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2927-2931 W Florence Ave 4,574 SF 100% Leased Retail Building Los Angeles, CA 90043 $1,050,000 ($229.56/SF)
EXECUTIVE SUMMARY
We are pleased to present 2927 W Florence Ave, a 4,574sf two-story commercial building with parking available on-site. Located just 2.1 miles from SoFi Stadium, the Forum, and the Intuit Dome, the property is well positioned to take advantage of the upcoming World Cup and Olympics! There is immediate opportunity for an owner-user to utilize low-down payment SBA financing and create a demanding presence along a main thoroughfare that provides easy access to the 405, 110, and 105 Freeways.The 4,574sf building is located on 5,222sf of LAC2 Tier 2 TOC zoned land, providing opportunity for multiple commercials uses, or as ground-up development site for market rate or affordable housing.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront
Building Size
4,574 SF
Building Class
C
Year Built
1955
Price
$1,050,000
Price Per SF
$229.56
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Slab To Slab
10’
Building FAR
0.88
Lot Size
0.12 AC
Zoning
LAC2-1VL-CPIO - LAC2-1VL-CPIO
Parking
6 Spaces (1.31 Spaces per 1,000 SF Leased)
Frontage
Walk Score®
Very Walkable (76)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 4008-026-012 | Improvements Assessment | $16,563 |
| Land Assessment | $156,702 | Total Assessment | $173,265 |
PROPERTY TAXES
Parcel Number
4008-026-012
Land Assessment
$156,702
Improvements Assessment
$16,563
Total Assessment
$173,265
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2927-2931 W Florence Ave
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