1101 Florence AveLos Angeles, CA 90044
- Gas stations
- 70 SF
Property Details for 1101 Florence Ave
- Year built
- 1958
- Lot size
- 0.22 AC
- Property size (Sq ft)
- 70 SF
- Zone code
- LCM1*
- Property type
- Gas stations
- APN
- 6010-015-038
- APU
- 6010015038
Description
This exceptional 5,683 square foot property located at 1101 W Florence Ave, Los Angeles, CA 90044, presents a unique investment opportunity. Built in 1912, this single-story building sits on a 7,864 square foot lot and is zoned LA C-2, allowing for potential redevelopment into up to 19 units. Currently configured as a religious facility, the property offers significant potential for various uses, including educational purposes or adaptive reuse. The asking price is $1,895,000, translating to $333.45 per square foot. The property boasts a single unit and features a total of one building. The APN is 6014-035-016. The property is currently vacant with an occupancy date of June 18, 2024. This is a rare chance to acquire a piece of Los Angeles history with significant upside potential. The property has already received TOC Tier III and ED-1 Fast Track status, streamlining the redevelopment process. A virtual tour is available.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $23,939.70
- 6.5%
- $22,098.20
- 7%
- $20,519.80
-
Comparable approach
- Method
- Valuation
- Relative Method
- $13,843.60
- Geo Method
- $13,843.60
-
Alternative Use
- Use
- Valuation
- Industrial / Distribution
- $43,909.10
- Mixed-Use / Specialty
- $21,689.90
- Hospitality / Lodging
- $15,484.20
- Office
- $21,217.90
- Institutional / Educational
- $22,431
- Residential Income
- $26,244.30
- Multifamily
- $33,302.80
- Automotive / Energy
- $19,226.60
- Parking / Income-Based Land
- $6,960.41
- Restaurant / Food Service
- $10,577.90
- Healthcare / Senior Housing
- $22,580.50
Location Insight
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Latitude
- 33.975
- Longitude
- -118.256
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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