000
04/29/02
Sold
$285,000
Condition Rating
Good
The property features recently renovated units with modern kitchens (white shaker cabinets, stainless steel appliances, dark countertops), updated bathrooms (modern vanities, subway tile showers), and new laminate/hardwood flooring throughout. The common laundry room also has recently replaced machines. While the interior units are in excellent, move-in ready condition, the property was built in 1954, and the listing does not specify updates to major underlying building systems (e.g., HVAC, plumbing, electrical infrastructure). This lack of information on the overall building's major systems, despite the beautiful unit renovations, prevents an 'Excellent' rating.
Pros & Cons

Pros

Great Schools: High School: Middle College High School (9/10).
Multi-Unit Income Potential: This triplex is explicitly marketed as an 'Investor's Dream' and 'Ideal for owner-occupied living with additional rental units,' offering significant income generation opportunities, especially with one unit potentially delivered vacant.
ADU Potential & Generous Lot: Situated on a generous 5,529 sqft lot, the property offers vast potential, including the possibility of adding an Accessory Dwelling Unit (ADU), which can significantly increase future value and rental income.
Recent Renovations & Modern Finishes: Recently renovated units feature modern laminate and hardwood flooring, providing a fresh and inviting atmosphere for tenants and reducing immediate capital expenditure for a new owner.
Ample Parking & Alley Access: The property boasts four parking spaces, including a spacious three-car garage and convenient alley access, a significant advantage in Los Angeles where parking is often at a premium.
Low-Maintenance & Upgraded Amenities: Upgraded landscaping with drought-tolerant plants and succulents ensures low maintenance, while a common laundry room with recently replaced machines adds convenience and tenant appeal.

Cons

Property Age: Built in 1954, the property's age, despite recent unit renovations, suggests potential for older underlying infrastructure (e.g., plumbing, electrical, foundation) that may require future maintenance or upgrades not explicitly detailed.
Lower-Rated Local Schools: Many of the nearby public schools have low ratings (predominantly 1s and 2s), which could be a deterrent for families with school-aged children, potentially limiting a segment of the rental or buyer market.
Unspecified Major System Updates: While units are renovated, the description does not specify updates to major building systems such as HVAC (heating, ventilation, air conditioning), which, given the property's age, could represent a significant future investment for tenant comfort and efficiency.

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