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    3330 Florence Ave Los Angeles, CA 90043-4791
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    Property profile & analytics

    3330 Florence Ave, Los Angeles, CA 90043-4791

    View on Map
    • Retail space
    • 5,562 SF
    • 0.33 lot acres
    Off-Market
    Property ID
    US09-6339856
    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
    $1,585,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Hong Kong Express / Restaurant
    • 7-Eleven / Grocery & Convenience Store
    • Amazon Locker - Cabeza / Postal Service / Courier Service
    • Metro by T-Mobile / Mobile Phone Store / Electronics & Wireless Store

    Property Details for 3330 Florence Ave

    Year built
    2000
    Construction
    TILT-UP CONCRETE
    Lot size
    0.33 lot acres
    Zone code
    LAC2
    Property type
    Retail space
    APN
    4012-016-019
    APU
    4012016019

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Feb 24, 2022 — 1201 Main Street LLC — Deed · related $1.6M · Hanmi Bank
    Oct 28, 2016 — 1201 Main Street LLC — Deed · related $1.8M · Logix FCU
    Jun 3, 2003 — 1201 Main St LLC Trani,tr Grant Deed · related $830k · Pacific Union Bank
    Feb 1, 2001 — Trani,nicholas R M & A Gabace LP Trustees Deed $800k · Financial Inst Partners Mtg
    Oct 27, 1999 $240,000 M Gabaee Union Oil, Grant Deed —

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,150,000
      6.5%
      $1,985,000
      7%
      $1,845,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,095,000
      Market price range: $341k - $1.10M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $1,675,000
      Current use
      MEDICAL BUILDING
      $2,535,000
      Change: +51% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $2,355,000
      Change: +41% Conversion: Moderate
      INDUSTRIAL (GENERAL)
      $1,575,000
      Change: -6% Conversion: Difficult
      WAREHOUSE, STORAGE
      $1,555,000
      Change: -7% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.331
    Latitude
    33.9742
    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
    $23,445
    $844,857
    $993,951
    $1,838,808
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $680,000
      10,538 SF

      4401 Slauson Ave

      RETAIL STORES (PERSONAL SERVICES)
      4401 Slauson Ave, Los Angeles, CA 90043-2717
      View Details
    • Value Estimation by Request
      3,550 SF

      2715 54th St

      RETAIL STORES (PERSONAL SERVICES)
      2715 54th St, Los Angeles, CA 90043-2643
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    • Value Estimation by Request
      1,800 SF

      4649 Crenshaw Blvd

      RETAIL STORES (PERSONAL SERVICES)
      4649 Crenshaw Blvd, Los Angeles, CA 90043-1209
      View Details
    • Value Estimation by Request
      1,722 SF

      5956 West Blvd

      Individual retail properties
      5956 West Blvd, Los Angeles, CA 90043
      View Details
    • Value Estimation
      $600,000
      1,988 SF

      3404 Florence Ave

      RETAIL STORES (PERSONAL SERVICES)
      3404 Florence Ave, Los Angeles, CA 90043-4602
      View Details
    • Value Estimation by Request
      800 SF

      2805 Florence Ave

      RETAIL STORES (PERSONAL SERVICES)
      2805 Florence Ave, Los Angeles, CA 90043-5109
      View Details

    Similar Nearby for Sale

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    • $899,000
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      Remodeled Mixed-Use Property in Los Angeles

      Remodeled mixed-use property featuring retail space and a two-bedroom apartment.
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      Established Roofing Business for Sale

      Profitable roofing business with inventory, vehicles, and client list.
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    • $398,000
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      Retail Building Near Transit Corridor

      Two-story retail building in Ladera Heights near upcoming transit.
      4717 Crenshaw Blvd, Los Angeles, CA 90043
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      1,950 SF

      Remodeled Mixed-Use Property

      Remodeled mixed-use property featuring retail space and residential unit.
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      3,180 SF

      Retail Building Near Transit Corridor

      Two-story retail building near upcoming Crenshaw/LAX Transit Corridor.
      4717 Crenshaw Blvd, Los Angeles, CA 90043
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    Similar Nearby for Lease

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      Retail Space in Angeles Vista

      Retail space available in proposed grocer-anchored development.
      4401 West Slauson Ave, Los Angeles, CA 90043
      View Details
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      400 SF

      Refurbished Retail Space Available

      Newly refurbished retail space for rent in Los Angeles.
      3140-3154 W Florence Ave, Los Angeles, CA 90043
      View Details
    • Contact for pricing

      New Mixed-Use Retail Spaces

      Retail units in new mixed-use development for lease.
      5144 S Crenshaw Blvd, Los Angeles, CA 90043
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      Creative Office/Retail Space in LA

      Flexible 1,800+ sqft space with parking in Leimert Park.
      3022 West 48Th St, Los Angeles, CA 90043
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      650 SF

      Prime Corner Retail/Office Space

      Versatile 650 sqft retail/office space in Hyde Park.
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    • Contact for pricing

      Established Shopping Center Near Rail

      Community shopping center adjacent to Hyde Park Crenshaw/LAX Light Rail.
      3300 West Slauson Ave, Los Angeles, CA 90043
      View Details

    Property Visit Statistics

    • Visits by month
      38.8k
    • Visitors by month
      25.2k
    • Avg Time on site
      8 min
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    Los Angeles, CA 90043-4791
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    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.

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