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$ 2,195,000
Est. payment | /mo
5,850 SqFt
$ 2,195,000
Est. payment | /mo
5,850 SqFt
Key Details
Property Type Commercial
Sub Type Comm Ind For Sale
Listing Status Active
Purchase Type For Sale
Square Footage 5,850 sqft
Price per Sqft $375
MLS Listing ID CL25616011
HOA Y/N No
Year Built 1963
Lot Size 0.320 Acres
Acres 0.32
Property Sub-Type Comm Ind For Sale
Property Description
We are pleased to present 5960-5964 Florence Avenue, a 5,850-square-foot neighborhood strip center located in Bell Gardens, California, a densely populated community in southeast Los Angeles County. The property features a total of five units, one vacant and four occupied by service-oriented tenants operating under Modified Gross leases, delivering consistent cash flow with strong expense margins. The tenant mix includes a restaurant, juice bar, barber shop and laundromatbusinesses that serve daily neighborhood needs and demonstrate recession-resistant demand patterns. The property benefits from high street visibility along Florence Avenue, a primary east-west retail corridor connecting multiple municipalities. Anchored by a 1,850-square-foot laundry facility, the center provides essential services to a predominantly working-class, high-density residential trade area.All four tenants operate under Modified Gross lease structures with the landlord responsible for property taxes, building insurance, and common area trash service. Current aggregate annual base rent totals an estimated $172,740, generating a estimated Net Operating Income of $125,893. Lease expirations are staggered between 2023 and 2026, providing strategic rollover opportunities without significant income disruptio
Location
State CA
County Los Angeles
Zoning BGC4
Interior
Fireplace No
Exterior
Total Parking Spaces 21
Building
New Construction No
Others
Tax ID 6227006012
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Listed by Oron Maher • Maher Commercial Realty
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