2319 Randolph St Huntington Park, CA 90255
- Retail space
- 5,452 SF
- 0.35 lot acres
Current Use by Public Records
- Retail space
Property Details for 2319 Randolph St
- Year built
- 1932
- Construction
- WOOD
- Lot size
- 0.35 lot acres
- Property size
- 5,452 SF
- Zone code
- HPM2*
- Property type
- Retail space
- APN
- 6321-004-047
- APU
- 6321004047
Description
This exceptional investment opportunity presents a 5,452 square foot retail building located at 2319 Randolph Street in Huntington Park, California. The property, built in 1932 and situated on a 15,246 square foot lot (APN 6321-004-047), is zoned HPM2. It features a long-term net lease with Circle K as the anchor tenant, providing a stable and predictable income stream. The lease is a triple net (NNN) lease with annual rent increases of 3%. The property enjoys a prime location on a signalized hard corner, benefiting from high visibility and significant traffic volume, approximately 43,285 vehicles per day. Its central location between the 710, 110, 105, and 5 freeways ensures excellent accessibility. The asking price is $2,355,000, translating to $431.95 per square foot. This multi-tenant convenience store and shopping center presents a compelling investment opportunity due to its strong tenant, prime location, and favorable lease terms. The property's robust performance and strategic positioning make it an attractive addition to any portfolio. This is a rare opportunity to acquire a well-established, high-performing retail asset in a thriving market.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,750,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,605,000
- 6.5%
- $1,815,000
- 7%
- $1,740,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,510,000
- Geo Method
- $1,740,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,855,000
- Retail
- $1,435,000
- Mixed-Use
- $1,530,000
- Hospitality
- $1,425,000
- Educational
- $1,525,000
- Residential Income
- $1,430,000
- Energy
- $1,695,000
- Income-Based Land
- $1,670,000
- Food Service
- $1,770,000
Location Insight
- Map
- Local Demand
- City
- Huntington Park
- County
- Los Angeles
- State
- California
- Longitude
- -118.231
- Latitude
- 33.9863
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
