Freestanding Coin Laundry
For Sale
$4,300,000
3046 E Florence Avenue, Huntington Park, CA 90255
Modern retail property occupied by a single-tenant coin laundry operator.
Property Size6,075 SF
Days on Market48
Property Features for 3046 E Florence Avenue
General Information
Standard status
Active
Size
6,075 SF
Property subtype
COMMERCIAL
Additional Details
Asking Price
$4,361,000
Building Details
Building Size
6,075 SF
Year Built
2021
Buildings
1
Tenancy
Single
Listing Agency:
Dream Realty & Investments Inc
Listed By:
Elijah Shin · License #01358906
(213) 550-9009
Source:
Truthrealty
Added: Sep 5
Changed: Oct 21
Last Checked: Oct 21 at 5:02AM
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 Dream Realty & Investments Inc
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Investment Insights
Based on property information with market context.
Built in 2021, this freestanding commercial building is occupied by a single-tenant coin laundry business. The property is offered as a real estate acquisition, with the operating business available separately or in combination with the building.
The site fronts E Florence Avenue in Huntington Park, California, within an established commercial corridor. The surrounding area includes a dense residential population along with national and neighborhood retailers, providing a commercial setting for the existing operation.
The site fronts E Florence Avenue in Huntington Park, California, within an established commercial corridor. The surrounding area includes a dense residential population along with national and neighborhood retailers, providing a commercial setting for the existing operation.
Key Highlights
- 2021 construction with a freestanding commercial building
- Single‑tenant coin laundry business operating on site
- Real estate may be acquired separately or with the operating business
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$134,407
Cap Rate
3.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,688,140
$2.7M
Cap Rate 7%
$1,920,100
$1.9M
Cap Rate 9%
$1,493,411
$1.5M
Market Conditions
NOI Build-Up for 6,075 SF
Gross rent
$205.6K $33.84/SF
− Vacancy
−$13.6K −$2.23/SF
EGI
$192.0K $31.61/SF
− OpEx
−$57.6K −$9.48/SF
NOI
$134.4K $22.12/SF
Area
Los Angeles County, CA
Vacancy
6.60%
Lease Rate
$33.84 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,688,140
Cap Rate 7%
$1,920,100
Cap Rate 9%
$1,493,411
Alternative Uses
Best Use
Retail
$1.92M
$1.68M – $2.24M
NOI $134,407 @ 7.0% cap · market cap 3.13%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.25M
$2.85M – $3.79M
NOI $227,677 @ 7.0% cap · market cap 5.29%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,815
Businesses Nearby
19k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 100%
Starbucks
Dining
19,332 visits/mo
0.5 miles
Demographics for 90255, CA
71,157
Population
19,265
Households
3.7
Avg Household Size
34
Median Age
9%
College-Educated
53%
High-School Grad
3.7 sq mi
ZIP Area
19,232
Density / Sq Mi
$61,376
Median Household Income
$31,695
Median Earnings
$1,443
Median Rent
$562,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Retail space - Modern retail property occupied by a single-tenant coin laundry operator.
Where is this retail space located?
The property is located at 3046 E Florence Avenue Huntington Park, CA.
What is the asking price?
The asking price for this property is $4,300,000.
What are key features of this property?
This property features: 2021 construction with a freestanding commercial building; Single‑tenant coin laundry business operating on site; Real estate may be acquired separately or with the operating business
