2024 W Florence Ave, Los Angeles, CA 90047 - View 1
2024 W Florence Ave, Los Angeles, CA 90047 - View 2
2024 W Florence Ave, Los Angeles, CA 90047 - View 3

2024 W Florence Ave, Los Angeles, CA 90047

List Price: $900,000On Market FlagOn market
Jan 27, 20252,091 sqft5 beds3 baths
Listed by: Shea Nelson
License #: 01349164
Phone #: 818-613-2586
Watkins Realty & Investments
Source:
CRMLS Logo
MLS #: 25489427

Property Description

Investor Opportunity: Assumable 2.25% FHA Loan + Seller Financing Purchase Price: $900,000 Assumable Loan: Existing FHA loan at 2.25% interest rate (subject to lender approval) Seller Financing: Seller is willing to carry back up to $120,000, with no payments for the first 12 months Property Highlights: Buyer will receive one 2-bedroom unit delivered vacant at closing $30,000 tenant buyout included in deal to secure vacancy Remaining two units are occupied and generate $2,736 in monthly rent Property is governed by the Los Angeles Rent Stabilization Ordinance (RSO) Located within a high-growth area near 2028 Olympic venuesPlease do not disturb tenants. Interior inspection of units only upon accepted offer.
Assignment
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Kevin Kretzmer
Kevin Kretzmer

Role: TurboHome Head Agent

Experience: 10 years

No. of Transactions: 227

“I specialize in helping clients find their dream home or next investment in California, focusing on residential and multi-family properties. My client-first approach, clear communication, and attention to detail ensure that everyone I work with receives exceptional service.”

TurboHome Fair Market Estimate

TurboHome

TurboHome Savings

$14,829

TurboHome Estimated Value

$944,300

$452 sqft

High Valuation
$991,515
$474/sqft
Normal Valuation
$944,300
$452/sqft
Low Valuation
$897,085
$429/sqft

3rd Party Estimates

Source$/sqftValuation
HouseCanary$452/sqft$944,300

Neighborhood: South Los Angeles

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Comparative Value

$689K

$750K

$775K

$850K

$900K

$1.00M

2047 W Florence Ave, Los Angeles, CA 90047

Sale Price: $689,000

Selected Comparable

1817 W 77th St, Los Angeles, CA 90047

Sale Price: $750,000

Selected Comparable

1601 W 69th St, Los Angeles, CA 90047

Sale Price: $775,000

Selected Comparable

7014 Haas Ave, Los Angeles, CA 90047

Sale Price: $850,000

Selected Comparable

2024 W Florence Ave, Los Angeles, CA 90047

List Price: $900,000

Subject Property

1858 W 78th St, Los Angeles, CA 90047

Sale Price: $1,005,000

Selected Comparable

Neighborhood Comps

Subject Property

SUBJECT
2024 W Florence Ave, Los Angeles, CA 90047

2024 W Florence Ave, Los Angeles, CA 90047

List: $900,000

Listed: 1/27/2025

Area:2,091 sqft
Price/sqft:$430
Beds:5
Baths:3
Year Built:
Lot Size:5,109

Comparable Properties

COMPARABLE
Choose comps
7014 Haas Ave, Los Angeles, CA 90047

7014 Haas Ave, Los Angeles, CA 90047

Sale: $850,000

2/19/20250.17 mi

Area:2,249 sqft
Price/sqft:$378
Beds:5
Baths:3
Year Built:
Weight:22.6%
1601 W 69th St, Los Angeles, CA 90047

1601 W 69th St, Los Angeles, CA 90047

Sale: $775,000

12/27/20240.58 mi

Area:1,992 sqft
Price/sqft:$389
Beds:5
Baths:3
Year Built:
Weight:21.5%
2047 W Florence Ave, Los Angeles, CA 90047

2047 W Florence Ave, Los Angeles, CA 90047

Sale: $689,000

3/25/20250.06 mi

Area:2,090 sqft
Price/sqft:$330
Beds:4
Baths:3
Year Built:
Weight:20.4%
1858 W 78th St, Los Angeles, CA 90047

1858 W 78th St, Los Angeles, CA 90047

Sale: $1,005,000

11/1/20240.42 mi

Area:2,022 sqft
Price/sqft:$497
Beds:4
Baths:3
Year Built:
Weight:18.0%
1817 W 77th St, Los Angeles, CA 90047

1817 W 77th St, Los Angeles, CA 90047

Sale: $750,000

5/29/20250.39 mi

Area:2,106 sqft
Price/sqft:$356
Beds:4
Baths:2
Year Built:
Weight:17.6%

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