For Sale
$1,495,000

3508 Firestone BlvdSouth Gate, CA 90280

L-shaped storefront, high traffic area, great potential.

Overview

Added:
Dec 11, 2024
Days on market:
114
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.

Highlights

  • 4,660 SF freestanding retail building on an 8,011 SF lot in South Gate, CA.
  • Less than 0.2 miles from South Gate City Hall.
  • Adjacent to Jack in the Box, near other retailers, and on a major thoroughfare with approx. 38,000 cars daily.
  • Excellent demographics: over 60,000 residents within 1 mile, over 450,000 within 3 miles.
  • $1,495,000 asking price ($320.82/SF), 7.10% pro-forma cap rate, $106,128 pro-forma NOI.

Property Details for 3508 Firestone Blvd

Property type
Retail properties, Retail space
Square Feet
4,660 SF
Year Built/Renovated
1927/2021
Buildings
1
Stories
1
Units
2

Location Insight

City
South Gate
County
Los Angeles
State
California
Latitude
33.954120423559
Longitude
-118.20542875213
3508 Firestone Blvd, South Gate, California

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3508 Firestone Blvd
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