100% Leased Strip Center 3140-3154 W Florence Ave 5,032 SF 100% Leased Retail Building Los Angeles, CA 90043 $1,500,000 ($298.09/SF) 4.69% Cap Rate

Matthew Luchs and John Lally of Zacuto Group are pleased to exclusively present 3140-3154 W Florence Ave, a 100% occupied ±5,032 square foot retail strip center situated on ±10,875 square feet of land, just a few blocks East from the signalized intersection of W Florence Ave and S Crenshaw Blvd in Los Angeles, California.
The property consists of a highly visible single-story retail strip center along W Florence Avenue. The property benefits from strong street frontage, consistent consumer traffic, and a diverse and dense population base, making it well-suited for both local-serving retail and service-oriented tenants.

The opportunity is currently improved with a multi-tenant configured building. The asset is supported by 12 parking spots in front of property with easy egress and ingress and is currently 100% occupied with four retail tenants. Three of the four tenants are on short-term leases, providing investors and owner-users with significant near-term flexibility. This lease structure creates a unique opportunity to increase rents to market, re-tenant the property, or reposition the tenant mix to maximize long-term income and asset value. With a weighted average lease remaining term of approximately 1.22 years, the asset is positioned for a fast path to income growth.
For owner-users, the short-term nature of the existing leases offers a rare ability to strategically occupy a portion of the property, while supplementing income from existing tenants to help offset any debt service and expenses. This flexibility allows a buyer to tailor occupancy to their business needs while benefiting from the property’s exposure and established location.
The property is currently occupied by a coin laundry operator, a locksmith, a mini market, and a dry cleaner operator. Several tenants have occupied their spaces for many years, reflecting the stability of the location and the surrounding customer base. The average time at the center is 16.95 years.
The property benefits from exposure to approximately 36,347 vehicles per day. The Fairview Heights stop on the Metro K Line is also walking distance from the subject property. Within a two-mile radius, average household income exceeds $80,496, the population surpasses 139,594, and median home values exceed $700,000. Within a five-mile radius, the population approaches 1,000,000 with similar income demographics. Situated on Florence Avenue, a major east-west thoroughfare, the property offers convenient access to the dense surrounding neighborhood.