Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2974 E Florence Ave Huntington Park, CA 90255

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $850,000

    Commercial land ideal for development in central Huntington Park.

    Property size:
    10,560 SF
    Lot size:
    0.24 Acres

    Property Features for 2974 E Florence Ave

    General Information

    Size
    10,560 SF
    Lot size
    0.24 Acres

    We can help!

    Listing Contact
    Mark Hong
    Source: Moodyscre

    Listing Agent: Mark Hong

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Huntington Park Land Opportunity

    This commercial land is located in central Huntington Park and offers convenient access to the 710, 105, and 110 Freeways. The property is 10,560 square feet and is suitable for an owner-user, commercial development, or multi-family development. The immediate area has a population of 345,951 residents. Court confirmation is required for the sale.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Huntington Park
    County
    Los Angeles
    State
    California
    Longitude
    -118.215551
    Latitude
    33.9728913

    Nearby Similar for Sale

    • $825,000
      1,922 SF

      Huntington Park Triplex with Garages

      Well-maintained triplex with ADU potential and four garages.
      7015 Templeton St, Huntington Park, CA 90255
      View Details
    • $1,800,000
      5,110 SF

      Huntington Park Apartment Complex

      Large apartment complex in Huntington Park with income and growth potential.
      3213 Hill St, Huntington Park, CA 90255
      View Details
    • $999,000
      2,742 SF

      Spanish Duplex in Huntington Park

      Charming Spanish-style duplex near Downtown LA with income potential.
      3203 Live Oak St, Huntington Park, CA 90255
      View Details
    • $1,299,000
      2,900 SF

      Modern Huntington Park Duplex

      Built in 2021, generating $75,000 annual income.
      2806 Cudahy St, Huntington Park, CA 90255
      View Details
    • $899,999
      2,288 SF

      Huntington Park Triplex For Sale

      Triplex in Huntington Park featuring one large and two smaller units.
      2508 Saturn Ave, Huntington Park, CA 90255
      View Details
    • $1,675,000
      4,672 SF

      Huntington Park Commercial Corner Lot

      Two-story commercial building with industrial features in Huntington Park, CA.
      2530 Randolph St, Huntington Park, CA 90255
      View Details
    • $1,099,900
      3,407 SF

      Huntington Park Triplex Investment Opportunity

      Triplex in Walnut Park with income potential and convenient location.
      2526 Flower St, Huntington Park, CA 90255
      View Details
    • $875,000
      2,532 SF

      Huntington Park Quadruplex with Garages

      Four units, each with one bedroom and one bathroom.
      3519 E 60Th St, Huntington Park, CA 90255
      View Details
    • $910,000
      3,218 SF

      Huntington Park Quadruplex Investment Opportunity

      Well-maintained 4-unit property in a prime Huntington Park location.
      6900 Templeton St, Huntington Park, CA 90255
      View Details
    • $3,000,000
      11,039 SF

      Huntington Park 13-Unit Apartment Complex

      Fantastic 13-unit apartment complex in Huntington Park, California.
      2664 Randolph St, Huntington Park, CA 90255
      View Details
    • $3,200,000
      8,781 SF

      Strip Center on Hard Corner

      Strip center with upside potential in Huntington Park, California.
      2400 E Florence Ave, Huntington Park, CA 90255
      View Details
    • $8,490,000
      29,029 SF

      Medical Office Building with Parking

      Four-story medical office building with five parking lots.
      6601 Rugby Ave, Huntington Park, CA 90255
      View Details

    FAQs

    What type of property is this?
    Land - Commercial land ideal for development in central Huntington Park.
    Where is this land located?
    The property is located at 2974 E Florence Ave Huntington Park, CA.
    What is the asking price?
    The asking price for this property is $850,000.
    What are key features of this property?
    This property features: - Central Huntington Park Location; - Ideal for Owner-User, Commercial or Multi-Family Development; - Convenient Access to 710, 105, and 110 Freeways
    (213) 251-9000
    Request Owner's contact information
    2974 E Florence Ave Huntington Park, CA 90255
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2974 E Florence Ave
    Huntington Park, CA 90255
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2974 E Florence Ave Huntington Park, CA 90255
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Mark Hong
    Real Estate License ID: DRE #01067529
    (213) 251-9000
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.