5 months on rocket

1509 W Florence Ave, Los Angeles, CA, 90047

$899,000

Home List Price

$10,000*

Closing Credit

3 Bedrooms
2 Baths
2,288 SqFt
$393/SqFt
House

Location

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1509 W Florence Ave, Los Angeles$899,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeOther
ParkingCarport
Year Built1937
HeatingWall Furnace
CoolingNone
ViewNone
MLS #24404562
Lot Size0.11 Acres
StatusActive

About 1509 W Florence Ave

Great development opportunity near the Hollywood Park entertainment complex, SOFI stadium and the Florence/Crenshaw Metro Line. Eligible for new CHIP ordinance that can allow additional 50% density increase and significant parking reductions (See Docs). Zoned LAC2, TOC Tier 1, ED1 Eligible. Adjacent parcel also for sale at 1513 W Florence Blvd. Bringing total lot area to 11,246. Property consists of two separate buildings. A 1412 sq ft front building and a 876 sq ft rear building. The property addresses are 1509,1511 and 1511 1/2. All information provided deemed reliable but not guaranteed. Buyer and buyers agent to verify all information with the city and county zoning and planning for accuracy. Some alterations to the units were done without permit. Check with the city to satisfy any questions or concerns.

Property Details

Property Features

Property Information:

  • Year Built: 1937
  • Stories: 1
  • Living Area: 2,288 SqFt

Listing Office:

  • Office Name: RE/MAX ESTATE PROPERTIES
  • Office Phone: (310) 577-5300
  • Listing Agent: Shamim Khorsand Mashhadi

Interior Features

Interior Information:

  • Appliances: Refrigerator, Dryer, Washer

Bedroom and Bathroom Information:

  • Total Bedroom Count: 3

Exterior Features

Exterior Information:

  • View: None

Parking Information:

  • Parking: Carport

Lot Features

Lot Information:

  • Lot Size: 0.11 Acres

Utilities

Utilities Information:

  • Heating: Wall Furnace
  • Cooling: None

Other

Directions Information:

  • Directions: 110 N. to Florence exit heading West, property is on the right hand side.

Price Information

Listing Price Info

Price Summary:

  • List Price: $899,000
  • Price Per SqFt: $393/SqFt

Tax Information:

  • Annual Amount: $1,909
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Los Angeles, CA.

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Los Angeles, CA

City

Med. Sold Price

$1.0M

Med. Price/SqFt

$640

Avg. Days On Market

38

# of Sold Homes

1542

1509 W Florence Ave vs Los Angeles

150 DAYS ON ROCKET

+112 Days

$899,000

-$124.4K Less

$393/SqFt

-$248 Less

KEY TAKEAWAY

This property is $124.4K less than the Median Sold Price and $248/SqFt less than other homes in Los Angeles, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #24404562

Listing Office:

  • Office Name: RE/MAX ESTATE PROPERTIES
  • Office Phone: (310) 577-5300
  • Listing Agent: Shamim Khorsand Mashhadi

IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) 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. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/14/2024, 6:21:05 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$1,909$122,612
2020$1,862$121,356
2019$1,749$118,978
2018$1,719$116,646
2017$1,719$114,360

History based on county public records data.

Payment Calculator

$4,554

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,762

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-125580
4
/10

  • Raymond Avenue Elementary

  • 7511 Raymond Ave

  • 0.34 miles

  • Public District Grades KG-5

school-card-donut-125581
3
/10

  • Gerald A. Lawson Academy

  • 929 W 69th St

  • 0.69 miles

  • Public District Grades KG-6

school-card-donut-125582
5
/10

  • 74th Street Elementary School

  • 2112 W 74th St

  • 0.77 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $23,857. Residents of Los Angeles, CA typically earn less than $35k each year. Most families are married, with kids. The most common level of education of people living in this area is high school diploma.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 1509 W Florence Ave

What is the listing price of this property?

The listing price of 1509 W Florence Ave property is $899,000.

What type of property is this?

The property 1509 W Florence Ave is a house located in Los Angeles, California, 90047.

Is this property for sale now?

Active Listing: 1509 W Florence Ave is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $1,909 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 1509 W Florence Ave has 3 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 1509 W Florence Ave is 2,288 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 1509 W Florence Ave is 1937.

Rocket Homes›California›Los Angeles County›Los Angeles›90047›1509 W Florence Ave

This home is located at 1509 W Florence Ave in Los Angeles, CA and zip code 90047 in the South LA neighborhood. This 2,288 square foot home, which was built in 1937, sits on a 0.11 acre lot. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since June 17, 2024 and is currently priced at $899,000.

While more than 598 listings in Los Angeles, CA in October 2024 were sold above asking price, there were more than 191 listings sold at asking price, and more than 753 were sold below. The inventory of homes for sale in Los Angeles, CA between September 2024 and October 2024 increased by 11.2%. In October 2024, listings were on the market for 38 days. During the same period, the median list price in this real estate market was $1,023,474.

From Rocket Homes Real Estate and based on county public records data.

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