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$1,050,000

  • For Sale
  • Active
  • Multi-Family
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247 W Florence Avenue presents an opportunity to acquire a mixed-use investment property in South Los Angeles. The asset consists of eight total units, including (5) one-bedroom/one-bath residential units and (3) ground-floor commercial spaces, offering a diverse income stream. Priced at $131,250 per unit and $163 per square foot, the property provides an attractive basis for investors. The property is currently operating at a 6.04% cap rate and 8.77 GRM, with approximately 40% rental upside, presenting a strong opportunity to increase cash flow through rent adjustments and operational improvements. The property is located along the active Florence Avenue corridor in South Los Angeles, offering convenient access to Downtown Los Angeles, University of Southern California, and major transportation routes including Interstate 110 and Interstate 105, connecting tenants to employment centers and amenities throughout the city.

Full Property Details for 247 W Florence

General

  • Price: $1,050,000
  • Status: Active
  • Type: Multi-Family
  • Source: MRMLS
  • MLS ID: SB26085337
  • Updated: 4/21/2026
  • Days on Market: 36 days
  • Added to Site: 36 day(s) ago

Rooms

Other Rooms

  • Laundry: None

Additional Information

  • Pool Description: None

Parking

  • Garage Spaces: 4

Location

  • Area: C42 - Downtown L.A.
  • County: Los Angeles
  • Development Name: C42 - Downtown L.A.
  • Driving Directions: West of Main Street and East of Broadway

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • # Water Meters: 1
  • # Gas Meters: 8
  • # Electric Meters: 8

Structural Information

  • Entry Location: Front
  • Square Feet: 6,410
  • Year Built: 1919

Unit Information

Unit 1

  • Number of Units: 1
  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 2

  • Number of Units: 1
  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 3

  • Number of Units: 1
  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 4

  • Number of Units: 1
  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 5

  • Number of Units: 1
  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 6

  • Number of Units: 1

Unit 7

  • Number of Units: 1

Unit 8

  • Number of Units: 1

Lot Features

  • Lot Size (Acres): 0.137
  • Lot Size (Sq. Ft.): 5,969
  • Lot Size Source: Assessor
  • Lot Description: 0-1 Unit/Acre

Financial Considerations

  • Price Per Sq. Ft.: $163.81
  • Price Per Unit: 131250

Listed by Lyon Stahl Investment Real Estate, Inc., Aaron Jacobson and Lyon Stahl Investment Real Estate, Inc., William James

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Listing agents

— 247 W Florence —

  • Aaron Jacobson

    Lyon Stahl Investment Real Estate, Inc.

  • William James

    Lyon Stahl Investment Real Estate, Inc.

310-729-1559

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 247 W Florence

School District:Los Angeles Unified School District
NameGradesDistance
Gil Garcetti Learning Academy
612 West 68th Street, Los Angeles, CA 90044
K-60.4 mi
Mary Mcleod Bethune Middle School
155 West 69th Street, Los Angeles, CA 90003
7-80.2 mi
John C. Fremont Senior High School
7676 San Pedro Street, Los Angeles, CA 90003
9-120.6 mi
Academy For Multiligual Arts And Science At Mervyn M. Dymally High
8800 San Pedro Street, Los Angeles, CA 90003
9-121.4 mi
Public Service Community At Diego Rivera Learning Complex
6100 South Central Avenue, Los Angeles, CA 90001
9-121.4 mi
Communication And Technology At Diego Rivera Learning Complex
6100 South Central Avenue, Los Angeles, CA 90001
9-121.4 mi
Green Design At Diego Rivera Learning Complex
6100 South Central Avenue, Los Angeles, CA 90001
9-121.4 mi
Performing Arts Community At Diego Rivera Learning Complex
6100 South Central Avenue, Los Angeles, CA 90001
9-121.4 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 247 W Florence Get Price Alerts and Save Property

Date
Details
Price
Change
Source
4/21/2026
Listed
$1,050,000
-16%
MLS
10/31/2018
Sold
$1,250,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 247 W Florence

Year
Property Taxes
Change
Tax Assessment
Change
2025
$17,529
3%
$1,394,394
4%
2023
$16,945
5%
$1,340,250
2%
2022
$16,173
1%
$1,313,971
2%
2021
$15,949
-1%
$1,288,208
1%
2020
$16,103
4%
$1,275,000
2%
2019
$15,480
128%
$1,250,000
144%
2018
$6,795
2%
$511,608
2%
2017
$6,656
3%
$501,577
2%
2016
$6,437
1%
$491,743
2%
2015
$6,350
-1%
$484,357
2%
2014
$6,387
—
$474,870
—
2013
$6,387
—
$472,724
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 247 W Florence

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Listed by Lyon Stahl Investment Real Estate, Inc., Aaron Jacobson and Lyon Stahl Investment Real Estate, Inc., William James

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247 W Florence, Los Angeles, CA 90003 (MLS# SB26085337) is a Multi-Family property with 8 units containing 0 bedrooms and 0 full bathrooms. 247 W Florence is currently listed for $1,050,000 and was received on April 21, 2026. Want to learn more about 247 W Florence? Do you have questions about finding other Multi-Family real estate for sale in Downtown L.A.? You can browse all Downtown L.A. real estate or contact a Coldwell Banker agent to request more information.

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