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$ 2,195,000
Est. payment | /mo
0.32 Acres Lot
$ 2,195,000
Est. payment | /mo
0.32 Acres Lot
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 25616011
HOA Y/N No
Year Built 1963
Lot Size 0.320 Acres
Property Description
We are pleased to present 5960-5964 Florence Avenue, a +/-7,000 SF neighborhood strip center in the heart of Bell Gardens. The property is 100% occupied by five service-oriented tenants, a restaurant, juice bar, barber shop, printing service, and laundromat, providing steady cash flow and recession-resistant income. Located along Florence Avenue, a major east-west retail corridor with strong traffic counts and visibility, the center benefits from consistent local demand and a stable working-class customer base. Anchored by a +/-3,000 SF laundromat, the tenant mix serves essential neighborhood needs with high repeat business. All tenants operate under Modified Gross leases, with the landlord covering property taxes, insurance, and trash service. Current gross annual rent totals $181,400, generating an NOI of $167,767. Leases are staggered through 2026, offering stability with future rental upside, particularly from the laundromat anchor currently leased below market rates. Bell Gardens offers a strategic infill location approximately 10 miles east of Downtown Los Angeles with easy access to I-5 and the Long Beach Freeway. The surrounding area features high-density multifamily housing, strong renter demographics, and proximity to major demand drivers including Rio Hondo College, Los Angeles County offices, and established retail corridors on Atlantic Blvd and Garfield Ave. This property offers a rare opportunity to own a performing neighborhood retail asset in a mature Southeast LA submarket.
Location
State CA
County Los Angeles
Area T3 - Bell Gardens, Bell E Of 710, Commerce S Of 26
Zoning BGC4*
Interior
Fireplace No
Exterior
Total Parking Spaces 21
Building
Lot Description Corner Lot
Story 1
Others
Tax ID 6227006012
Special Listing Condition Standard
Listed by Oron Maher Maher Commercial Realty
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