2930 W Florence, Los Angeles, California 90043, Los Angeles, 90043 - 3 bed, 2 bath
Loading property details...
Los Angeles, California 90043
This Multi-Unit Value-Add Asset is listed at $949,900, reflecting its Substantial Income Potential despite a $846,029 Fair Market Value. The property features a primary residence plus three additional units—one 1-bedroom and two studios—offering a rare House-Hacking Opportunity or ADU conversion play. While in Fair Condition and sold As-Is, the Zoning Versatility and proximity to SoFi Stadium and the Metro Line ensure high rental demand. Access to the top-rated Middle College High School adds unique residential value. This is a strategic acquisition for Buy-and-Hold Investors or Owner-Occupants.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2930 W Florence Subject | $949,900* List Price | 3 | 2 | 1,200 | $719 | - |
A 6418 3rd Avenue Sold | $829,000 | 3 | 2 | 1,158 | $716 | 0.6 mi |
B 2429 W 73rd Street Sold | $800,000 | 3 | 2 | 1,236 | $647 | 0.3 mi |
C 7316 10th Avenue Pending | $715,000 List Price | 3 | 2 | 1,280 | $559 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1954, the property has received critical infrastructure updates including new plumbing and sewer lines, but the interior remains largely dated and is being sold in 'As-Is' condition. While functional and maintained, the presence of non-conforming units and the lack of a comprehensive modern renovation to the kitchen and bathrooms align with a fair condition rating.
High School: Middle College High School (9/10).
The property includes three additional units—one non-conforming 1-bedroom and two studios—providing an immediate opportunity for rental income or conversion into legal ADUs to maximize ROI.
Situated near the new Metro Line, SoFi Stadium, and the Intuit Dome, the property is positioned in a high-demand area poised for significant long-term appreciation and visibility.
The additional units are currently non-conforming and the property is sold in as-is condition, placing the burden of legalization and potential repairs entirely on the buyer.
The local public schools carry low performance ratings, which may deter family-oriented buyers and impact the property's appeal to a broader residential demographic.
Charming Local Home with Income Potential and Commercial Opportunity This charming single-family home is a must-see! Featuring 3 bedrooms and 2 bathrooms, this property sits on a deep, spacious lot with ample parking and a large double garage for extra storage. A private garden area adds a touch of serenity to the property. Located on highly visible Florence Avenue, the lot is zoned SFR but offers exceptional versatility — perfect for live/work use or small business operations. The home also includes three additional income-producing units, consisting of one non-conforming 1-bedroom/1-bath unit and two studios. These can easily be converted into legal ADUs, offering even greater potential for future income. Recent upgrades include new plumbing throughout, a new sewer line, and clean-out. Appliances may be included upon request. Additionally, a profitable roofing business currently operating on-site can be included in the sale for buyers interested in a combined purchase (see private remarks for details). Ideally situated near the new Metro Line, The Forum, Sofi Stadium, Intuit Dome, YouTube Theater, and the Hollywood Park Development, this property offers endless opportunity and convenience. Property is being sold As-Is. Buyer to verify all details.
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades K-6 • 0.5 mi
Grades K-5 • 0.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,200 | 1,444 | 27% |
| Lot Size | 5,701 | 6,270.5 | 34% |
| Price | $949.9K | $850.0K | 60% |
| Price per sq ft | $792 | $623 | 89% |
| Built year | 1954 | 1927 | 96% |
| HOA | $0 | $0 | 50% |
| Days on market | 174 | 168 | 56% |
Feb 25, 2026
$949,900
$980,000
-3% Price Drop
Initial Listing
Oct 30, 2025
$980,000
Initial Listing
Mar 18, 2005
$300,000
Public Record
May 4, 2004
$185,000
Public Record