8121 Florence Ave, Downey, CA 90240

Building Details

Building Size 10,014 SF More

Year Built 1971 More

Buildings 1 More

Stories 2 More

Construction mid-century architecture More

Parking Ratio 3.6 per 1,000 SF More

Owner Occupied No More

Listing Agency: Lee & Associates Los Angeles – Long Beach Inc.

Listed By: Jeff Coburn, CCIM, SIOR · License CA #01303169 Show Phone

Source: Lee-associates

Added: Nov 8 Changed: Nov 10 Last Checked: Nov 12 at 6:27AM

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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 Lee & Associates Los Angeles – Long Beach Inc.

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Investment Insights

Based on property information with market context.

Built in 1971, this freestanding, two-story office property is delivered vacant. Each floor measures approximately 5,007 SF, and the C-P (Commercial Professional) zoning supports medical office use. Building and monument signage provide identification for the property along Florence Ave.

A gated, paved surface lot offers 36 parking spaces, or approximately 3.60 spaces per 1,000 SF. The property has Florence Ave frontage and exposure to approximately 33,596 vehicles per day. Kaiser Permanente Downey Medical Center, PIH Health Downey Hospital, and Rancho Los Amigos National Rehabilitation Center are identified as nearby healthcare facilities.

Key Highlights

• Vacant, two‑story office property with approximately 5,007 SF per floor
• C‑P (Commercial Professional) zoning supports medical office use
• 36 gated parking spaces; approximately 3.60 spaces per 1,000 SF

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$229,821

Cap Rate

7.66%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$4,596,420 $4.6M

Cap Rate 7%

$3,283,157 $3.3M

Cap Rate 9%

$2,553,567 $2.6M

Is this asking price fair?

Market Conditions

NOI Build-Up for 10,014 SF

Gross rent

$360.5K $36.00/SF

− Vacancy

−$54.1K −$5.40/SF

EGI

$306.4K $30.60/SF

− OpEx

−$76.6K −$7.65/SF

NOI

$229.8K $22.95/SF

Area

Downey, CA

Vacancy

15.00%

Lease Rate

$36.00 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$4,596,420

Cap Rate 7%

$3,283,157

Cap Rate 9%

$2,553,567

Alternative Uses

Best Use

Office B

$3.28M

$2.87M – $3.83M (±1% cap)

NOI $229,821 @ 7.0% cap · market cap 7.66%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$4.09M

$3.58M – $4.77M (±1% cap)

NOI $286,000 @ 7.0% cap · market cap 9.53%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Ameri National Community ... Loan Service

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Parking Lot & Garage Carpet & Flooring Store Storage Facility Big Box & Wholesale Store Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

1,723

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 Office buildings in Los Angeles County, CA

$596 Jul

$612 Aug

$620 Sep

$597 Oct

Properties on Market for Office buildings in Los Angeles County

Jul

Aug

Sep

Oct

Vacancy Rate% for Office in West region

11% 2019

14.1% 2020

15.5% 2021

17.2% 2022

19.9% 2023

21% 2024

20.8% 2025

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Frequently Asked Questions

What type of property is this?

Office building - Vacant delivery and C-P zoning accommodate a potential medical-office configuration.

Where is this office building located?

The property is located at 8121 Florence Ave Downey, CA.

What is the asking price?

The asking price for this property is $3,000,000.

What are key features of this property?

This property features: Vacant, two‑story office property with approximately 5,007 SF per floor; C‑P (Commercial Professional) zoning supports medical office use; 36 gated parking spaces; approximately 3.60 spaces per 1,000 SF