Welcome to an exceptional development opportunity located at 3520 W Florence Ave in Los Angeles. This vacant parcel presents a promising canvas for investors and developers seeking to capitalize on the burgeoning real estate market in this vibrant city. Situated in a strategic location, the property offers convenient access to major thoroughfares, amenities, and attractions, making it an ideal investment opportunity. With Ready-To-Issue (RTI) plans already in place for the construction of a 20,028 square foot building on an 11,051 square foot lot, comprising 22 units, this offering provides a streamlined pathway to commence development immediately upon acquisition. The property's prime location and zoning make it an attractive prospect for investors looking to meet the high demand for housing in Los Angeles. Priced at $1,995,000, this opportunity offers significant potential for profitability, whether leveraging the strong rental market or catering to the growing demand for homeownership. Don't miss out on this rare chance to acquire a vacant parcel with RTI plans in place, allowing for expedited development and potential profitability. With the dynamic real estate landscape of Los Angeles, this opportunity is not to be overlooked
Property Details
Property Features
Listing Office:
Office Name: Lyon Stahl Investment Real Estate, Inc.
Office Phone: (310) 729-1559
Listing Agent: Aaron Jacobson
Exterior Features
Exterior Information:
View: Other
Lot Features
Lot Information:
Lot Size: 0.25 Acres
School Info
Assigned Schools Information:
Crenshaw Sci, Tech, Engr, Math and Med Magnet, Public Magnet Grades 9-12
Math, Science, & Technology Magnet Academy at Roosevelt High School, Public Magnet Grades 9-12
Daniel Pearl Journalism & Communications Magnet, Public Magnet Grades 9-12
View Park Preparatory Accelerated Charter Middle School, Public Charter Grades 6-8
Studio, Public District Grades 6-8
Seventy-Fourth Street Elementary School, Public Magnet Grades KG-5
Melrose Avenue Elementary School, Public Magnet Grades KG-6
Point Fermin Elementary School, Public Magnet Grades KG-5
Other
Directions Information:
Directions: Off Florence and Crenshaw
Price Information
Listing Price Info
Price Summary:
List Price: $1,995,000
Tax Information:
Annual Amount: $1,410
Tax Year: 2021
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Los Angeles, CA.
This property is $1.0M more than the Median Sold Price in Los Angeles, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #SB24026450
Listing Office:
Office Name: Lyon Stahl Investment Real Estate, Inc.
Office Phone: (310) 729-1559
Listing Agent: Aaron Jacobson
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 broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 5/2/2024, 10:25:23 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$1,410
$70,152
2020
$1,382
$69,434
2019
$1,237
$68,074
2018
$1,220
$66,740
2017
$1,220
$65,433
History based on county public records data.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
4
/10
Seventy-Fourth Street Elementary School
2112 W 74th St
Distance between this listing and this school1.01 miles
Public Magnet Grades KG-5
8
/10
Melrose Avenue Elementary School
731 N Detroit St
Distance between this listing and this school7.65 miles
Public Magnet Grades KG-6
6
/10
Point Fermin Elementary School
3333 S Kerckhoff Ave
Distance between this listing and this school18.13 miles
Public Magnet Grades KG-5
Middle School
3
/10
View Park Preparatory Accelerated Charter Middle School
5010 11th Ave
Distance between this listing and this school1.64 miles
Public Charter Grades 6-8
4
/10
Studio
2211 W Avenue 30
Distance between this listing and this school10.59 miles
Public District Grades 6-8
High School
2
/10
Crenshaw Sci, Tech, Engr, Math and Med Magnet
5010 11th Ave
Distance between this listing and this school1.64 miles
Public Magnet Grades 9-12
8
/10
Math, Science, & Technology Magnet Academy at Roosevelt High School
456 S Mathews St
Distance between this listing and this school8.23 miles
Public Magnet Grades 9-12
8
/10
Daniel Pearl Journalism & Communications Magnet
6649 Balboa Blvd
Distance between this listing and this school17.83 miles
Public Magnet Grades 9-12
Assigned Schools
4
/10
Seventy-Fourth Street Elementary School
2112 W 74th St
Distance between this listing and this school1.01 miles
Public Magnet Grades KG-5
8
/10
Melrose Avenue Elementary School
731 N Detroit St
Distance between this listing and this school7.65 miles
Public Magnet Grades KG-6
6
/10
Point Fermin Elementary School
3333 S Kerckhoff Ave
Distance between this listing and this school18.13 miles
Public Magnet Grades KG-5
Assigned Schools
3
/10
View Park Preparatory Accelerated Charter Middle School
5010 11th Ave
Distance between this listing and this school1.64 miles
Public Charter Grades 6-8
4
/10
Studio
2211 W Avenue 30
Distance between this listing and this school10.59 miles
Public District Grades 6-8
Nearby Schools
1
/10
Grace Hopper STEM Academy
601 Grace Ave
Distance between this listing and this school0.79 miles
Public Charter Grades 6-8
Assigned Schools
2
/10
Crenshaw Sci, Tech, Engr, Math and Med Magnet
5010 11th Ave
Distance between this listing and this school1.64 miles
Public Magnet Grades 9-12
8
/10
Math, Science, & Technology Magnet Academy at Roosevelt High School
456 S Mathews St
Distance between this listing and this school8.23 miles
Public Magnet Grades 9-12
8
/10
Daniel Pearl Journalism & Communications Magnet
6649 Balboa Blvd
Distance between this listing and this school17.83 miles
The neighbors living near this home have an average income of $38,859. Residents of Los Angeles, CA typically earn less than $35k each year. Residents typically live in single, no kids family. Most residents in this area have post secondary degree education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 3520 W Florence Ave
What is the listing price of this property?
The listing price of 3520 W Florence Ave property is $1,995,000.
What type of property is this?
The property 3520 W Florence Ave is land located in Los Angeles, California, 90043.
Is this property for sale now?
Active Listing: 3520 W Florence Ave is For Sale (Active/New) which means the seller is accepting offers.
What are the assigned schools for this property?
The assigned schools for 3520 W Florence Ave are: Seventy-Fourth Street Elementary School: GreatSchools Rating 4/10Melrose Avenue Elementary School: GreatSchools Rating 8/10Point Fermin Elementary School: GreatSchools Rating 6/10View Park Preparatory Accelerated Charter Middle School: GreatSchools Rating 3/10Studio: GreatSchools Rating 4/10Crenshaw Sci, Tech, Engr, Math and Med Magnet: GreatSchools Rating 2/10Math, Science, & Technology Magnet Academy at Roosevelt High School: GreatSchools Rating 8/10Daniel Pearl Journalism & Communications Magnet: GreatSchools Rating 8/10
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $1,410 (source: MLS/based on county public records data).
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This home is located at 3520 W Florence Ave in Los Angeles, CA and zip code 90043 in the South LA neighborhood. This home sits on a 0.25 acre lot. It has been listed on Rocket Homes since February 06, 2024 and is currently priced at $1,995,000.
Over 701 listings were sold over their listed price in April 2024 in Los Angeles, CA. In the same period over 629 listings were sold below the listed price and 204 listings were sold for the listed price. Between March 2024 and April 2024, Los Angeles, CA real estate market has seen increase in the number of listings by 14.9%. Listings spent 34 days on the market in April 2024, and had a median list price of $986,427 during the same period.
From Rocket Homes Real Estate and based on county public records data.
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 broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. 
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