3508 Firestone Blvd South Gate, CA 90280-3032

Property Details for 3508 Firestone Blvd

Year built

1927

Construction

TILT-UP CONCRETE

Lot size

0.18 lot acres

Property size

3,844 SF

Zone code

SGCM*

Property type

Retail properties

APN

6210-016-001

APU

6210016001

Description

This exceptional investment opportunity presents a 4,660 square foot, L-shaped freestanding retail building situated on an 8,011 square foot lot in South Gate, California. The property, built in 1927 and renovated in 2021, features two units with 25% current occupancy and boasts a pro-forma NOI of $106,128 and a 7.10% pro-forma cap rate. The asking price is $1,495,000 ($320.82/sq ft). Located at 3508 Firestone Blvd, this single-story building benefits from approximately 80 feet of frontage on a major thoroughfare with approximately 38,000 cars passing daily, ensuring high visibility. On-site and ample street parking is available. The property is zoned SG-CM and is conveniently located less than 0.2 miles from South Gate City Hall and the Police Department, adjacent to a Jack in the Box, and near other retailers including Family Dollar, Taco Bell, and El Super. The area's strong demographics include over 60,000 residents within a 1-mile radius and over 450,000 within a 3-mile radius, offering significant potential for growth and return on investment. This owner/user opportunity is ideal for investors seeking a strong cash flow or businesses looking for a high-traffic location. The property's location near schools, including South Gate High School and Independence Elementary School, further enhances its appeal.

Location Insight

City

South Gate

County

Los Angeles

State

California

Longitude

-118.206

Latitude

33.9539

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments