2114 W Florence Avenue, Los Angeles, California 90047, Los Angeles, 90047 - bed, bath
2114 W Florence Avenue
Los Angeles, California 90047
Property Price
SUMMARY
Analysis of 2114 W Florence Avenue, Los Angeles, California 90047 is currently available with a list price of $699,990. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. 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.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
The property was built in 1955, making it an older structure. While the description states that 'all of them being updated/ remodeled except one' and the images confirm recent cosmetic updates in the shown units (new basic white kitchen cabinets, basic countertops, small new appliances, new wood-look vinyl plank flooring, fresh paint, and updated basic bathroom fixtures), these renovations appear to be functional and entry-level rather than extensive or high-quality. The bathroom tiling is basic, and the kitchens are compact and utilitarian. The overall property, despite these recent updates in most units, still reflects its 1955 build year, and the quality of the renovations is not sufficient to elevate it to a 'Good' rating, especially with one unit explicitly not updated. It is move-in ready for tenants but shows signs of being aged with basic, functional updates.
PROSSTRENGTHS & OPPORTUNITIES
- High & Stable Income
The property boasts a strong actual annual income of $78,600 with potential for $81,400, providing immediate and positive cash flow for investors.
- Government-Backed Tenants
A majority of tenants are supported by Section 8 or other government subsidies, ensuring highly reliable and consistent on-time rent payments.
- Income Growth Potential
Three units are currently due for rent increases, and there's additional income generated from three rented parking spots, offering immediate upside potential.
CONSRISKS & DEFICIENCIES
- Older Property & Deferred Maintenance
Built in 1955, the property is older, suggesting potential for aging infrastructure, systems, and the need for future capital expenditures, particularly for the one un-remodeled unit.
- Recent Price Reductions
The listing has undergone multiple price reductions from $729,990 to $699,990, which may indicate challenges in attracting buyers at previous price points or an initial overvaluation.
- Small Unit Sizes
With a total of 1166 sqft for a quadruplex (three studios and one 1-bedroom), the individual units are likely quite compact, which could limit the tenant pool or future rent growth potential compared to properties with larger units.
About 2114 W Florence Avenue
$81,400 annual income potential with ACTUAL INCOME OF $78,600 with GOVERNMENT VOUCHER TENANTS in place (all expect one tenant). This QUAD is great addition for any buyer/ investors who would like to have a positive cash flow from day way. ZONED FOR A MOTEL- BUYER TO VERIFY! The units are THREE studios and ONE - 1 bedroom 1 with all of them being updated/ remodeled except one with which has the longest staying tenant. All month to month tenants except one and 3 of them are due for a rent increase. Tenants are mix of section 8 and other government subsidies and one traditional tenant with all rents always being paid on time and super easy going tenants. The rents are $1750, $1600, and $950 for each studio and $1850 for the 1 bedroom (all section 8 or other government granted vouchers except the$950 paying tenant who's a traditional tenant. In addition, the 3 parking spots in the back are rented out to a separate entity at $400/ month with a 1 year lease agreement (8 months to go). A TOTAL OF $6500 monthly income or $78,30000/ annual income (including the parking's income). You wont find a more secured and better investment than this!
Property Details
Public Facts
- Property Type
- Quadruplex
- Year Built
- 1955
- Lot Size
- 2,553 Sq. Ft.
Interior
- Total Bedrooms
- -
- 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 • 0.1 mi
Raymond Avenue Elementary School
Grades K-5 • 1.0 mi
La Salle Avenue Elementary School
Grades K-5 • 1.3 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 50% |
| Baths | - | - | 50% |
| Square foot | 1,166 | 1,926 | 6% |
| Lot Size | 2,553 | 6,029 | 6% |
| Price | $700.0K | $830.0K | 17% |
| Price per sq ft | $600 | $410 | 94% |
| Built year | 1955 | 1944 | 78% |
| HOA | $0 | $0 | 50% |
| Days on market | 220 | 212 | 61% |
Pricing History
Listed for Sale
Sep 20, 2025
$699,990
$729,990
-4% Price Drop
Initial Listing
Price Change
Sep 4, 2025
$729,990
$729,900
+0% Price Increase
Initial Listing
Price Change
Aug 21, 2025
$729,900
$729,000
+0% Price Increase
Initial Listing
Price Change
Jul 29, 2025
$729,000
Initial Listing
Sold
Feb 21, 2014
$210,000
Public Record
Sold
Feb 17, 2006
$385,000
Public Record
Sold
Dec 30, 2002
$165,000
Public Record
Sold
Oct 6, 1998
$106,000
Public Record