11
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$1,995,000
Est. payment /mo
0.82 Acres Lot
Price Dropped by $500K
4272 Florence AVE Bell, CA 90201
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UPDATED:
10/29/2024 05:03 PM
Key Details
Property Type Multi-Family
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID SB24213441
HOA Y/N No
Year Built 1920
Lot Size 0.820 Acres
Property Description
DRAMATIC $500K PRICE REDUCTION!! This is a Street to Street lot from Florence Ave. To Walnut St. Consisting of 35,728 sq.ft.. 105 feet of street frontage on Florence
The Northern half of the property is Zoned C-3R and the Southern 1/2 is zoned R3. The City Planing Department indicated that 24 Apartment units can be built on the site. Buyer to verify. This property has the same size lot and same zoning as the property located at 4324 Florence Blvd. . 4324 Florence blvd. is a 72 unit 46,399 sq. ft. property which is being run as a Senior Apartment Complex
4272 Florence Blvd. currently has just over 12,000 sq.ft of mixed use building built around 1920. 11.73 GRM at Market Rents
There is a single story 8,675 sq. Ft (which also has an additional 3,100 sq. Of mezzanine storage space).
The 8,675 sq. Ft building fronts Florence Ave and features 5 retail storefront units and 2 units that are rented as residential rental units.
Then there is a 4 bedroom + 2 bath 2,100 sq.ft. house on Walnut St.
Finally, a stand alone 2 story house of about 1,260 sq. Ft.
Currently, total rent is a very low $9,410/mo
The LA County property tax assessor recently appraised the property at $3.1M for property tax purposes.
The Northern half of the property is Zoned C-3R and the Southern 1/2 is zoned R3. The City Planing Department indicated that 24 Apartment units can be built on the site. Buyer to verify. This property has the same size lot and same zoning as the property located at 4324 Florence Blvd. . 4324 Florence blvd. is a 72 unit 46,399 sq. ft. property which is being run as a Senior Apartment Complex
4272 Florence Blvd. currently has just over 12,000 sq.ft of mixed use building built around 1920. 11.73 GRM at Market Rents
There is a single story 8,675 sq. Ft (which also has an additional 3,100 sq. Of mezzanine storage space).
The 8,675 sq. Ft building fronts Florence Ave and features 5 retail storefront units and 2 units that are rented as residential rental units.
Then there is a 4 bedroom + 2 bath 2,100 sq.ft. house on Walnut St.
Finally, a stand alone 2 story house of about 1,260 sq. Ft.
Currently, total rent is a very low $9,410/mo
The LA County property tax assessor recently appraised the property at $3.1M for property tax purposes.
Location
State CA
County Los Angeles
Area T3 - Bell Gardens, Bell E Of 710, Commerce S Of 26
Zoning BLC3R-R3*
Interior
Fireplace No
Laundry None
Exterior
Garage Spaces 2.0
Garage Description 2.0
Pool None
Community Features Sidewalks
Total Parking Spaces 2
Private Pool No
Building
Lot Description Level, Near Public Transit, Rectangular Lot, Street Level
Story 2
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 6225004400
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Special Listing Condition Standard
Listed by Michael Millea • Lyon Stahl Investment Real Estate, Inc. • 310-233-2800
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