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3111 E Florence Avenue

Los Angeles (City), CA 90255
  • $17,546,666
  • STATUS: Active
  • ON SITE: 79 Days
  • ID#: DW21203724
UPDATED: 119 min ago
$17,546,666
  • 0
    BEDS
  • 1.4
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
2018
County:

School Ratings & Info

Listing Agent: Reyes Mejia of Realty Group Advisors


Description

Realty Group Advisors is pleased to present 3111 E Florence Avenue for sale in Huntington Park, California. This freestanding, single-tenant, 28,000-square-foot retail building sits on a 1.4-acre lot and is fully leased to Smart & Final, one of the longest operating food retailers in the United States. The property features excellent visibility at the signalized intersection of Florence Avenue and Mission Place, with a combined average daily traffic count of more than 33,000 vehicles. 3111 E Florence Avenue is easily accessible to consumers via I-710 to the east, I-110 to the west, I-105 to the south, and I-10 and I-5 to the north. Additionally, a bus stop along a 38-stop bus route is located directly in front of the building, and Dial-A-Ride taxi services are readily available. This accessibility allows the property to reach the strong surrounding demographics in the Huntington Park area, which is one of the most densely populated markets in Southern California. Within a five-mile radius of the building live more than 1 million residents, who contribute to a consumer spending total of over $7.2 billion. Located just seven miles south of Downtown Los Angeles, the property is situated along a well-established urban street retail district. It draws from the popular surrounding communities of Lynwood, Bell, and Maywood. With its ease of access and strong surrounding demographics, 3111 E Florence Avenue offers an excellent e-commerce-proof investment opportunity in the Gateway Cities district of southeastern Los Angeles County.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2021-12-04T00:27:26.463. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Realty ONE Group Southwest. Licensed in the State of California, USA.
www.necolrealty.com/homes/121459429
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3111 E Florence Avenue Los Angeles (City), CA 90255

  • Price: $17,546,666
  • Status: Active
  • On Site: 79 Days
  • Updated: 119 min ago
  • ID#: DW21203724
0
Beds
0
Baths
0
½ Baths
1.4
Acres
2018
Built
Neighborhood:
C37 - Metropolitan South
County:
Los Angeles
Area:
C37 - Metropolitan South
Property Description
Realty Group Advisors is pleased to present 3111 E Florence Avenue for sale in Huntington Park, California. This freestanding, single-tenant, 28,000-square-foot retail building sits on a 1.4-acre lot and is fully leased to Smart & Final, one of the longest operating food retailers in the United States. The property features excellent visibility at the signalized intersection of Florence Avenue and Mission Place, with a combined average daily traffic count of more than 33,000 vehicles. 3111 E Florence Avenue is easily accessible to consumers via I-710 to the east, I-110 to the west, I-105 to the south, and I-10 and I-5 to the north. Additionally, a bus stop along a 38-stop bus route is located directly in front of the building, and Dial-A-Ride taxi services are readily available. This accessibility allows the property to reach the strong surrounding demographics in the Huntington Park area, which is one of the most densely populated markets in Southern California. Within a five-mile radius of the building live more than 1 million residents, who contribute to a consumer spending total of over $7.2 billion. Located just seven miles south of Downtown Los Angeles, the property is situated along a well-established urban street retail district. It draws from the popular surrounding communities of Lynwood, Bell, and Maywood. With its ease of access and strong surrounding demographics, 3111 E Florence Avenue offers an excellent e-commerce-proof investment opportunity in the Gateway Cities district of southeastern Los Angeles County.
Exterior Features

Lot Features 0-1 Unit/Acre Sign On Property YN No

Property Features

Additional Parcels YN No Anchors Co Tenants Smart And Final Cap Rate 3.75 Common Interest None Laundry Features None Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms 1031 Exchange Net Operating Income 685000 Number Of Units Leased 1 Property Sub Type Retail Special Listing Conditions Standard Water Source Public



Based on information from California Regional Multiple Listing Service, Inc. as of 2021-12-04T00:27:26.463. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Realty ONE Group Southwest. Licensed in the State of California, USA.
 
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Realty ONE Group Southwest
41463 Margarita Rd. Suite 100
Temecula CA, 92591
Listing Agent: Reyes Mejia of Realty Group Advisors