Retail Center on Florence
For Sale
$2,400,000
2151 Florence Ave., Los Angeles, CA 90047
Commercial property on a busy main street in Los Angeles.
Property Size7,946 SF
Price / SF$302.04
Days on Market273
Property Features for 2151 Florence Ave.
General Information
Standard status
Active
Size
7,946 SF
Property subtype
Retail
Building Details
Building Size
7,946 SF
Listing Agency:
SVN | Rich Investment Real Estate Partners Los Angeles
(818) 606-0244
Listed By:
Alejandro Hinostroza · License #CalDRE #01853793
(818) 606-0244
Source:
Svn
Added: Nov 21, 2025
Changed: Aug 17
Last Checked: Aug 20 at 5:19AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SVN | Rich Investment Real Estate Partners Los Angeles
Investment Insights
Based on property information with market context.
The property at 2151 West Florence Avenue, Los Angeles, CA 90047, is a commercial property zoned for commercial use. It is situated on a busy main street, east of Crenshaw Boulevard. The property is a neighborhood retail shopping center. It includes a convenience store (Quick Mart), a dry cleaning business, a wig and beauty store, a salon, and a laundromat. The property is located on the northeast corner of the intersection of Van Ness Boulevard and Florence Avenue, east of Crenshaw Boulevard, west of Arlington Avenue, south of Slauson Avenue, and north of Manchester Boulevard. The property size is 7,946 square feet.
Key Highlights
- Commercial zoned property in Los Angeles.
- Located on a busy main street (Florence Avenue).
- Situated at the intersection of Van Ness Blvd. and Florence Avenue.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$215,197
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.97%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,303,940
$4.3M
Cap Rate 7%
$3,074,243
$3.1M
Cap Rate 9%
$2,391,078
$2.4M
Market Conditions
NOI Build-Up for 7,946 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$293.7K $36.96/SF
− Vacancy
−$6.8K −$0.85/SF
EGI
$286.9K $36.11/SF
− OpEx
−$71.7K −$9.03/SF
NOI
$215.2K $27.08/SF
Area
Los Angeles, CA
Vacancy
2.30%
Lease Rate
$36.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,303,940
Cap Rate 7%
$3,074,243
Cap Rate 9%
$2,391,078
Alternative Uses
Best Use
Specialty Retail
$3.07M
$2.69M – $3.59M
NOI $215,197 @ 7.0% cap · market cap 8.97%
Second Best
Retail
$2.63M
$2.31M – $3.07M
NOI $184,404 @ 7.0% cap · market cap 7.68%
Theoretical Best
Multifamily LT 5
$160.98M
$140.86M – $187.81M
NOI $11,268,683 @ 7.0% cap · market cap 469.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
877
Businesses Nearby
3k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 100%
Krispy Krunchy Chicken
Dining
2,564 visits/mo
0.1 miles
Demographics for 90047, CA
50,154
Population
18,042
Households
2.8
Avg Household Size
39
Median Age
21%
College-Educated
81%
High-School Grad
4.7 sq mi
ZIP Area
10,671
Density / Sq Mi
$70,187
Median Household Income
$39,898
Median Earnings
$1,492
Median Rent
$648,200
Median Home Value
Market
Vacancy Rate% for Retail in Los Angeles, CA
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Wants — 6312 10th Ave apt 1, Los Angeles, CA 90043
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Frequently Asked Questions
What type of property is this?
Shopping center - Commercial property on a busy main street in Los Angeles.
Where is this shopping center located?
The property is located at 2151 Florence Ave. Los Angeles, CA.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: Commercial zoned property in Los Angeles.; Located on a busy main street (Florence Avenue).; Situated at the intersection of Van Ness Blvd. and Florence Avenue.
