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Property profile & analytics
OFF-MARKET Estimated value $2,450,000
Turn key restaurants

2724 Florence Ave Los Angeles, CA 90043-5143

2,125 SF 0.07 ac lot Built 1947
Entity Owned 4-yr Hold Free & Clear
Property ID
US09-7901522
Property summary
AI-generated overview

This exceptional 2,300 square foot retail space is ideally situated at 2724 W Florence Avenue in Los Angeles, California, within Los Angeles County (zip code 90043). Currently vacant and ready for immediate occupancy, this single-tenant property presents a unique opportunity for businesses seeking a high-visibility location. The property is classified as a strip center, offering excellent street frontage and ample parking for customers. The entire 2,300 square feet is available for lease, providing a blank canvas for a wide range of retail concepts. Its location in Los Angeles offers access to a substantial consumer base and significant foot traffic. The property's address is easily accessible from major thoroughfares, ensuring convenient access for both customers and employees. This is a fantastic opportunity to establish a thriving retail presence in a dynamic and densely populated area of Los Angeles. Serious inquiries are encouraged to explore the possibilities of this prime retail space. The property is categorized as retail and is a single-tenant building. Further details regarding lease terms and conditions are available upon request. Don't miss this chance to secure a prominent retail location in a thriving Los Angeles neighborhood.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1947
Construction WOOD
Total area 2,125 SF
Lot 0.07 ac (2,856 SF)
Zoning code LAC2
APN 4009-003-012
UPID US09-7901522
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Michael A. Akong, MPH Medical Clinic Alternative Medicine Practice
  • Chiedozie Esiobu Counselor
  • Meshack Akong Counselor
  • Lesdy Moran Counselor
  • Charlie Coreas Counselor
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$2.43M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$2.45M
Owner & transaction history
Hope & Co Real Estate LLC · 4 yrs held
Hope & Co Real Estate LLC
since 2022
Last sale
$2.5M
5 recorded transactions
2022
$2.5M
2017
Price N/A
2004
Price N/A
1995
$42,000
1990
$566,000
Zoning & alternative use
LAC2 · Los Angeles, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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