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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
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
Who owns this building?
See the owner, sales and loan history
Open Analytics
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
View Realmo Analytics
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
