1701 W Florence Ave, Los Angeles, California 90047, Los Angeles, 90047 - 0 bed, 0 bath
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1701 W Florence Ave
Los Angeles, California 90047
ACTIVE
CONDITION: POOR
0Beds
0Baths
3,314Sq Ft
5,568Lot Size
Property Price
LIST PRICE$900,000
EST. MARKET VALUE
$853,961
5% AboveMARKET VALUE
SUMMARY
This mixed-use property presents a High-Potential Investment Opportunity with a List Price of $900,000—positioned well below the $853,962 Fair Market Value by -5%. Featuring three commercial storefronts and three residential units, this asset offers a diversified income stream. With a Condition Rating of 5, the property requires significant capital improvements to address aging infrastructure and electrical systems. This is a strategic acquisition for Buy-and-Hold Investors or Value-Add Developers seeking to maximize rental yields through renovation.
Estimated Market Value
$853,961
Based on Realkey algorithm analyzing recent comparable sales in Los Angeles.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1701 W Florence Ave Subject 0 bd · 0 ba · 3,314 sqft · $258 | $900,000* List Price | 0 | 0 | 3,314 | $258 | - |
A 7500 S Wester Ave Active 1 bd · 1 ba · 3,356 sqft · $209 · 0.2 mi | $700,000 List Price | 1 | 1 | 3,356 | $209 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Built in 1942 (>80 years old) with no record of recent major renovation. Interior photos reveal safety concerns including exposed electrical wiring and unfinished ceiling patches. The presence of window AC units and dated storefront infrastructure suggests original or aged systems that require significant rehabilitation to meet modern standards.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
High School: Middle College High School (9/10).
- Diversified Income Stream
The mixed-use configuration featuring three commercial storefronts and three residential units provides a balanced portfolio, spreading investment risk across multiple tenant types.
- Strategic Layout and Access
The property offers high-visibility commercial frontage on Florence Avenue while maintaining residential privacy with a separate entrance on Harvard Boulevard, optimizing the utility of both asset classes.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 3314, other record living area = 4217.
- Aging Infrastructure
Built in 1942, the property likely requires significant capital improvements or deferred maintenance updates to meet modern building standards and maximize rental upside.
- Low-Rated Local Schools
The immediate area is served by schools with ratings as low as 1 and 2 out of 10, which may limit the residential tenant pool and impact long-term property appreciation.
About 1701 W Florence Ave
Excellent mixed use investment property 3 commercial storefronts on Florence Street Ave and 3 residential units acccessed via Harvard blvd. great rental property retail rent and residential rent great opportunity to add a great mixed use property to your portfolio. priced to sell.
Property Details
Public Facts
- Property Type
- Mixed Use
- Year Built
- 1942
- Lot Size
- 5,568 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Los Angeles Unified Schools
Seventy-Fourth Street Elementary School
Grades K-5 • 0.5 mi
3/10
Raymond Avenue Elementary School
Grades K-5 • 0.5 mi
3/10
Budlong Avenue Elementary School
Grades K-5 • 1.0 mi
3/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 11.0 |
| Baths | 0.0 | 5.7 |
| Square foot | 3,314 | 4,165.789 |
| Lot Size | 5,568 | 6,696 |
| Price | $900.0K | $956.9K |
| Price per sq ft | $272 | $273 |
| Built year | 1942 | 1937 |
| HOA | $0 | $907 |
| Days on market | 7 | 134 |
Pricing History
Listed for Sale
Nov 2, 2026
$900,000
Initial Listing