4272 Florence Ave - Storefront Retail/Residential FOR SALE


Bell, CA 90201
$1,995,000 USD
310-425-9838
4272 Florence Ave, Bell, CA for Sale
$1,995,000 USD
Storefront Retail/Residential - FOR SALE
1/17
null | 2.26% Cap Rate

4272 Florence Ave
Bell, CA 90201


HIGHLIGHTS

  • DRAMATIC $500K PRICE REDUCTION!!
  • This is a Street to Street lot from Florence Ave. To Walnut St. Consisting of 35,728 sq.ft.. 105 feet of street frontage on Florence
  • The City Planing Department indicated that 24 Apartment units can be built on the site. Buyer to verify.
  • 4272 Florence Blvd. currently has just over 12,000 sq.ft of mixed use building built around 1920.
  • The LA County property tax assessor recently appraised the property at $3.1M for property tax purposes.
  • Then there is a 4 bedroom + 2 bath 2,100 sq.ft. house on Walnut St.

OVERVIEW

DRAMATIC $500K PRICE REDUCTION!! This is a Street to Street lot from Florence Ave. To Walnut St. Consisting of 35,728 sq.ft.. 105 feet of street frontage on Florence The Northern half of the property is Zoned C-3R and the Southern 1/2 is zoned R3. The City Planing Department indicated that 24 Apartment units can be built on the site. Buyer to verify. This property has the same size lot and same zoning as the property located at 4324 Florence Blvd. . 4324 Florence blvd. is a 72 unit 46,399 sq. ft. property which is being run as a Senior Apartment Complex 4272 Florence Blvd. currently has just over 12,000 sq.ft of mixed use building built around 1920. 11.73 GRM at Market Rents There is a single story 8,675 sq. Ft (which also has an additional 3,100 sq. Of mezzanine storage space). The 8,675 sq. Ft building fronts Florence Ave and features 5 retail storefront units and 2 units that are rented as residential rental units. Then there is a 4 bedroom + 2 bath 2,100 sq.ft. house on Walnut St. Finally, a stand alone 2 story house of about 1,260 sq. Ft. Currently, total rent is a very low $9,410/mo The LA County property tax assessor recently appraised the property at $3.1M for property tax purposes.

FOR SALE DETAILS

PRICE

$1,995,000 USD

PRICE/SF

$230 USD /SF

CAP RATE

2.26%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1920

SPRINKLERS

-

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.82 AC

LAND SF

35,702 SF

ZONING

BLC3R-R3*

APN/PARCEL ID

6225-004-400

ASK ABOUT THIS PROPERTY

Michael MilleaThe Ensbury GroupMore Info
310-425-9838

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Michael MilleaThe Ensbury GroupMore Info
310-425-9838

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.