1946 West Florence Ave
Hyde Park with TOC Tier 2
Desirable Transit Oriented Communities Tier 2 Area
Marcus & Millichap is pleased to offer for sale 1946 West Florence Avenue in the highly sought-after neighborhood of Hyde Park. This 7 unit property in located in the desired Transit Oriented Communities (TOC) Tier 2 area, nearby the Crenshaw/LAX Metro light rail line.
This well-maintained building has seven spacious units with a diverse mix of one bedroom/one bathroom and two bedroom/one bathroom, all within 4,770 rentable square feet. This property was flagged for soft story retrofit and no accommodation have been made towards it. It has one non-permitted unit rented out for $300 monthly. The property has long term tenants and they are paying under market rent.
This property will appeal to an investor looking for value add opportunity with achievable upside in rents in a neighborhood with tremendous growth.
Building Size: 4,770 SF
Lot Size: 5,101 SF (0.12 ACRES)
Number of Units: 7
Year Built: 1955
Well Maintained Property
Potential Upside in Rents
TOC Tier 2