1454 W Florence Avenue

Los Angeles, CA 90047

$1,395,000

List Price

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Property Description

Partners CRE is proud to present for sale a Ready-to-Issue ED1-vested 31 Unit + 2 Commercial Affordable Housing Project on a 6,500 SF corner lot in a low-density area.Designed with efficiencies in mind, this fully stacked on-grade design features 6 x Studio's, 22 x 1 bedrooms, 3 x 2 bedroom units, and 2 commercial ground floor retail (for a total of around 19,749 SF of rentable space). The retail component offers a huge amenity to the building allowing the owner to provide services to tenants within the building, ex. a large PATH Office space, a Leasing office, or supportive center.The property features RTI plans that allow a developer to break ground once escrow is closed, and it will be delivered vacant at the close of EscrowThe property is located on Florence between Western and Normandie intersection and has easy access to 110 freeway. This opportunity is about 6 miles south of DTLA, about 3 miles south of Banc of California Stadium & LA Memorial Coliseum, and about 5 miles east of SoFi Stadium.

Listing Information

List Price $1,395,000
Status Active
MLS 24413429
Type Land
Lot Size 6,502
Structure Size N/A
DOM 34
Courtesy Of Keller Williams Beverly Hills
Listing Agent Jordan Petito DRE#02023714

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Exterior Information

Maps

Listing information courtesy of: Jordan Petito, Keller Williams Beverly Hills . *Based on information from the Association of REALTORS/Multiple Listing as of Jul 18th, 2024 at 12:11 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.