2 months on rocket

2422 W Florence Ave, Los Angeles, CA, 90043

$699,000

Home List Price

$8,301*

Closing Credit

5 Bedrooms
2 Baths
1,066 SqFt
$656/SqFt
House

Location

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2422 W Florence Ave, Los Angeles$699,000

Buyer Closing Credits

$8,301*

1.25% Loan Amount

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Property Highlights

Home TypeOther
ParkingGated
Year Built1955
HeatingCentral
CoolingNone
FireplaceNone
ViewNone
MLS #24430687
Lot Size0.13 Acres
StatusActive

About 2422 W Florence Ave

DELIVERED VACANT AT CLOSE OF ESCROW! Located in a prime location near vibrant Inglewood and just moments from SoFi Stadium and Intuit Stadium, this commercially zoned duplex is a standout investment opportunity. Currently, the property generates substantial monthly rental income of $6,000 from its existing residential units. This income stream provides immediate cash flow while laying the groundwork for future development. Beyond its financial prospects, the property offers significant room for growth. There's ample space on the lot to add a third unit or an ADU (Accessory Dwelling Unit), offering additional rental income potential. Ample parking enhances the property's practicality and appeal. What sets this property apart is its potential for expansion and transformation. It comes with approved plans and RTI (Ready-To-Issue) permits for a modern, three-story apartment building that can accommodate either three or four units. This flexibility allows investors and developers to capitalize on its commercial zoning, enhancing its value proposition. Moreover, the location is prime for capitalizing on the dynamic growth of Inglewood. With nearby entertainment venues, shopping options, and easy access to major freeways, residents will enjoy convenience and accessibility. One of the most compelling features of this offering is that it will be delivered vacant at the close of escrow. This means new owners can move swiftly with their development plans without the constraints of existing leases, maximizing their flexibility and timeline. This property represents a rare blend of current income and expansive future potential. Whether you're looking to invest in income-generating rental units, develop a modern apartment building, or explore the possibilities of commercial zoning, this opportunity should not be missed.

Property Details

Property Features

Property Information:

  • Architectural Style: See Remarks
  • Year Built: 1955
  • Stories: 1
  • Living Area: 1,066 SqFt

Listing Office:

  • Office Name: Compass
  • Office Phone: (310) 499-2020
  • Listing Agent: Stephanie Younger

Interior Features

Interior Information:

  • Appliances: Range, Dryer, Washer
  • Fireplace: None

Bedroom and Bathroom Information:

  • Total Bedroom Count: 5

Exterior Features

Exterior Information:

  • Private Pool: No
  • View: None

Parking Information:

  • Parking: Gated

Lot Features

Lot Information:

  • Lot Size: 0.13 Acres

Utilities

Utilities Information:

  • Heating: Central
  • Cooling: None

Other

Directions Information:

  • Directions: West of Crenshaw Blvd., East of Van Ness Ave. South of Hyde Park Blvd., North of Manchester Ave.

Price Information

Listing Price Info

Price Summary:

  • List Price: $699,000
  • Price Per SqFt: $656/SqFt

Tax Information:

  • Annual Amount: $6,147
  • 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

2422 W Florence Ave vs Los Angeles

84 DAYS ON ROCKET

+46 Days

$699,000

-$324.4K Less

$656/SqFt

+$15 More

KEY TAKEAWAY

This property is $324.4K less than the Median Sold Price and $15/SqFt more 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: #24430687

Listing Office:

  • Office Name: Compass
  • Office Phone: (310) 499-2020
  • Listing Agent: Stephanie Younger

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: 11/21/2024, 8:20:51 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Jan 30, 2019Home Sold
$472,000
Nov 13, 2006Home Sold
$400,000
Feb 22, 2006Home Sold
$340,000

Tax History

YEARPROP. TAXASSESSMENT
2021$6,147$486,169
2020$6,073$481,185
2019$5,953$480,409
2018$5,829$470,991
2017$5,829$461,757

History based on county public records data.

Payment Calculator

$3,556

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,162

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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-419607
5
/10

  • Learning by Design Charter

  • 7019 S Van Ness Ave

  • 0.18 miles

  • Public Charter Grades KG-5

school-card-donut-419608
5
/10

  • 74th Street Elementary School

  • 2112 W 74th St

  • 0.30 miles

  • Public District Grades KG-5

school-card-donut-419609
4
/10

  • Young Empowered Scholars Academy

  • 3140 Hyde Park Blvd

  • 0.59 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 $17,381. The most common annual income of people living in Los Angeles, CA is less than $35k. Residents typically live in single, no kids family. Most residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 2422 W Florence Ave

What is the listing price of this property?

The listing price of 2422 W Florence Ave property is $699,000.

What type of property is this?

The property 2422 W Florence Ave is a house located in Los Angeles, California, 90043.

Is this property for sale now?

Active Listing: 2422 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 $6,147 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on January 30, 2019 for $472,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 2422 W Florence Ave has 5 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 2422 W Florence Ave is 1,066 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 2422 W Florence Ave is 1955.

Rocket Homes›California›Los Angeles County›Los Angeles›90043›2422 W Florence Ave

This home is located at 2422 W Florence Ave in Los Angeles, CA and zip code 90043 in the South LA neighborhood. This 1,066 square foot home, which was built in 1955, sits on a 0.13 acre lot. Features: 5 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since August 29, 2024 and is currently priced at $699,000.

In October 2024 more than 598 listings in Los Angeles, CA were sold above the asking price. During the same period more than 191 listings were sold at asking price, while more than 753 were sold below. Between September 2024 and October 2024, Los Angeles, CA real estate market has seen increase in the number of listings by 11.2%. In October 2024 median list price was $1,023,474 and the average listing age was 38 days.

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

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