Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3411 Florence Ave Los Angeles, CA 90043-4601

    • Automotive properties
    • 5,659 SF
    • 0.59 lot acres
    OFF-MARKET
    Value Estimations
    $610,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-7198448
    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.

    Current Use by Public Records

    • ARCO / Gas Station
    • ampm / Specialty Food Shop / Supermarket
    • RockItCoin Bitcoin ATM / Currency Exchange Service / Crypto Atm
    • Florence Firehouse / (Bike/Boat/Book/etc) Store
    • Total by Verizon / Mobile Phone Store / Electronics & Wireless Store

    Property Details for 3411 Florence Ave

    Year built
    2017
    Lot size
    0.59 lot acres
    Property size
    5,659 SF
    Zone code
    LAC2
    Property type
    Automotive properties
    APN
    4006-033-016
    APU
    4006033016

    Description

    This exceptional retail space, located at 3411 W Florence Ave in Los Angeles, CA 90043, offers 5,659 square feet of prime commercial real estate. Currently, 1,244 square feet is available for lease within this single-tenant building. The property boasts a highly visible location within a bustling plaza, anchored by a well-established gas station and ampm convenience store, ensuring consistent foot and vehicle traffic. This translates to excellent exposure for your business, attracting both pedestrian and vehicular customers. The space itself is designed to maximize its appeal, featuring large glass windows that bathe the interior in natural light, creating an inviting and welcoming atmosphere. Internal features include a private office and a restroom, providing added convenience and functionality for a variety of retail or service businesses. This is an unparalleled opportunity to establish or expand your business in a thriving Los Angeles neighborhood with exceptional visibility and accessibility. The property's strategic location and attractive features make it an ideal choice for businesses seeking a high-impact presence in a busy commercial area. Don't miss this chance to secure a prime retail space in a high-traffic location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.331
    Latitude
    33.9749
    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
    $16,195
    $378,638
    $806,018
    $1,184,656
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      1,104 SF

      2530 Florence Ave

      VEHICLE SALES, RENTALS • 1,104 SF
      2530 Florence Ave, Los Angeles, CA 90043-5144
      View Details
    • Value Estimation by Request

      Los Angeles, CA 90043

      PARKING LOT
      Los Angeles, CA 90043
      View Details
    • Value Estimation by Request
      0.18 Acres

      3331 60th St

      PARKING LOT • 0.18 Acres
      3331 60th St, Los Angeles, CA 90043-3151
      View Details
    • Value Estimation by Request
      3,600 SF

      3663 54th St, Unit 3674

      PARKING LOT • 3,600 SF
      3663 54th St, Los Angeles, CA 90043
      View Details
    • Value Estimation by Request
      6,815 SF

      4417 11th Ave

      PARKING LOT • 6,815 SF
      4417 11th Ave, Los Angeles, CA 90043
      View Details
    • Value Estimation
      $600,000
      1,384 SF

      4661 Slauson Ave

      SERVICE STATION (FULL SERVICE) • 1,384 SF
      4661 Slauson Ave, Los Angeles, CA 90043-2721
      View Details

    Similar Nearby for Sale

    • $999,000

      Freestanding Building on Slauson Avenue

      High-visibility commercial building with flexible space and parking.
      3520 Slauson Ave W Slauson, Los Angeles, CA 90043
      View Details
    • $398,000
      3,180 SF

      Retail Building Near Transit Corridor

      Two-story retail building in Ladera Heights near upcoming transit.
      4717 Crenshaw Blvd, Los Angeles, CA 90043
      View Details
    • $1,390,000
      1,716 SF

      Slauson Ave Retail Investment

      Prime Los Angeles convenience store, high occupancy.
      3020 Slauson Ave, Los Angeles, CA 90043
      View Details
    • $1,390,000
      1,716 SF

      Los Angeles Commercial Property For Sale

      Commercial property with drive-through, recording studio, and expansion potential.
      3020 W Slauson Ave, Los Angeles, CA 90043
      View Details
    • Contact for pricing

      Established Roofing Business for Sale

      Profitable roofing business with inventory, vehicles, and client list.
      2930 W Florence Ave, Los Angeles, CA 90043
      View Details
    • $899,000
      1,950 SF

      Remodeled Mixed-Use Property in Los Angeles

      Remodeled mixed-use property featuring retail space and a two-bedroom apartment.
      2921 Florence Ave, Los Angeles, CA 90043
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space in Angeles Vista

      Retail space available in proposed grocer-anchored development.
      4401 West Slauson Ave, Los Angeles, CA 90043
      View Details
    • $36 SF/Yr
      3,410 SF

      Crenshaw Blvd Retail Spaces Available

      Prime Los Angeles Retail, Mixed-Use Opportunity
      5144 Crenshaw Blvd, Los Angeles, CA 90043
      View Details
    • $2 SF/Yr
      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
    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.
    3411 Florence Ave
    Los Angeles, CA 90043-4601
    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.