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1509 W Florence Avenue

Los Angeles (City), CA 90047
  • $899,000
  • STATUS: Active
  • ON SITE: 148 Days
  • ID#: 24404562
UPDATED: 168 min ago
$899,000
  • 3
    BEDS
  • 0.11
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,288
    SQFT
  • $393
    $/SQFT
Type:
Multi-Family
Built:
1937
County:

School Ratings & Info

Listing Agent(s): Shamim Khorsand Mashhadi of RE/MAX ESTATE PROPERTIES (310-577-5300)


Description

Great development opportunity near the Hollywood Park entertainment complex, SOFI stadium and the Florence/Crenshaw Metro Line. Eligible for new CHIP ordinance that can allow additional 50% density increase and significant parking reductions (See Docs). Zoned LAC2, TOC Tier 1, ED1 Eligible. Adjacent parcel also for sale at 1513 W Florence Blvd. Bringing total lot area to 11,246. Property consists of two separate buildings. A 1412 sq ft front building and a 876 sq ft rear building. The property addresses are 1509,1511 and 1511 1/2. All information provided deemed reliable but not guaranteed. Buyer and buyers agent to verify all information with the city and county zoning and planning for accuracy. Some alterations to the units were done without permit. Check with the city to satisfy any questions or concerns.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2024-11-13T00:28:33.163. 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 deemed reliable but is not guaranteed accurate by the MLS or CFC Realty, Inc. Licensed in the State of California, USA.
www.cfc-realty.com/homes/151756806
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1509 W Florence Avenue Los Angeles (City), CA 90047

  • Price: $899,000
  • Status: Active
  • On Site: 148 Days
  • Updated: 168 min ago
  • ID#: 24404562
3
Beds
0
Baths
0
½ Baths
0.11
Acres
2,288
SQFT
$393
$/SQFT
1937
Built
Neighborhood:
C34 - Los Angeles Southwest
County:
Los Angeles
Area:
C34 - Los Angeles Southwest
Property Description
Great development opportunity near the Hollywood Park entertainment complex, SOFI stadium and the Florence/Crenshaw Metro Line. Eligible for new CHIP ordinance that can allow additional 50% density increase and significant parking reductions (See Docs). Zoned LAC2, TOC Tier 1, ED1 Eligible. Adjacent parcel also for sale at 1513 W Florence Blvd. Bringing total lot area to 11,246. Property consists of two separate buildings. A 1412 sq ft front building and a 876 sq ft rear building. The property addresses are 1509,1511 and 1511 1/2. All information provided deemed reliable but not guaranteed. Buyer and buyers agent to verify all information with the city and county zoning and planning for accuracy. Some alterations to the units were done without permit. Check with the city to satisfy any questions or concerns.
Exterior Features

Carport Spaces 2 Carport YN Yes Direction Faces South Parking Features Carport Parking Total 2 View None View YN No

Interior Features

Appliances RefrigeratorDryerWasher Cooling None Cooling YN No Heating Wall Furnace Heating YN Yes

Property Features

Association YN No Buyer Financing Cash Community Features Gated Gross Income 116640 Levels One Listing Agreement Seller Reserved Listing Service Full Service Net Operating Income 72640 New Construction YN No Possession Close Of Escrow Property Condition Additions/Alterations Security Features Gated Community Senior Community YN No Special Listing Conditions Standard Vacancy Allowance Rate 0 Zoning LAC2



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-11-13T00:28:33.163. 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 deemed reliable but is not guaranteed accurate by the MLS or CFC Realty, Inc. Licensed in the State of California, USA.
 
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CFC Realty, Inc
931 Pueblo Drive
Lake Havasu City AZ, 86406
Listing Agent(s): Shamim Khorsand Mashhadi of RE/MAX ESTATE PROPERTIES (310-577-5300)