Contacts

Fariba Kavian

NAI Capital

(310) 806-6114

Property Details

Property Type Retail - Strip
Property Size 8,781 SF
Units 6
Lot Size 0.49 Acre
Property Tenancy Multi-Tenant
Year Built 1951
Date Updated Apr 23, 2024

Huntington Park is a city located in Los Angeles County, California. It is situated southeast of downtown Los Angeles and is part of the Greater Los Angeles metropolitan area. The property is located on the south-east corner of E. Florence Ave. & Santa Fe Ave. Florence Ave is a major east-west connector just like Santa Fe is a north-south connecting street. This signalized intersection enjoys an excellent high traffic count of close to 53,200 vehicles per day.The property is a highly prized small strip center consisting of approximately 8,781 sf of building situated on an approximately 27,274 sf lot. The buildings are divided into a single tenant 1,850+/- sf pad building on the hard corner and an L-shaped strip in the back with a surface parking lot in the middle offering ample parking of over 3 spaces per 1,000 sf. The tenants benefit from easy access via ingress/egress from E. Florence Ave. as well as Santa Fe Ave. Both Florence Ave. as well as Santa Fe Ave. are highly traveled streets resulting in a high average daily traffic count of almost 53,200 vehicles per day. Furthermore, the property is surrounded by a mix of residential and commercial developments, ensuring a steady flow of foot and vehicular traffic. The property does show signs of deferred maintenance with the parking lot as well as the building requiring visible repairs. Furthermore, most the tenants have not had rental increases required in the leases enforced as well as some not even paying the correct base rental rates. Furthermore, no annual CAM reconciliations have been done and therefore no increases in common area costs have been passed through. Many of the leases are below market and either on a month to month basis or in default and may afford upside.

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Highlights

Located at Signalized Hard Corner
High Traffic Count of Almost 53,200 Vehicles Per Day
Substantial Upside Due to Below Market Rents
Potential Owner-User Opportunity
Extremely Dense Demographics of Approx. 61K People w/in a 1-Mile Radius
Close to Major Retailers such as Food 4 Less, Carl's Jr., Buffalo Wild Wings, Shell, McDonald's & Others

Attachments

2400 E Florence Offering Memorandum (PDF) opens in new window

Getting around

94/100
Walk Score ®
60/100
Transit Score ®
60/100
Bike Score ®

Powered by Walk Score ®

City Huntington Park, CA
Neighborhood Huntington Park
Zip Code 90255
Market Los Angeles

Points of Interest

Florence

0.76 miles
Firestone

1.26 miles
Slauson

1.27 miles
Vernon

2.14 miles
103rd Street/Watts Towers

2.33 miles
Willowbrook/Rosa Parks

3.23 miles
Washington

3.24 miles
Long Beach Boulevard

3.62 miles
Avalon

3.83 miles
San Pedro Street

3.93 miles

Shell

1.99 miles
Speedway Express

2.13 miles
Chevron

2.42 miles
Valero

2.49 miles
Chevron

2.50 miles
76

3.14 miles
Shell

3.20 miles
Mobil

3.21 miles
76

3.24 miles
Food 4 Less

3.33 miles

Metro Park and Ride

0.75 miles
LADWP Lot

2.33 miles
Metro Park and Ride

2.43 miles
Slauson Park And Ride

3.02 miles
Manchester Park And Ride

3.06 miles
Slauson Park And Ride

3.10 miles
Manchester Park And Ride

3.11 miles
Century Sheriff's Station

3.21 miles
Willowbrook Park And Ride

3.29 miles
Long Beach Blvd Park And Ride

3.60 miles

Carl's Jr.

0.04 miles
Tacos El Gavilan

0.06 miles
Avila’s El Ranchito

0.29 miles
Gloria's Restaurant

0.54 miles
Leonardos De Huntington Park

0.55 miles
El Sinaloense

0.72 miles
Ray's BBQ

0.84 miles
In-N-Out Burger

0.92 miles
Carl's Jr.

1.18 miles
McDonald's

1.62 miles

Food 4 Less

0.15 miles
El Super

1.36 miles
Northgate Supermarket

1.89 miles
Northgate Market

1.90 miles
Alameda Swap Meet

2.02 miles
Numero Uno Market

2.43 miles
Superior Grocers

2.53 miles
Lucky

2.74 miles
Walmart Supercenter

2.79 miles
Marshalls

2.86 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

2400 E Florence Ave