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2214-2218 W Florence Ave 2,500 SF 75% Leased Retail Building Los Angeles, CA 90043 $849,000 ($339.60/SF) 3.33% Cap Rate
Investment Highlights
- Four retail commercial units featuring separately metered spaces and private restrooms for each tenant
- One recently vacated unit allowing for immediate occupancy or new tenant placement
- Three occupied units currently leased on a month-to-month basis at $1,650 per month, presenting strong opportunity for future rent increases
- Approximately seven designated parking spaces with convenient front and rear access for tenants and customers
Executive Summary
Four-unit neighborhood retail center located on a high-traffic commercial corridor with approximately 38,000 vehicles per day. The property offers immediate upside through leasing the vacant suite and potential rent growth from existing month-to-month tenants. Separately metered units, on-site parking, and recent property improvements provide investors with a compelling value-add opportunity.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
2,500 SF
Building Class
C
Year Built
1941
Price
$849,000
Price Per SF
$339.60
Cap Rate
3.33%
NOI
$28,272
Percent Leased
75%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.44
Lot Size
0.13 AC
Zoning
LAC2 - General Commercial Zoning with Many Commercial Uses Allowed.
Parking
7 Spaces (2.8 Spaces per 1,000 SF Leased)
Frontage
50’ on W Florence Ave
Amenities
- 24 Hour Access
- Fenced Lot
- Security System
- Signage
- Signalized Intersection
- Air Conditioning
- Smoke Detector
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Green Paper Inc
- Wholesaler
- -
-
$9.99
- -
-
Jan 0000
- Tattoo Supplies Llc
- Retailer
- -
-
$9.99
-
Lorem Ipsum
-
Jan 0000
- Wyatt Earp
- Retailer
- -
-
$9.99
-
Lorem Ipsum
-
Jan 0000
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Green Paper Inc | Wholesaler | - | $9.99 | - | Jan 0000 | |
| Tattoo Supplies Llc | Retailer | - | $9.99 | Lorem Ipsum | Jan 0000 | |
| Wyatt Earp | Retailer | - | $9.99 | Lorem Ipsum | Jan 0000 |
Moderately walkable
60/100
Exceptionally drivable
90/100
Good public transit
60/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 4009-001-004 | Improvements Assessment | $25,745 |
| Land Assessment | $283,300 | Total Assessment | $309,045 |
Property Taxes
Parcel Number
4009-001-004
Land Assessment
$283,300
Improvements Assessment
$25,745
Total Assessment
$309,045
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2214-2218 W Florence Ave
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