2548 Florence Ave Huntington Park, CA 90255
- Office buildings
- 9,037 SF
- 0.26 lot acres
Current Use by Public Records
- Office buildings
Property Details for 2548 Florence Ave
- Year built
- 1966
- Construction
- WOOD
- Lot size
- 0.26 lot acres
- Property size
- 9,037 SF
- Zone code
- LCC3*
- Property type
- 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.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $435,000
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Location Insight
- Map
- Local Demand
- City
- Huntington Park
- County
- Los Angeles
- State
- California
- Longitude
- -118.226
- Latitude
- 33.974
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
