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27340681
27340700

3046 E Florence Ave, Huntington Park, CA 90255 For Sale

ES
CA 01358906
Dream Realty
Listed by Dream Realty
$7,489,000
288 days on market
Updated 9 days ago

Coin Laundry

Details
APN 6212-002-054
Property Type Retail
Sub Type Storefront
Square Footage 6,075
Net Rentable (SqFt) 6,075
Units 1
Cap Rate 9.16%
NOI $685,978
Occupancy 100%
Tenancy Single
Broker Co-Op Yes
Year Built 2021
Stories 1
Lot Size (SqFt) 16,579
Zoning CG
Investment Type Owner/User
Occupancy Date 03/15/2023
Ownership Owner occupied
Sale Condition 1031 exchange

Owner occupied built in 2023

Marketing description

An exclusive offering in Huntington Park, CA. This free-standing property with a coin laundry business boasts a modern 6,075 SF building on a spacious 16,579 SF lot. Built in 2021, the property features a high ceiling of 11" and is zoned for commercial general use. Priced at $7,989,000, the Sunshine Plaza offers a lucrative investment opportunity with a current cap rate of 8.58%. The financials for 2024-2025 show a strong net income of $685,978. With extensive parking at 1:18 ratio, this property is set to attract savvy investors seeking a prime location with solid returns. Don't miss out on this exceptional chance to own a profitable commercial property at the bustling Sunshine Plaza. Contact us today for more information and to schedule an exclusive tour through the listing agent.

Listing Contacts

ES
CA 01358906
Dream Realty
Listed by Dream Realty

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$685,978.00
$57,164.83/mo

Valuation Metrics

0
DSCR
9.16%
Cap Rate
9.16%
ROI

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Additional Information

Name
Elijah Shin
License
01358906
Brokerage
Dream Realty
Brokerage Phone
2135509009
Title
Real Estate Agent
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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