About this home

We are proud to present 5917 Converse Avenue and 1905 E 78th Street - a two-property multifamily portfolio consisting of two separate 4-unit properties located in the Florence-Graham neighborhood of Unincorporated Los Angeles. The properties can be purchase together or individually. 5917 Converse Avenue offers approximately 2,550 SF of rentable living area across two separate structures situated on a generous 8,457 SF lot. The property consists of four 1-bedroom/1-bathroom units, averaging approximately 638 SF per unit. The property is currently generating just over $38,000 in annual rental income, equivalent to approximately $789 per unit per month. An investor familiar with prevailing market rents for comparable units in the surrounding area will recognize a significant opportunity to increase revenue, with the potential to capture more than $1,000 of additional monthly rental income per unit. Upon stabilization, the property offers the potential to achieve an approximately 9.69% CAP Rate and 7.47 GRM. The Florence-Graham neighborhood is a strongly renter-oriented market, with more than 65% of occupied housing units being renter-occupied. Strategically positioned near the I-110, I-105, and I-710 freeways, the portfolio offers convenient access to major employment centers throughout Los Angeles County. Downtown Los Angeles is approximately 6 miles north, providing access to one of the region's largest employment hubs. Tenants also benefit from proximity to the Florence Metro Station, providing rail connectivity to Downtown Los Angeles and Downtown Long Beach. Numerous grocery stores, big-box retailers, neighborhood shops, restaurants, schools, parks, and other daily-needs amenities are located throughout the surrounding area.

Facts and features

Schools

• Lillian Street Elementary School

  elementary · K-6 · 0.2 mi

  5

• Thomas A. Edison Middle School

  middle · 6-8 · 0.5 mi

  3

• Academy For Multiligual Arts And Science At Mervyn M. Dymally High

  high · 9-12 · 2.4 mi

  3

• St. Odilia Elementary School

  elementary · 0.7 mi

• Alliance Kory Hunter Middle

  middle · 6-8 · 0.2 mi

• Dr. Lawrence H. Moore Math, Science, Technology Academy

  elementary · K-5 · 0.4 mi

  6

Price history

• Sep 3, 2026 · Listed$650,000
• Aug 8, 1975 · Sold$22,500

Tax history

• 2025$7,382 tax · $417,777 assessed
• 2024$7,082 tax · $409,587 assessed
• 2023$6,640 tax · $393,684 assessed
• 2022$6,383 tax · $385,966 assessed
• 2021$6,309 tax · $378,399 assessed
• 2020$6,344 tax · $374,520 assessed
• 2019$2,457 tax · $48,417 assessed
• 2018$2,347 tax · $47,469 assessed

Home value

$644,000

• Collateral Analytics$644,000
• Quantarium$634,006

Where it is