2548 Florence AveHuntington Park, CA 90255

Property Details for 2548 Florence Ave

Year built

1966

Construction

WOOD

Lot size

0.26 AC

Property size (Sq ft)

9,037 SF

Zone code

LCC3*

Property type

Office properties

Property subtype

Office buildings

APN

6201-004-026

APU

6201004026

Description

This exceptional investment opportunity presents a fully leased, 16,737 square-foot multi-tenant property situated at 2548, 2566 E Florence Ave in Huntington Park, California. Comprising two buildings on a 34,827 square-foot lot (APN: 6201-004-026, 007), this center boasts nine units currently 98% occupied by a diverse mix of medical, retail, and office tenants. The property features a strong tenant base, including national credit tenants, established well before the COVID-19 pandemic, demonstrating resilience and continued success. Over 80% of the tenants are classified as essential businesses, maintaining operations throughout the pandemic. The property generates a substantial net operating income (NOI) of $287,880, yielding a 4.00% cap rate at an asking price of $6,400,000. Located at a major intersection, this high-traffic location benefits from significant pedestrian and automobile visibility. This offering presents a compelling value-add opportunity with potential for significant rental increases, making it an attractive investment prospect in the thriving Los Angeles County market. The property is categorized as Retail, Office, with a subtype of Medical Office, Commercial, and Store, operating under a Net Lease agreement.

• CAP approach

  CAP return

  Valuation

  6%

  $2,596,208

  6.5%

  $2,396,500

  7%

  $2,225,321

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,718,476

  Geo Method

  $1,718,476

• Alternative Use

  Use

  Valuation

  Residential

  $2,971,660

  Hospitality

  $2,722,024

  Educational

  $2,264,692

  Medical

  $2,342,578

  Retail

  $3,522,854

Location Insight

City

Huntington Park

County

Los Angeles

State

California

Latitude

33.974

Longitude

-118.226

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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