Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    324 Florence Ave Inglewood, CA 90301-1104
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    324 Florence Ave Inglewood, CA 90301-1104

    View on Map
    • Warehouses
    • 4,250 SF
    • 0.21 lot acres
    Off-Market
    Last Sale Aug 22, 2024
    Property ID
    US09-9632907
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $925,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Barts Carts / Take-out & Catering / Catering Service
    • The Margarita Man Los Angeles / Catering Service / Take-out & Catering

    Property Details for 324 Florence Ave

    Year built
    1977
    Construction
    TILT-UP CONCRETE
    Lot size
    0.21 lot acres
    Property size
    4,250 SF
    Zone code
    INM1*
    Property type
    Warehouses
    APN
    4020-006-028
    APU
    4020006028

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,070,000
      6.5%
      $985,000
      7%
      $915,000

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $1,250,000
      Current use
      RETAIL STORES
      $1,510,000
      Change: +21% Conversion: Moderate
      OFFICE BUILDING
      $1,430,000
      Change: +14% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $1,175,000
      Change: -6% Conversion: Difficult

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Inglewood
    County
    Los Angeles
    State
    California
    Longitude
    -118.361
    Latitude
    33.9652
    CBSA code
    31080
    CBSA name
    LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $18,103
    $992,105
    $390,864
    $1,382,969
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      215,455 SF

      9020 Aviation Blvd

      Distribution properties • 215,455 SF
      9020 Aviation Blvd, Inglewood, CA 90301
      View Details
    • Value Estimation
      $9,455,000
      82,364 SF

      361 Oak St

      WAREHOUSE, STORAGE • 82,364 SF
      361 Oak St, Inglewood, CA 90301
      View Details
    • Value Estimation
      $4,925,000
      41,909 SF

      808 Hindry Ave

      WAREHOUSE, STORAGE • 41,909 SF
      808 Hindry Ave, Inglewood, CA 90301-3013
      View Details
    • Value Estimation
      $1,875,000
      12,392 SF

      240 Florence Ave

      WAREHOUSE, STORAGE • 12,392 SF
      240 Florence Ave, Inglewood, CA 90301-1377
      View Details
    • Value Estimation
      $2,795,000
      17,955 SF

      8505 La Cienega Blvd

      WAREHOUSE, STORAGE • 17,955 SF
      8505 La Cienega Blvd, Inglewood, CA 90301-2117
      View Details
    • Value Estimation
      $1,535,000
      12,483 SF

      320 Eucalyptus Ave

      WAREHOUSE, STORAGE • 12,483 SF
      320 Eucalyptus Ave, Inglewood, CA 90301
      View Details

    Similar Nearby for Sale

    • $1,890,000
      7,000 SF

      Inglewood Industrial Space - Prime Location

      Modern Industrial Building, Ready for Occupancy
      414 Florence Ave, Inglewood, CA 90301
      View Details
    • Contact for pricing
      12,540 SF

      Inglewood Multifamily Property For Sale

      Multifamily property with 12 units in Inglewood, California.
      427 E Tamarack Ave, Inglewood, CA 90301
      View Details
    • $1,350,000

      Inglewood Commercial Property For Sale

      Commercial property with established dental practices in a visible location.
      145 N Prairie Ave, Inglewood, CA 90301
      View Details
    • $2,500,000
      15,831 SF

      Inglewood Mixed-Use Redevelopment Opportunity

      Mixed-use retail/medical office building in prime Inglewood location.
      317 S La Brea Ave, Inglewood, CA 90301
      View Details
    • Contact for pricing
      8,034 SF

      Inglewood Commercial Building on La Brea

      Commercial building with high-volume ceiling, ideal for creative uses.
      1112 S La Brea Ave, Inglewood, CA 90301
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      5,217 SF

      Inglewood Warehouse Near 405 Freeway

      Warehouse space near Culver City and LAX with loading doors.
      120-136 N Ash Ave, Inglewood, CA 90301
      View Details
    • Contact for pricing
      6,764 SF

      LAX Dock High Unit

      Refurbished warehouse with creative offices near 405 freeway.
      9610-9680 S La Cienega Blvd, Inglewood, CA 90301
      View Details
    • Contact for pricing

      Inglewood Industrial Building Available

      215,455 SF industrial building for lease in Inglewood.
      9020 Aviation Blvd, Inglewood, CA 90301
      View Details
    • Contact for pricing
      5,000 SF

      Inglewood Industrial Space Available

      Industrial space with M1 zoning and truck loading doors.
      555 Isis Ave, Inglewood, CA 90301
      View Details
    • Contact for pricing
      215,455 SF

      West LA E-Commerce Opportunity

      Industrial property with immediate access to LAX and major freeways.
      9020 Aviation Blvd, Inglewood, CA 90301
      View Details
    • Contact for pricing

      Industrial Property Fully Leased

      Industrial property in Inglewood, CA, currently 100% leased.
      8915 S La Cienega Blvd, Inglewood, CA 90301
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    324 Florence Ave
    Inglewood, CA 90301-1104
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!