Neighborhood Retail Center with
2214-2218 W Florence Ave, Los Angeles, CA 90033
For Sale
Contact for pricing
Four-unit retail center with separately metered suites, on-site parking, and a vacant space ready for new occupancy.
Property Size2,500 SF
Price / SF$339.60
Days on Market153
Property Features for 2214-2218 W Florence Ave
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Occupancy
Investment Type
Net Operating Income
Site & Location
Neighborhood
Traffic Count
Building Details
Year Built
Units
Tenancy
Listing Agency:
Rose&Co Group
Listed By:
Arie Rose · License CA #02206762
Source:
Crexi
Added: Jun 11
Changed: Nov 10
Last Checked: Nov 10 at 6:32AM
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 Rose&Co Group
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Investment Insights
Based on property information with market context.
This four-unit neighborhood retail center offers multiple income-generating bays with separate metering for individual tenants. The property includes on-site parking and has undergone recent improvements, supporting straightforward operations for a mix of retail users. One suite is currently vacant, providing an immediate leasing target for the next operator.
Located at 2214-2218 W Florence Ave in Los Angeles, the center sits on a high-traffic commercial corridor with approximately 38,000 vehicles per day, helping support consistent storefront visibility. The configuration is designed for neighborhood retail activity and allows tenants to manage their own utilities through separately metered services.
For buyers and investors, the property’s structure supports diversified leasing, with existing month-to-month tenants in place alongside the available suite. The combination of recent upgrades, on-site parking, and separate metering can help reduce operational complexity and streamline tenant onboarding. The center’s four-unit footprint is well suited to retailers seeking convenient storefront space on a busy corridor while maintaining practical day-to-day control of their tenancy.
Located at 2214-2218 W Florence Ave in Los Angeles, the center sits on a high-traffic commercial corridor with approximately 38,000 vehicles per day, helping support consistent storefront visibility. The configuration is designed for neighborhood retail activity and allows tenants to manage their own utilities through separately metered services.
For buyers and investors, the property’s structure supports diversified leasing, with existing month-to-month tenants in place alongside the available suite. The combination of recent upgrades, on-site parking, and separate metering can help reduce operational complexity and streamline tenant onboarding. The center’s four-unit footprint is well suited to retailers seeking convenient storefront space on a busy corridor while maintaining practical day-to-day control of their tenancy.
Key Highlights
- Four‑unit neighborhood retail center built in 1941
- Located on a high‑traffic commercial corridor with approximately 38,000 vehicles per day
- Includes a vacant suite ready for new occupancy
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$58,018
Cap Rate
6.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,160,360
$1.2M
Cap Rate 7%
$828,829
$828.8K
Cap Rate 9%
$644,644
$644.6K
Market Conditions
NOI Build-Up for 2,500 SF
Gross rent
$92.4K $36.96/SF
− Vacancy
−$9.5K −$3.81/SF
EGI
$82.9K $33.15/SF
− OpEx
−$24.9K −$9.95/SF
NOI
$58.0K $23.21/SF
Area
Los Angeles, CA
Vacancy
10.30%
Lease Rate
$36.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,160,360
Cap Rate 7%
$828,829
Cap Rate 9%
$644,644
Alternative Uses
Best Use
Retail
$828.8K
$725.2K – $967.0K
NOI $58,018 @ 7.0% cap · market cap 6.83%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.04M
$913.3K – $1.22M
NOI $73,065 @ 7.0% cap · market cap 8.61%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
38,000 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
999
Businesses Nearby
11k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 100%
Winchell's Donut House
Dining
8,630 visits/mo
0.4 miles
Krispy Krunchy Chicken
Dining
2,564 visits/mo
0.1 miles
Demographics for 90033, CA
46,081
Population
13,874
Households
3.3
Avg Household Size
32
Median Age
14%
College-Educated
54%
High-School Grad
3.3 sq mi
ZIP Area
13,964
Density / Sq Mi
$56,001
Median Household Income
$29,600
Median Earnings
$1,391
Median Rent
$669,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Strip malls in Los Angeles, CA
Properties on Market for Strip malls in Los Angeles
Vacancy Rate% for Retail in Los Angeles, CA
Frequently Asked Questions
What type of property is this?
Strip mall - Four-unit retail center with separately metered suites, on-site parking, and a vacant space ready for new occupancy.
Where is this strip mall located?
The property is located at 2214-2218 W Florence Ave Los Angeles, CA.
What is the asking price?
The asking price for this property is $849,000.
What are key features of this property?
This property features: Four‑unit neighborhood retail center built in 1941; Located on a high‑traffic commercial corridor with approximately 38,000 vehicles per day; Includes a vacant suite ready for new occupancy
