Pending

4272 Florence Avenue

Bell CA, 90201

$1,995,000


$55.83 per sqft

Pending

0.82 Acres

Land

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.

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.

SB24213777

MLS ID

October 15, 2024

Listed

December 23, 2024

Updated

Map

4272 Florence Avenue
Bell CA, 90201

Exterior/Building Features

Lot Size

0.82 Acres


Lot Features

Level, Rectangular Lot, Street Level


Sewer

Public Sewer

Other Property Details

Area Name

T3 - Bell Gardens, Bell E of 710, Commerce S of 26


Taxes

$35,679


Tax Frequency

Annually


Days on Market

50


Garage

No


View

No


View Description

None


County

Los Angeles


Water Source

Public


Pool

No


Zoning

BLC3R-R3*

Listing History

Date

Event

Price

12/5/2024

Pending

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 12/23/2024. 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.

©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 12/23/2024 at 9:18 PM UTC

 

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