Listed by Rose&Co Group
$849,000
2214-2218 W Florence Ave
Details
APN 4009-001-004
Property Type Retail
Sub Type Storefront
Square Footage 2,500
Units 4
Cap Rate 3.33%
NOI $28,344
Occupancy 75%
Tenancy Multi
Pro-Forma Cap Rate 5.66%
Pro-Forma NOI $48,144
Price per SqFt $340
Year Built 1941
Zoning LAC2
Parking Spaces 6 spaces
Parking per 1,000 SqFt 2.40
Investment Type Value Add
Ground Lease No
Retail | 3.33% CAP | 2,500 SqFt
Marketing description
Four-unit neighborhood retail center located on a high-traffic commercial corridor with approximately 38,000 vehicles per day. The property offers immediate upside through leasing the vacant suite and potential rent growth from existing month-to-month tenants. Separately metered units, on-site parking, and recent property improvements provide investors with a compelling value-add opportunity.
Investment highlights
- Four retail commercial units featuring separately metered spaces and private restrooms for each tenant
- Three occupied units currently leased on a month-to-month basis at $1,650 per month, presenting strong opportunity for future rent increases
- One recently vacated unit allowing for immediate occupancy or new tenant placement.
- Approximately seven designated parking spaces with convenient front and rear access for tenants and customers.
- Ownership reports recent roof, plumbing, and electrical upgrades, which help reduce near-term capital expenditure requirements.
Listing Contacts
Listed by Rose&Co Group
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$28,344.20
$2,362.02/mo
Valuation Metrics
0
DSCR
3.34%
Cap Rate
3.34%
ROI
Map
Zoning
R2-1-CUGU OverlayTwo Family Residential Clean Up Green Up Overlay
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View all 623 uses Last updated Jun 22, 2026 For deeper zoning details, reports are available at Zoneomics
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