2027 W Florence Avenue

Los Angeles, CA 90047

$1,395,000

Listed Price
N/A

bed Beds

N/A

shower Baths

N/A sqft

straighten / sqft

1951

calendar_month Built

Property Description

Seller WILL PROVIDE PHASE 1 AND PHASE 2 to serious buyers with LOI, please see supplementals for all certificate of occupancies*** WE proudly present this wonderful investment opportunity in one of the hottest and upcoming neighborhoods of Los Angeles Known as Hyde Park, a neighborhood that is only 1.5 miles from Inglewood and already has million dollar single family residences. This building is the PERFECT for a developer or for an owner-user buyer that has an automotive business because it will be delivered VACANT at the close of escrow, which means that you can qualify for an SBA loan and purchase this property with as little as 10-15% downpayment ($210k), WOW! This property has previously operated businesses such as: Auto heating & cooling, service repair, auto electric, transmission services, and auto registration. At the moment, the property the is equipped with 4 double bays, 3 ton crane, 8 air lines (2 on each bay), 2 electrical meters with strong power, office space separate from work station, and great access to the station with 11ft height doors. Property is also zoned LAC2 Tier 2. A developer can potentially build up to 28 units using TOC density bonus. Because the property will be delivered vacant, it allows for a buyer with a different trade to come and relocate if they satisfy the city's standards and usage requirements, or they can purchase and rent to a suitable business. This property sits on a desirable location with heavy foot traffic. 2027 located couple miles from the Crenshaw/LAX Transit Project and the Baldwin Hills Crenshaw Plaza Master Plan Project. This pocket's target is to invest an estimate of $1B in the next 4-6 years. Other near businesses and retailers include Well's Fargo, McDonalds, US postal service, SOFI stadium (2mi), LAX airport (6.5mi), and Silicon Beach.

Interior Features

Laundry Information
Location(s) None
Bedroom Information
Bedrooms N/A
Bathroom Information
Bathrooms N/A

Listing Information

Address 2027 W Florence Avenue
City Los Angeles
State CA
Zip 90047
County Los Angeles
Listing Agent Daniel Terrazas DRE#02019893
Co-Listing Agent Rafael Alvarado DRE#02094533
Courtesy Of VIP Real Estate Firm
MLS DW24136417
List Price $1,395,000
Status Active
Type Commercial
Subtype Business
Structure Size N/A
Lot Size 7,500
Year Built 1951
DOM 14

Exterior Information

Maps

Listing information courtesy of: Daniel Terrazas, Rafael Alvarado, VIP Real Estate Firm . *Based on information from the Association of REALTORS/Multiple Listing as of Sep 16th, 2024 at 4:13 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.