Active
4272 Florence Avenue
Bell CA, 90201
$1,995,000
$165.35 per sqft
Active
12,065 sqft
Multi-family
Built in 1920
Listed by Michael Millea with Lyon Stahl Investment Real Estate, Inc. 310-233-2800
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.
SB24213441
MLSⓇ ID
October 15, 2024
Listed
October 30, 2024
Updated
Map
4272 Florence Avenue
Bell CA, 90201
Interior Features
Total Stories
2
Laundry Description
None
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
0.82 Acres
Lot Features
Level, Near Public Transit, Rectangular Lot, Street Level
Sewer
Public Sewer
Other Property Details
Area Name
T3 - Bell Gardens, Bell E of 710, Commerce S of 26
Days on Market
14
Garage
Yes
Garage Spaces
2
Parking Total
2
View
No
County
Los Angeles
Water Source
Public
Pool
No
Pool Features
None
Zoning
BLC3R-R3*
Listing History
Date | Event | Price |
|---|---|---|
10/29/2024 | Price change | $1,995,000 -21% |
Listing Contact: 310-425-9838
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 10/30/2024. 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, the 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. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
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Data last updated on 10/30/2024 at 11:25 AM UTC