2300 Florence Ave Huntington Park, CA 90255
- Commercial real estate
- 2,430 SF
- 0.43 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 2300 Florence Ave
- Year built
- 1922
- Construction
- WOOD
- Lot size
- 0.43 lot acres
- Property size
- 2,430 SF
- Zone code
- LCC3*
- Property type
- Commercial real estate
- APN
- 6025-029-039
- APU
- 6025029039
Description
This exceptional mixed-use property, located at 2300 E Florence Ave, Huntington Park, CA 90255, presents a unique investment opportunity. The 19,130 square foot lot (0.439 acres), zoned for Mixed Use Development (MXD), allows for a variety of uses. Currently configured as a 51-unit apartment building, the property offers significant potential for redevelopment or expansion. Its strategic location in Los Angeles County provides convenient access to public transportation, thanks to its proximity to the expanding Los Angeles Metro Line. The MXD zoning permits a blend of residential, commercial, and limited light industrial uses, fostering a vibrant and self-sufficient community. This zoning encourages compact development, promoting walkability, cycling, and transit use. The property's APN is 6025-029-039. Specific permitted uses include those allowed in R-A zones, and with a Conditional Use Permit (CUP), uses permitted in R-4, M-1, A-C, and SR-D zones, or any combination thereof. Development standards include a maximum height limit of 35 feet, minimum parking requirements of 2 covered spaces per dwelling unit (or as specified in a CUP), and building setbacks as defined in zone R-A or by a CUP. The property is subject to specific sections of the Huntington Park Municipal Code, including sections 22.26.030 (Mixed Use Development Zone), 22.418.080 (Community-Wide Development Standards), and 22.418.090 (TOD Zone Additional Development Standards). This property offers a compelling blend of existing income and future development potential in a rapidly growing area. The Florence-Firestone TOD Specific Plan further enhances the long-term prospects of this investment.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,530,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,540,000
- 6.5%
- $1,535,000
- 7%
- $1,620,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,525,000
- Geo Method
- $1,345,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,390,000
- Retail
- $1,420,000
- Mixed-Use
- $1,615,000
- Hospitality
- $1,425,000
- Educational
- $1,770,000
- Residential Income
- $1,595,000
- Energy
- $1,755,000
- Income-Based Land
- $1,730,000
- Food Service
- $1,395,000
Location Insight
- Map
- Local Demand
- City
- Huntington Park
- County
- Los Angeles
- State
- California
- Longitude
- -118.231
- Latitude
- 33.9744
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
