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23250054
23250077

2667 E Florence Ave, Huntington Park, CA 90255

PY
CA CA 02024663
Kidder Mathews
KM
CA 01181838
Kidder Mathews
Listed by Kidder Mathews
$19,200,000
400 days on market
Updated 97 days ago
Opportunity zone

Strip Oriented Retail Center with Recent Renewals

Details
Property Type Retail
Sub Type Restaurant, Shopping Center (+1)
Square Footage 39,859
Units 24
Cap Rate 5.65%
NOI $1,083,862
Occupancy 100%
Tenancy Multi
Brand/Tenant Yoshinoya, Baskin Robbins
Lease Type NNN
Rent Bumps Yes
Broker Co-Op Yes
Year Built 1988
Year Renovated 1988
Buildings 3
Stories 1
Lot Size (SqFt) 106,286
Zoning HPCG
Investment Type Stabilized
Ownership Fee Simple

40K SF 100% Occupied Shopping Center in Dense Los Angeles Submarket

Marketing description

Introducing Plaza De La Fiesta - a thriving and fully leased 40,000 SF shopping center located at 2661 & 2667 E Florence Ave & 7119 Seville Ave in bustling Huntington Park, Los Angeles, CA. This prime property is strategically situated in the high-density area, offering a variety of restaurants and essential service providers. The center boasts a stable rent roll with a 100% occupancy rate, featuring a resilient mix of tenants that cater to diverse consumer needs. Investors will appreciate the internet-resistant tenant lineup that contributes to a synergistic center, ensuring continuous foot traffic and sustainable income streams. Plaza De La Fiesta benefits from its signalized corner location on Florence, making it a go-to destination for locals and maximizing visibility and accessibility. Acquire Plaza De La Fiesta and tap into the potential of this high-performing shopping center in the heart of Huntington Park.

Investment highlights

  • Strong in-place tenancy with daily visitor draw

  • 100% Occupied with mix of National restaurants, local favorites, and daily needs

  • Signalized intersection of Florence and Rita

  • Just off major intersection of Florence and Pacific

  • High density urban in-fill location with over 50K cars/day

  • Located in densely filled Huntington Park with 1M population in 1 mile radius

  • Separately parceled asset

Listing Contacts

PY
CA CA 02024663
Kidder Mathews
KM
CA 01181838
Kidder Mathews
Listed by Kidder Mathews

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$1,083,862.00
$90,321.83/mo

Valuation Metrics

0
DSCR
5.65%
Cap Rate
5.65%
ROI

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Additional Information

Name
Patrick Ylagan
License
CA 02024663
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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