3520 W Florence Ave, Los Angeles, CA 90043
Los Angeles, CA$2,100,000
Property Description
INVESTMENT HIGHLIGHTS
- RTI Development for 22 Units in the growing pocket of Hyde Park
- Ideal unit mix for today’s renters, (13) 1-Bed/1-Bath and (9) 2- Bed/2-Bath Units!
- Spacious floorplans averaging 800 Sq. Ft per Unit.
- Vacant and Shovel Ready
- Walk Score of 70 (Very Walkable), perfect for tenants
- Minutes from Inglewood’s new SoFi Stadium, Intuit Dome and the Kia Forum
EXECUTIVE SUMMARY
3520 W Florence Ave is an RTI Development for 22 Units located in Los Angeles, CA 90043. The proposed construction will be comprised of (13) 1-Bed/1-Bath and (9) 2-Bed/2-Bath Units. The size of the proposed building is 20,028 Sq. Ft on an 11,051 Sq. Ft Lot zoned R3 with a Tier 3 TOC Density Bonus. The property is right off the corner of Florence Ave and Crenshaw Blvd.
Property Features
- Sale Price: $2,100,000
- Land Area: 11,051 Sq. Ft.
- Listing Date: 11/30/2022
- Units: 22
- Current GRM: 15.39
- Current Cap Rate: 4.48%
- Price Per Unit: $454,545
- Market GRM: 15.39
- Market Cap Rate: 4.48%
