11449 Florence Avenue
Santa Fe Springs, CA 90670
- – beds
- – baths
- – sqft
- ~1 acre lot
- 1958 build
- – on site
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16 Unit investment opportunity zoned SSC1 ("neighborhood residential") consists of 14 residential income units of 28 beds & 37 baths (2/3BR; 11/2BR; 1/1BR) & 2 commercial spaces (currently being used for storage). There are 5 buildings estimated at 20,644 sqft total on 43,240 sqft lot, giving this mixed-use property 75% residential usage & 25% commercial usage. All but 3 of the residential units are rented, with one 3BR unit separately fenced w/a pool set up as an “owner” unit. The 2 commercial spaces, approx. 5,000 sqft of the total sqft, are currently unoccupied and in need of rehab. The City prefers that these be kept residential or, if commercial, converted to a Day Care or other neighborhood commercial business. Roughly 50% of the residential units are townhouse style w/inside individual laundry & private patios. Two of the 2BR units were recently upgraded w/new carpet, appliances & paint. All units have garages, carports, and ample off-street parking. Property is located close to the 605/5 freeway junction w/easy access to major transportation routes. Santa Fe Springs is home to 100 acres of recreational space & miles of greenbelts & parkways, making this an excellent investment opportunity with an upside in rent. Property is a probate sale and is sold AS IS.
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Last updated May 2, 2024
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MLS# PW18255618 —
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Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
1/16/19
Jan 16, 2019
|
Sold | CRMLS_CA | $3,200,000 | -20.0% |
|
12/7/18
Dec 7, 2018
|
Listed / Active | CRMLS_CA | $4,000,000 |