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Former Rite Aid 1534 E Florence Ave 17,920 SF Retail Building Los Angeles, CA 90001 $4,350,000 ($242.75/SF)

Retail Buildings California Los Angeles 1534 E Florence Ave, Los Angeles, CA 90001

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INVESTMENT HIGHLIGHTS

  • Prime Repositioning Opportunity – Freestanding former large-box retail asset located in a transitional South Los Angeles corridor.
  • Qualified Opportunity Zone (QOZ) Location – Situated within a federally designated Qualified Opportunity Zone.
  • Supply-Constrained Urban Infill Asset – South Los Angeles continues to experience sustained housing demand.
  • Transit-Oriented Development Upside (TOC Program) – Eligible under the City of Los Angeles’ Transit Oriented Communities (TOC) Incentive Program.
  • Adaptive Reuse Flexibility & Market Repositioning – Former big-box configuration offers a large, open floor plan with ample surface parking.
  • The site’s existing scale and vacancy offer a timing advantage in securing entitlements ahead of further competitive redevelopment.

EXECUTIVE SUMMARY

David Harrington
License # 02168060 (CA)
Matthews Real Estate Investment Services, Inc
2321 Rosecrans Ave., Suite 1225, El Segundo, CA 90245
(866) 889-0550

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
17,920 SF
Building Class
B
Year Built
1981
Price
$4,350,000
Price Per SF
$242.75
Tenancy
Single
Building Height
1 Story
Building FAR
0.26
Lot Size
1.61 AC
Opportunity Zone
Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

LINKS

1 1
Walk Score®
Very Walkable (89)
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NEARBY MAJOR RETAILERS

Wells Fargo Home Mortgage
Chase Bank
Superior Grocers
Planet Fitness
Bank of America
Ono Hawaiian Bbq
Rent-A-Center
Buffalo Wild Wings
Food 4 Less
Northgate Gonzalez Market

PROPERTY TAXES

Parcel Numbers
Multiple
  • 6021-015-009
  • 6021-015-010
 Improvements Assessment $2,065,836
Land Assessment $3,342,483 Total Assessment $5,408,319

PROPERTY TAXES

Parcel Numbers
Multiple
  • 6021-015-009
  • 6021-015-010
Land Assessment
$3,342,483
Improvements Assessment
$2,065,836
Total Assessment
$5,408,319
(310) 579-9692

Still interested?

Contact the brokers for more information about this property

CONTACTS

  • Listing ID: 38393059

  • Date on Market: 11/10/2025

  • Last Updated:

  • Address: 1534 E Florence Ave, Los Angeles, CA 90001

More public record information on 1534 E Florence Ave, Los Angeles, CA 90001

The Florence-Graham Retail Property at 1534 E Florence Ave, Los Angeles, CA 90001 is currently available. Contact Matthews Real Estate Investment Services for more information.

RETAIL PROPERTIES IN NEARBY NEIGHBORHOODS

NEARBY LISTINGS

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Former Rite Aid | 1534 E Florence Ave
(310) 579-9692 x

Former Rite Aid | 1534 E Florence Ave

Kevin Bettinger
(310) 579-9692

Andy Sabherwal
(916) 832-7777

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