Freestanding Coin Laundry
New
For Sale
$4,361,000
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 Market3
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: Sep 6
Last Checked: Sep 6 at 5:24AM
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
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 = 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
$134,407
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
3.08%
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%
$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
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
$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 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%
$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 3.08%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.25M
$2.85M – $3.79M
NOI $227,677 @ 7.0% cap · market cap 5.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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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 $4,361,000.
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
