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    4254 Floral Dr Los Angeles, CA 90063

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    Single-tenant retail property in high-demand Los Angeles trade area.

    Type:Retail
    Property size:
    2,526 SF
    Lot size:
    0.16 Acres
    Added:
    Jan 23, 2025
    Days on Market:
    450
    Last Refresh:
    Mar 17 at 1:14 pm

    Property Features for 4254 Floral Dr

    General Information

    Standard status
    Active
    Size
    2,526 SF
    Lot size
    0.16 Acres
    Property subtype
    Retail

    Building Details

    Year Built
    1982

    We can help!

    Listing Contact
    Saray Sanchez

    Listing agent Saray Sanchez License #01949045

    Listing office Realtor Saray - Saray Sanchez - Pro

    Listing date Jan 23, 2025

    Source Crexi

    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 Realtor Saray - Saray Sanchez - Pro

    Overview

    Los Angeles Retail Tire Shop

    This single-tenant retail property, currently operating as a tire shop, offers 2,526 square feet of space. Constructed in 1982, the property is situated on two parcels totaling 0.16 acres. It is located in a high-demand trade area near the intersection of Floral Drive and North Eastern Avenue in Los Angeles. The property is fully leased and offers steady cash flow with significant upside potential. The short-term lease structure provides flexibility for investors to either occupy the space or adjust rents to market rates, maximizing the property’s operating income. The property is located in a thriving suburban market with strong demographics, excellent foot traffic, and stable tenancy, presenting a compelling investment opportunity with growth potential.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Mexico Tires Auto Repair Shop L A Eastern Tires (Bike/Boat/Book/etc) Store

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • German Auto of Hollywood — 4300 E 3rd St, Los Angeles, CA 90022
    • Duran's Body Shop — 4605 E 3rd St, Los Angeles, CA 90022
    • Pep Boys Service Center — east los angeles, ca 90022
    • Pep Boys — 256 S Atlantic Blvd, Los Angeles, CA 90022
    • Neshek's Auto Repair — 5034 E 3rd St, Los Angeles, CA 90022

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.1738701
    Latitude
    34.04397

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    FAQs

    What type of property is this?
    Auto shop - Single-tenant retail property in high-demand Los Angeles trade area.
    Where is this auto shop located?
    The property is located at 4254 Floral Dr Los Angeles, CA.
    What is the asking price?
    The asking price for this property is $1,399,999.
    What are key features of this property?
    This property features: Fully leased property providing steady cash flow.; Located in a high‑demand trade area near Floral Dr and North Eastern Ave in Los Angeles.; Significant upside potential due to short‑term lease structure.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Saray Sanchez
    Real Estate License ID: 01949045
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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