5960-5964 Florence Ave - Storefront Retail/Office FOR SALE


Bell Gardens, CA 90201
$2,195,000 USD
415-378-5464
5960-5964 Florence Ave, Bell Gardens, CA for Sale
$2,195,000 USD
Storefront Retail/Office - FOR SALE
1/18
null | 5.69% Cap Rate

5960-5964 Florence Ave
Bell Gardens, CA 90201


HIGHLIGHTS

  • Prime frontage on Florence Avenue with ±36,000 vehicles per day
  • Shadow anchored by a ARCO Gas Station and convenience store
  • All tenants are month-to-month, creating a rare combination of in-place cash flow with immediate mark-to-market rent growth
  • Flexible, multi-tenant layout ideal for service retail, food, and professional users.
  • Surrounded by Major Retail Anchors: Within one mile are Walmart Supercenter, Costco, AutoZone, Smart & Final, and The Bicycle Hotel & Casino
  • Less than ½ mile from I-710, connecting to I-5 and I-105

OVERVIEW

Maher Commercial Realty is pleased to present 5960-5964 Florence Avenue, a 5,850-square-foot neighborhood strip center located in Bell Gardens, California, a densely populated community in southeast Los Angeles County. The property is 100% occupied by five service-oriented tenants operating under Modified Gross leases, delivering consistent cash flow with strong expense margins. The tenant mix includes a restaurant, juice bar, barber shop, printing services, and laundromat—businesses that serve daily neighborhood needs and demonstrate recession-resistant demand patterns. The property benefits from high street visibility along Florence Avenue, a primary east-west retail corridor connecting multiple municipalities. Anchored by a 3,000-square-foot laundry facility, the center provides essential services to a predominantly working-class, high-density residential trade area. All five tenants operate under Modified Gross lease structures with the landlord responsible for property taxes, building insurance, and common area trash service. Current aggregate annual base rent totals $181,140, generating a Net Operating Income of $125,236. Lease expirations are staggered between 2023 and 2026, providing strategic rollover opportunities without significant income disruption. The weighted average rent across all tenants is $1.71 per square foot per month. The 3,000-square-foot laundromat anchor currently pays $1.17 per square foot, approximately 32% below the center average, presenting substantial rental upside upon its 2025 lease expiration. The Modified Gross structure provides expense predictability and landlord control over operating costs while maintaining strong net margins. All tenants serve neighborhood-based customer demographics with high repeat-visit frequency. Bell Gardens occupies a strategic position in the Southeast Los Angeles submarket, approximately 10 miles east of Downtown Los Angeles with direct access via Interstate 5 and State Route 710. Florence Avenue functions as a major arterial corridor connecting multiple municipalities and generating consistent vehicular and pedestrian activity. The immediate trade area features high-density multifamily residential development with limited single-family housing and strong renter demographics. Nearby demand drivers include Rio Hondo Community College (12,000+ students), Los Angeles County government facilities, and established retail nodes along Atlantic Boulevard and Garfield Avenue. The Southeast LA submarket is characterized by mature urban infill with constrained land availability, limited new retail construction, and high barriers to entry for competing properties.

FOR SALE DETAILS

PRICE

$2,195,000 USD

PRICE/SF

$375 USD /SF

CAP RATE

5.69%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1975

SPRINKLERS

-

PARKING SPACES

21

LAND DETAILS

LAND ACRES

0.32 AC

LAND SF

13,939 SF

ZONING

BGC4*

APN/PARCEL ID

6227-006-012

ASK ABOUT THIS PROPERTY

Oron MaherMaher Commercial RealtyMore Info
415-378-5464

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Oron MaherMaher Commercial RealtyMore Info
415-378-5464

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