1649 W Florence, Los Angeles, CA 90047
- $895,000
- List Price
- $895,000
- Status
- ACTIVE
- MLS#
- DW26130575
- Year Built
- 1940
- Lot Size
- 3,000
- Acres
- 0.07
- Lot Location
- No Landscaping
- Days on Market
- 44
- Property Type
- Multifamily
- Style
- Traditional
- Property Sub Type
- Mixed Use
Property Description
Exceptional Mixed-Use Investment Opportunity! This versatile income-producing property features a remodeled barbershop in the front currently generating $2,500 per month, along with an additional $200 per month in billboard income, creating multiple streams of revenue. Behind the commercial space are two vacant residential units, offering immediate rental income potential or owner-occupancy flexibility. The residential portion includes a beautifully remodeled 3-bedroom, 1-bath residence and a brand-new 2-bedroom, 1-bath unit, both thoughtfully designed with modern finishes and equipped with central air conditioning and heating for year-round comfort. Each unit features convenient indoor laundry and has been extensively upgraded with new electrical panels, new plumbing, new flooring, recessed lighting, and fresh interior and exterior paint. This turnkey property presents a rare opportunity for investors seeking strong cash flow and future rental upside, or for owner-users looking to live on-site while benefiting from multiple income streams. With established commercial income, billboard revenue, and two vacant residential units ready for immediate occupancy or leasing, this is a truly unique mixed-use asset with exceptional potential. Don't miss out on this one-of-a-kind investment opportunity!
Additional Information
- Appliances
- ENERGY STAR Qualified Appliances, Gas Range, Trash Compactor, Water Heater
- Pool Description
- None
- Heat
- ENERGY STAR Qualified Equipment
- Cooling
- Yes
- Cooling Description
- ENERGY STAR Qualified Equipment
- View
- None
- Exterior Construction
- Stucco
- Roof
- Composition, Shingle
- Sewer
- Sewer Tap Paid
- Water
- Public
- Interior Features
- Open Floorplan, Quartz Counters, Recessed Lighting, All Bedrooms Down, Jack and Jill Bath
- Attached Structure
- Detached
- Number Of Units Total
- 3
- Gross Scheduled Income
- $104,400
- Operating Expense
- 3000
Listing courtesy of Listing Agent: Mirna Martinez (mirnac21@gmail.com) from Listing Office: ROA California Inc..
Mortgage Calculator
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.