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    Retail Center on Florence Avenue Title is generated by Realmo AI

    2151 Florence Ave., Los Angeles, CA 90047

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    Claim this Listing
    For Sale
    $2,400,000

    Commercial property on a busy main street in Los Angeles.

    Type:Retail
    Property size:
    7,946 SF
    Price / SF:
    $302/SF
    Added:
    Nov 21, 2025
    Days on Market:
    189
    Last Refresh:
    May 9 at 12:53 am

    Property Features for 2151 Florence Ave.

    General Information

    Standard status
    Active
    Size
    7,946 SF
    Property subtype
    Retail

    We can help!

    Listing Contact
    Alejandro Hinostroza

    Listing agent Alejandro Hinostroza License #CalDRE #01853793

    Listing office SVN | Rich Investment Real Estate Partners Los Angeles

    Listing date Nov 21, 2025

    Source Svn

    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 SVN | Rich Investment Real Estate Partners Los Angeles

    HighLights

    • Commercial zoned property in Los Angeles.
    • Located on a busy main street (Florence Avenue).
    • Situated at the intersection of Van Ness Blvd. and Florence Avenue.
    • Neighborhood retail shopping center.
    • Includes a convenience store (Quick Mart).
    • Includes multiple businesses: dry cleaning, wig and beauty store, salon, and laundromat.

    Overview

    The property at 2151 West Florence Avenue, Los Angeles, CA 90047, is a commercial property zoned for commercial use. It is situated on a busy main street, east of Crenshaw Boulevard. The property is a neighborhood retail shopping center. It includes a convenience store (Quick Mart), a dry cleaning business, a wig and beauty store, a salon, and a laundromat. The property is located on the northeast corner of the intersection of Van Ness Boulevard and Florence Avenue, east of Crenshaw Boulevard, west of Arlington Avenue, south of Slauson Avenue, and north of Manchester Boulevard. The property size is 7,946 square feet.

    Local Financial Insights For Specialty 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 $293.7k $36.96
    − Vacancy −$6.8k −$0.85
    EGI $286.9k $36.11
    − OpEx −$71.7k −$9.03
    NOI $215.2k $27.08
    7,946 SF · lease $36.96/SF/yr · vacancy 2.30% · expense 25.00%

    Alternative Uses

    Best Use
    Specialty Retail
    $3.07M
    $2.69M – $3.59M (±1% cap)
    NOI $215,197 @ 7.0% cap · market cap 8.97%
    Second Best
    Retail
    $2.63M
    $2.31M – $3.07M (±1% cap)
    NOI $184,404 @ 7.0% cap · market cap 7.68%
    Theoretical Best
    Multifamily LT 5
    $160.98M
    $140.86M – $187.81M (±1% cap)
    NOI $11,268,683 @ 7.0% cap · market cap 469.53%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Spin Town Laundry (Bike/Boat/Book/etc) Store

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

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

    Similar Places Nearby

    • Sunny Side Plaza — 858 W 84th St, Los Angeles, CA 90044
    • Maria — 9131-9171 Vermont Ave, Los Angeles, CA 90044
    • Coinstar Kiosk | Bitcoin ATM — Super Center Concepts, 8811 S Western Ave, Los Angeles, CA 90047
    • Coinstar Kiosk | Bitcoin ATM — Kroger - Ralphs Grocery Co, 1730 W Manchester Ave, Los Angeles, CA 90047
    • California DMV Now Kiosk — 8811 S Western Ave, Los Angeles, CA 90047

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.317
    Latitude
    33.9747

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    FAQs

    What type of property is this?
    Shopping center - Commercial property on a busy main street in Los Angeles.
    Where is this shopping center located?
    The property is located at 2151 Florence Ave. Los Angeles, CA.
    What is the asking price?
    The asking price for this property is $2,400,000.
    What are key features of this property?
    This property features: Commercial zoned property in Los Angeles.; Located on a busy main street (Florence Avenue).; Situated at the intersection of Van Ness Blvd. and Florence Avenue.
    (818) 606-0244
    We can help!
    Listing Contact
    Alejandro Hinostroza
    Real Estate License ID: CalDRE #01853793
    Request Owner's contact information
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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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