1649 W Florence, Los Angeles, California 90047, Los Angeles, 90047 - 0 bed, 0 bath
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Los Angeles, California 90047
Analysis of 1649 W Florence, Los Angeles, California 90047 is currently available with a list price of $895,000. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Los Angeles Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is new construction or fully renovated.
Despite the 1940 build date, the property has undergone an extensive recent renovation including brand-new residential units, updated electrical panels, new plumbing, and central HVAC. Interior finishes feature modern LVP flooring, recessed lighting, and updated bathrooms, meeting the criteria for a mint-condition renovation under 5 years old.
High School: Middle College High School (9/10).
The property offers immediate cash flow through a $2,500/month barbershop lease and $200/month billboard income, plus two vacant residential units ready for market-rate leasing.
Extensively renovated with new electrical, plumbing, and central HVAC, the property features a brand-new 2-bedroom unit and a remodeled 3-bedroom residence, minimizing immediate capital expenditure.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =3000, other record lot size in square feet = 2676. Living area discrepancy between mls listing and other public or private record. mls listing living area = 1700, other record living area = 1042.
With a lot size of only 3,000 square feet for multiple units and a commercial storefront, the property may have constrained parking options and minimal private outdoor space.
The majority of assigned and nearby public schools carry low performance ratings (ranging from 1 to 3), which may impact the property's appeal to long-term residential tenants with families.
Exceptional Mixed-Use Investment Opportunity! This versatile income-producing property features a remodeled barbershop in the front currently generating $2,500 per month, along with an additional $200 per month in billboard income, creating multiple streams of revenue. Behind the commercial space are two vacant residential units, offering immediate rental income potential or owner-occupancy flexibility. The residential portion includes a beautifully remodeled 3-bedroom, 1-bath residence and a brand-new 2-bedroom, 1-bath unit, both thoughtfully designed with modern finishes and equipped with central air conditioning and heating for year-round comfort. Each unit features convenient indoor laundry and has been extensively upgraded with new electrical panels, new plumbing, new flooring, recessed lighting, and fresh interior and exterior paint. This turnkey property presents a rare opportunity for investors seeking strong cash flow and future rental upside, or for owner-users looking to live on-site while benefiting from multiple income streams. With established commercial income, billboard revenue, and two vacant residential units ready for immediate occupancy or leasing, this is a truly unique mixed-use asset with exceptional potential. Don't miss out on this one-of-a-kind investment opportunity!
No exterior & parking available.
Grades K-5 • 0.5 mi
Grades K-5 • 0.6 mi
Grades K-5 • 1.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 0.0 |
| Baths | 0.0 | 1.0 |
| Square foot | 1,700 | 2,864 |
| Lot Size | 3,000 | 7,003 |
| Price | $895.0K | $1.58M |
| Price per sq ft | $526 | $319 |
| Built year | 1940 | 1929 |
| HOA | $0 | $907 |
| Days on market | 40 | 91 |
Jun 15, 2026
$895,000
Initial Listing
Jan 18, 2017
$200,000
Public Record
May 29, 2014
$195,000
Public Record
Apr 18, 1996
$29,000
Public Record