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1508 W Florence AvenueLos Angeles, CA 90047

For Sale

$1,775,000

Smart Buyer Rebate $17,750

1508 W. Florence Avenue is a well-maintained six-unit multifamily investment property constructed in 1990. Importantly, the property is not subject to the City of Los Angeles Rent Stabilization Ordinance (RSO) due to its year of construction; however, it is subject to California's AB 1482 (Tenant Protection Act), providing investors with a more favorable regulatory framework than older, fully rent-controlled assets. The asset features a diverse and desirable unit mix consisting of two (2) one-bedroom/one-bath units, two (2) two-bedroom/one-bath units, and two (2) three-bedroom/one-bath units, totaling approximately 4,940 rentable square feet on a 5,902-square-foot lot. This balanced mix attracts a broad tenant base and helps mitigate vacancy risk. The property offers ample on-site gated parking and a secured gated entry, amenities that are increasingly important to tenants and supportive of strong occupancy. The central Florence Avenue location provides convenient access to major transportation corridors, employment centers, and neighborhood retail, with proximity to Inglewood, Downtown Los Angeles, and LAX.1508 W. Florence Avenue represents a durable, income-oriented investment offering regulatory flexibility, tenant appeal, and long-term appreciation potential in a core Los Angeles rental corridor.

Listed by Sam Grayeli

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License #01299288

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BRC Advisors- BH

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310-525-3711

Listed by Ian Hollinger

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License #01889125

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BRC Advisors- BH

Last updated February 04, 2026

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Source: CRMLS #26644131

Listing Facts

  • TypeMulti-family
  • NeighborhoodManchester Square
  • Bedrooms12
  • Days on Prevu94
  • Size4,910 sqft
  • Price per sqft$362

Amenities

  • Parking

Location

Mortgage Calculator

Listing History

01/27/2026
Listed by BRC Advisors- BH
$1,775,000

Property Details for 1508 W Florence Avenue

Exterior

Construction

  • Number Of Units Total: 6
  • Property Attached: Yes
  • Year Built: 1990
  • Common Walls: 1 Common Wall

Measurements

  • Building Area Total: 4,910
  • Lot Size Acres: 0.06
  • Lot Size Area: 2,951
  • Lot Size Dimensions: 25,118
  • Lot Size Square Feet: 2,951
  • Lot Size Units: Square Feet

Financial

Residential Income

  • Cap Rate: 7.16
  • Gross Income: $176,367.00

Taxes

  • Parcel Number: 6018006008

Interior

Features

  • Interior Features: Ceiling Fan(s)

Measurements

  • Living Area: 4,910

Rooms

  • Bathrooms Total Integer: 6
  • Bedrooms Total: 12

Parking

Parking

  • Open Parking Spaces: 12
  • Parking Total: 12

Utilities

Equipment

  • Heating: Wall Furnace
  • Has Heating: Yes

Frequently Asked Questions

How many bedrooms does this multi-family home have?

There are 12 bedrooms in this multi-family home at 1508 W Florence Avenue.

Does this multi-family home have parking?

Yes, there are 12 parking spaces available for 1508 W Florence Avenue.

How does 1508 W Florence Avenue compare to other multi-family homes in Manchester Square?

This multi-family home is listed 58% above the average price for multi-family homes in Manchester Square and has been on the market for 4 more days than the typical home in this area.

What is the square footage on this multi-family home?

According to the MLS, this listing is 4,910 sqft.

1508 W Florence Avenue is a 12-bedroom multi-family home for sale in Los Angeles CA 90047. Listed on Prevu for 94 days at $1,775,000. This property features 4,910 square feet of living space, located in Manchester Square. The median listing price for multi-family homes in this area is $830,000. Additional amenities include parking. Explore more multi-family home listings in Los Angeles.

Based on information from California Regional Multiple Listing Service, Inc. and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.