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4272 Florence Avenue

Bell, CA 90201

– beds
– baths
– sqft
~3/4 acre lot
1920 build
– on site

DRAMATIC $500K PRICE REDUCTION!! This is a Street to Street lot from Florence Ave. To Walnut St. Consisting of 35,728 sq.ft.. 105 feet of street frontage on Florence The Northern half of the property is Zoned C-3R and the Southern 1/2 is zoned R3. The City Planing Department indicated that 24 Apartment units can be built on the site. Buyer to verify. This property has the same size lot and same zoning as the property located at 4324 Florence Blvd. . 4324 Florence blvd. is a 72 unit 46,399 sq. ft. property which is being run as a Senior Apartment Complex 4272 Florence Blvd. currently has just over 12,000 sq.ft of mixed use building built around 1920. 11.73 GRM at Market Rents There is a single story 8,675 sq. Ft (which also has an additional 3,100 sq. Of mezzanine storage space). The 8,675 sq. Ft building fronts Florence Ave and features 5 retail storefront units and 2 units that are rented as residential rental units. Then there is a 4 bedroom + 2 bath 2,100 sq.ft. house on Walnut St. Finally, a stand alone 2 story house of about 1,260 sq. Ft. Currently, total rent is a very low $9,410/mo The LA County property tax assessor recently appraised the property at $3.1M for property tax purposes.

Listed By CRMLS_CA / Michael Millea / Lyon Stahl Investment Real Estate, Inc. / 310-233-2800

Last checked: Checking… • Last updated Oct 29, 2024 •

MLS# SB24213441 —

This property is listed in more than one place. See it here, and here.

The Building

Year Built:

1920
Year Built Source:

Assessor
New Construction:

No
Entry Level:

1
Common Walls:

No Common Walls
Building Area Total:

12065.00
Building Area Units:

Square Feet
# of Buildings:

3
Total Number Of Units:

9
Stories Total:

2
# of Separate Gas Meters:

1
# of Separate Water Meters:

1
# of Separate Electric Meters:

10

Interior

Entry Location:

Front Door
Laundry:

None

Location

Directions:

Go East on Florence
Latitude:

33.97013500
Longitude:

-118.19212800

The Property

Property Type:

Residential Income
Subtype:

Commercial/Residential
Zoning:

BLC3R-R3*
Lot Features:

Level with Street, Rectangular Lot, Level, Near Public Transit
Lot Size Area:

35736.0000
Lot Size Acres:

0.8204
Lot Size SqFt:

35736.00
Lot Size Source:

Assessor
Additional Parcels:

No
Land Lease:

No

Listing Agent

Contact info:

Taxes

Tax Block:

Y
Tax Census Tract:

5336.03
Tax Tract:

349
Tax Lot:

22

The Listing

Special Listing Conditions:

Standard
Parcel Number:

6225004400

Utilities

Sewer:

Public Sewer
Water Source:

Public

The Community

Senior Community:

No
Features:

Sidewalks
Pool:

None
Private Pool:

No

Parking

Parking Spaces:

2.00
Garage Spaces:

2.00

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
10/29/24 Oct 29, 2024	Price Changed	CRMLS_CA	$1,995,000	-20.0%
10/15/24 Oct 15, 2024	Listed / Active	CRMLS_CA	$2,495,000

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This multifamily located in Southeast La, Bell, CA 90201 is currently for sale for $1,995,000. 4272 Florence Avenue is a – square foot multifamily with – beds and – baths that has been on Estately for 37 days. 4272 Florence Avenue is in the Southeast La neighborhood of Bell and has a WalkScore® of 78, making it very walkable. This multifamily is in the attendance area of Legacy Senior High Science Tech Engineering Arts Math, Orchard Academies 2b, Maywood Academy Senior High School, Bell Senior High, Legacy Senior High Visual And Performing Arts, and Jaime Escalante Elementary School.

Listing Courtesy of: CRMLS_CA and Lyon Stahl Investment Real Estate, Inc.. Based on information from California Regional Multiple Listing Service, Inc. as of 09:10 on Nov 21.

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.