2214-2218 W Florence Ave - Storefront FOR SALE


Los Angeles, CA 90043- Park Mesa Heights
$849,000 USD
424-421-4241
2214-2218 W Florence Ave, Los Angeles, CA for Sale
$849,000 USD
Storefront - FOR SALE
1/5
null | 3.33% Cap Rate

2214-2218 W Florence Ave
Los Angeles, CA 90043
Park Mesa Heights


HIGHLIGHTS

  • Four retail commercial units featuring separately metered spaces and private restrooms for each tenant
  • Three occupied units currently leased on a month-to-month basis at $1,650 per month, presenting strong opportunity for future rent increases
  • One recently vacated unit allowing for immediate occupancy or new tenant placement
  • Approximately seven designated parking spaces with convenient front and rear access for tenants and customers

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$849,000 USD

PRICE/SF

$340 USD /SF

CAP RATE

3.33%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1941

SPRINKLERS

-

PARKING SPACES

7

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,663 SF

ZONING

LAC2

APN/PARCEL ID

4009-001-004

ASK ABOUT THIS PROPERTY

Arie RoseRose & Co Commercial GroupMore Info
424-421-4241

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Arie RoseRose & Co Commercial GroupMore Info
424-421-4241

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.