Mixed-Use Building with Avenue
7815-7825 Florence Avenue, Downey, CA 90240
For Sale
Contact for pricing
Single-story commercial property combines office, retail, service, childcare, and warehouse/flex suites in a separately metered configuration.
Property Size23,411 SF
Lot Size1.09 Acres
Price / SF$277.65
Days on Market101
Property Features for 7815-7825 Florence Avenue
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Zoning
Occupancy
Investment Type
Net Operating Income
Site & Location
Corner Location
Anchor Co-Tenants
Traffic Count
Road Access
Utilities to Site
Additional Details
Floor
Asking Price
Building Details
Year Built
Buildings
Stories
Units
Tenancy
Building Size
Construction
Owner Occupied
Listing Agency:
Avison Young - Downtown Los Angeles
Listed By:
Patrick Barnes · License CA #01333182
Source:
Crexi
Added: Aug 6
Changed: Nov 11
Last Checked: Nov 14 at 5:39AM
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 Avison Young - Downtown Los Angeles
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1960, this single-story mixed-use property contains approximately 23,411 square feet within a concrete-block building on approximately 1.09 acres. Six separately metered suites range from approximately 1,950 to 5,811 square feet and accommodate medical and dental practices, professional office users, retail and service businesses, childcare, and warehouse/flex operations. On-site surface parking supports the existing tenant mix, while C-1 General Commercial zoning governs the property.
The property is 100% leased to six tenants, including two dental practices and a range of office, retail, childcare, and flex occupants. The building fronts Florence Avenue in Downey, California, with signage exposure along the thoroughfare, which carries in excess of 40,000 vehicles per day. Lease terms are staggered, and the largest suite, occupied by Century 21 Max, measures approximately 5,811 square feet and has renewed at market. Approximately 8,000 square feet, or 34% of the building, is represented by the remaining retail and warehouse/flex suites identified for upcoming lease events.
The property is 100% leased to six tenants, including two dental practices and a range of office, retail, childcare, and flex occupants. The building fronts Florence Avenue in Downey, California, with signage exposure along the thoroughfare, which carries in excess of 40,000 vehicles per day. Lease terms are staggered, and the largest suite, occupied by Century 21 Max, measures approximately 5,811 square feet and has renewed at market. Approximately 8,000 square feet, or 34% of the building, is represented by the remaining retail and warehouse/flex suites identified for upcoming lease events.
Key Highlights
- Approximately 23,411 SF mixed‑use building on approximately 1.09 acres
- 100% leased to six tenants across office, medical/dental, retail, childcare, and warehouse/flex uses
- Six suites range from approximately 1,950 to 5,811 SF
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$591,759
Cap Rate
9.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$11,835,180
$11.8M
Cap Rate 7%
$8,453,700
$8.5M
Cap Rate 9%
$6,575,100
$6.6M
Market Conditions
NOI Build-Up for 23,411 SF
Gross rent
$865.3K $36.96/SF
− Vacancy
−$19.9K −$0.85/SF
EGI
$845.4K $36.11/SF
− OpEx
−$253.6K −$10.83/SF
NOI
$591.8K $25.28/SF
Area
Downey, CA
Vacancy
2.30%
Lease Rate
$36.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$11,835,180
Cap Rate 7%
$8,453,700
Cap Rate 9%
$6,575,100
Alternative Uses
Best Use
Retail
$8.45M
$7.40M – $9.86M
NOI $591,759 @ 7.0% cap · market cap 9.10%
Second Best
Office B
$7.68M
$6.72M – $8.95M
NOI $537,282 @ 7.0% cap · market cap 8.27%
Theoretical Best
Office A
$9.55M
$8.36M – $11.14M
NOI $668,618 @ 7.0% cap · market cap 10.29%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
40,000 VPD
Traffic count
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,265
Businesses Nearby
Explore this area
Business Placement
Demographics for 90240, CA
26,495
Population
8,014
Households
3.3
Avg Household Size
38
Median Age
30%
College-Educated
86%
High-School Grad
3.0 sq mi
ZIP Area
8,832
Density / Sq Mi
$108,860
Median Household Income
$47,823
Median Earnings
$1,966
Median Rent
$764,200
Median Home Value
Market
Average Price Trend$/SF for Mixed-use properties in Los Angeles County, CA
Properties on Market for Mixed-use properties in Los Angeles County
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Single-story commercial property combines office, retail, service, childcare, and warehouse/flex suites in a separately metered configuration.
Where is this mixed-use property located?
The property is located at 7815-7825 Florence Avenue Downey, CA.
What is the asking price?
The asking price for this property is $6,500,000.
What are key features of this property?
This property features: Approximately 23,411 SF mixed‑use building on approximately 1.09 acres; 100% leased to six tenants across office, medical/dental, retail, childcare, and warehouse/flex uses; Six suites range from approximately 1,950 to 5,811 SF
