3508 Firestone BlvdSouth Gate, CA 90280

Property Details for 3508 Firestone Blvd

Year built

1927

Construction

TILT-UP CONCRETE

Lot size

0.18 AC

Property size (Sq ft)

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.

• CAP approach

  CAP return

  Valuation

  6%

  $1,623,364

  6.5%

  $1,498,490

  7%

  $1,391,455

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,842,057

  Geo Method

  $1,842,057

• Alternative Use

  Use

  Valuation

  Residential

  $1,264,032

  Hospitality

  $1,157,847

  Educational

  $963,315

  Medical

  $996,445

  Retail

  $1,498,490

Location Insight

City

South Gate

County

Los Angeles

State

California

Latitude

33.9539

Longitude

-118.206

CBSA code

31080

CBSA name

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

Property Tax & Assessments

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