Listing provided courtesy of Benjamin Lee of Marcus & Millichap. Last updated 2025-10-19 08:11:10.000000. Listing information © 2025 Sandicor.
Asking Price: $999,000 |
1412 Florence, Los Angeles CA 90047
Community: C36 - Metropolitan Southwest
This property was built in 1948 and is priced at $999,000. Please see the additional details below.
We are pleased to present 1412 W Florence Ave, a high-yield mixed-use investment in South Los Angeles. The property features five renovated apartment units with modern finishes and one ground-floor commercial space, delivered vacant and move-in ready with potential for an ADU conversion. Offered at a 9.12% CAP rate, 7.03 GRM, and just $166,500 per unit, the property delivers immediate double-digit cash-on-cash returns alongside durable long-term upside. Located on a well-traveled corridor with strong demographics, 1412 W Florence Ave combines stable residential income with visible retail exposure. It also qualifies for 100% bonus depreciation, creating meaningful tax advantages for new ownership.