2214-2218 W Florence Ave, Los Angeles, CA 90033
Four-unit retail center with separately metered suites, on-site parking, and a vacant space ready for new occupancy.
- Added:
- Jun 11, 2026
- Days on Market:
- 11
- Last Refresh:
- Jun 20 at 3:36 am
Property Features for 2214-2218 W Florence Ave
General Information
- Standard status
- Active
- Size
- 2,500 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1941
Listing agent Arie Rose License #02206762
Listing office Rose&Co Group
Listing date Jun 11, 2026
Source Crexi
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All listing content including descriptions, pricing, images are the copyrighted material of Rose&Co Group
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
- Separately metered units for tenant‑specific utility billing
- On‑site parking included
- Potential value‑add through leasing and rent growth from existing month‑to‑month tenants
Overview
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.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $92.4k | $36.96 |
| − Vacancy | −$9.5k | −$3.81 |
| EGI | $82.9k | $33.15 |
| − OpEx | −$24.9k | −$9.95 |
| NOI | $58.0k | $23.21 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Longitude
- -118.3181227
- Latitude
- 33.9744011
