2422 W Florence Ave, Los Angeles, CA 90043
2422 W Florence Ave

2422 W Florence Ave

2422 W Florence Ave, Los Angeles, CA

$699,000

HIGHLIGHTS
  • 5 Beds
  • 5,744 Sq.Ft. Lot
  • 1,066 Sq.Ft. Living
  • 1955 Year Built
  • For Sale Status
  • 24-430687 MLS® ID
DELIVERED VACANT AT CLOSE OF ESCROW! Located in a prime location near vibrant Inglewood and just moments from SoFi Stadium and Intuit Stadium, this commercially zoned duplex is a standout investment opportunity. Currently, the property generates substantial monthly rental income of $6,000 from its existing residential units. This income stream provides immediate cash flow while laying the groundwork for future development. Beyond its financial prospects, the property offers significant room for growth. There's ample space on the lot to add a third unit or an ADU (Accessory Dwelling Unit), offering additional rental income potential. Ample parking enhances the property's practicality and appeal. What sets this property apart is its potential for expansion and transformation. It comes with approved plans and RTI (Ready-To-Issue) permits for a modern, three-story apartment building that can accommodate either three or four units. This flexibility allows investors and developers to capitalize on its commercial zoning, enhancing its value proposition. Moreover, the location is prime for capitalizing on the dynamic growth of Inglewood. With nearby entertainment venues, shopping options, and easy access to major freeways, residents will enjoy convenience and accessibility. One of the most compelling features of this offering is that it will be delivered vacant at the close of escrow. This means new owners can move swiftly with their development plans without the constraints of existing leases, maximizing their flexibility and timeline. This property represents a rare blend of current income and expansive future potential. Whether you're looking to invest in income-generating rental units, develop a modern apartment building, or explore the possibilities of commercial zoning, this opportunity should not be missed.
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Stephanie Younger

Stephanie Younger

CEO/ Owner

Features and Amenities

Interior

  • Total Bedrooms5
  • Total Bathrooms2
  • Laundry roomIn Unit
  • FlooringMixed
  • FireplaceNone
  • APPLIANCESRange/Oven, Washer, Dryer

Area & Lot

  • Status For Sale
  • Living Area1,066 Sq.Ft.
  • Lot Area5,744 Sq.Ft.
  • MLS® ID24-430687
  • TypeMulti-Family
  • YEAR BUILT1955
  • Architecture StylesOther
  • water FrontageNone
  • View DescriptionNone

Exterior

  • STORIES1
  • Water SourcePublic
  • PoolNone
  • roofComposition, Shingle
  • parkingGated
  • HEAT TYPECentral
  • AIR CONDITIONINGNone
  • sewerIn Street
  • security FeaturesGated

Financial

  • Sales Price$699,000
  • Zoning LAC2

WORK WITH US

In 2023, the Stephanie Younger Group sold more homes than any other agent or team in the city of Los Angeles, and in 2024, was recognized as a top team in California by sales volume in the RealTrends The Thousand list.

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