Neighborhood Strip Center with Five
5964 Florence Avenue Bell Gardens, CA 90201
5964 Florence Avenue, Bell Gardens, CA, 90201
$2,000,000
For Sale
$2,000,000
5,850 SF strip center with five units, one vacant and four occupied by service-oriented neighborhood tenants.
Property Size5,850 SF
Price / SF$341.88
Days on Market62
Property Features for 5964 Florence Avenue
General Information
- Standard status
- Active
- Size
- 5,850 SF
- Property subtype
- General Commercial
Building Details
- Year Built
- 1963
Listing agency
Maher Commercial Realty
(310) 464-1453
Listed by
Oron Maher · License #01299093
Source
Xome
Added: May 21 Updated: Jul 21 at 5:47PM Checked: Jul 21 at 5:47PM
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 Maher Commercial Realty
Investment Insights
Based on property information with market context.
This neighborhood strip center comprises five total units totaling 5,850 square feet, with one unit currently vacant and four occupied by service-oriented tenants. The tenant mix includes a restaurant, juice bar, barber shop, and laundromat, operating under Modified Gross lease structures. Under the Modified Gross arrangements, the landlord is responsible for property taxes, building insurance, and common area trash service.
The property is located on Florence Avenue in Bell Gardens, California, a densely populated Southeast Los Angeles County community. The center benefits from street visibility along Florence Avenue, an east-west retail corridor connecting multiple municipalities. The center is anchored by an approximately 1,850-square-foot laundry facility.
Lease expirations are staggered between 2023 and 2026. Current aggregate annual base rent totals an estimated $172,740, with estimated Net Operating Income of $125,893. The laundromat pays $1.17 per square foot, approximately 32% below the center average, with its 2025 lease expiration noted in the current rent schedule.
The property is located on Florence Avenue in Bell Gardens, California, a densely populated Southeast Los Angeles County community. The center benefits from street visibility along Florence Avenue, an east-west retail corridor connecting multiple municipalities. The center is anchored by an approximately 1,850-square-foot laundry facility.
Lease expirations are staggered between 2023 and 2026. Current aggregate annual base rent totals an estimated $172,740, with estimated Net Operating Income of $125,893. The laundromat pays $1.17 per square foot, approximately 32% below the center average, with its 2025 lease expiration noted in the current rent schedule.
Key Highlights
- 5,850‑square‑foot neighborhood strip center in Bell Gardens with 5 units: 1 vacant and 4 occupied.
- Tenant mix includes a restaurant, juice bar, barber shop, and laundromat.
- Corner lot on Florence Avenue with 21 parking spaces and street visibility along this retail corridor.
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 | $198.0k | $33.84 |
| − Vacancy | −$13.1k | −$2.23 |
| EGI | $184.9k | $31.61 |
| − OpEx | −$55.5k | −$9.48 |
| NOI | $129.4k | $22.12 |
5,850 SF · lease $33.84/SF/yr · vacancy 6.60% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.85M
$1.62M – $2.16M
NOI $129,429 @ 7.0% cap · market cap 6.47%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.13M
$2.74M – $3.65M
NOI $219,245 @ 7.0% cap · market cap 10.96%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Shopping centers
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FAQs
What type of property is this?
Shopping center - 5,850 SF strip center with five units, one vacant and four occupied by service-oriented neighborhood tenants.
Where is this shopping center located?
The property is located at 5964 Florence Avenue Bell Gardens, CA.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: 5,850‑square‑foot neighborhood strip center in Bell Gardens with 5 units: 1 vacant and 4 occupied.; Tenant mix includes a restaurant, juice bar, barber shop, and laundromat.; Corner lot on Florence Avenue with 21 parking spaces and street visibility along this retail corridor.
