Log In/Sign Up
Your email has been sent.
3140-3154 W Florence Ave 5,032 SF 100% Leased Retail Building Los Angeles, CA 90043 $1,500,000 ($298.09/SF) 4.61% Cap Rate
Investment Highlights
- Fully leased retail strip center with four established tenants.
- Walking distance to Metro K Line and major bus routes.
- Dense trade area with nearly 1,000,000 residents within five miles.
- High-visibility location along W Florence Avenue with ±36,347 VPD.
- 12 on-site parking spaces with easy ingress and egress.
- Proximity to SoFi Stadium, Kia Forum, and Downtown Inglewood.
Executive Summary
3140-3154 W Florence Avenue presents a fully leased retail strip center in a high-traffic Los Angeles corridor. The property spans approximately 5,032 square feet on 10,875 square feet of land and is currently 100% occupied by four established tenants, including a coin laundry, locksmith, mini market, and dry cleaner. With an average tenant tenure of nearly 17 years, the asset demonstrates strong location stability and customer loyalty. Positioned along W Florence Avenue, the site benefits from ±36,347 vehicles per day and proximity to major thoroughfares such as Crenshaw Boulevard, Western Avenue, and the 110 and 405 freeways. The Fairview Heights Metro K Line station is within walking distance, enhancing accessibility. This offering provides investors with immediate income and upside potential through rent adjustments and tenant repositioning, while also serving as an attractive owner-user opportunity with SBA financing options available.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
5,032 SF
Building Class
C
Year Built
1962
Price
$1,500,000
Price Per SF
$298.09
Cap Rate
4.61%
NOI
$69,150
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.46
Lot Size
0.25 AC
Zoning
LAC2
Parking
12 Spaces (2.38 Spaces per 1,000 SF Leased)
Frontage
140’ on W Florence Ave
Moderately walkable
60/100
Exceptionally drivable
90/100
Good public transit
70/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $203,552 | |
| Land Assessment | $1,289,774 | Total Assessment | $1,493,326 |
Property Taxes
Parcel Numbers
Land Assessment
$1,289,774
Improvements Assessment
$203,552
Total Assessment
$1,493,326
1 of 8
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
3140-3154 W Florence Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.