For Sale
$6,400,000

2548 Florence AveHuntington Park, CA 90255

Prime location, high NOI, strong tenants.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a fully leased, 16,737 square-foot multi-tenant property situated at 2548, 2566 E Florence Ave in Huntington Park, California. Comprising two buildings on a 34,827 square-foot lot (APN: 6201-004-026, 007), this center boasts nine units currently 98% occupied by a diverse mix of medical, retail, and office tenants. The property features a strong tenant base, including national credit tenants, established well before the COVID-19 pandemic, demonstrating resilience and continued success. Over 80% of the tenants are classified as essential businesses, maintaining operations throughout the pandemic. The property generates a substantial net operating income (NOI) of $287,880, yielding a 4.00% cap rate at an asking price of $6,400,000. Located at a major intersection, this high-traffic location benefits from significant pedestrian and automobile visibility. This offering presents a compelling value-add opportunity with potential for significant rental increases, making it an attractive investment prospect in the thriving Los Angeles County market. The property is categorized as Retail, Office, with a subtype of Medical Office, Commercial, and Store, operating under a Net Lease agreement.

Highlights

  • Huntington Park location.
  • $7,200,000 asking price.
  • Nine-unit multifamily property.
  • Two-building portfolio.
  • 16,737 square feet total building area.
  • 34,827 square feet land area.

Property Details for 2548 Florence Ave

Property type
Retail properties, Office properties
Square Feet
16,737 SF
Buildings
2
Units
9

Location Insight

City
Huntington Park
County
Los Angeles
State
California
Latitude
33.9740068
Longitude
-118.2258445
2548 Florence Ave, Huntington Park, California

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2548 Florence Ave
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