5964 Florence Ave , Bell Gardens, CA 90201
$2,000,000
Est. Payment: $10,063.68/mo
0 Bed
0 Bath
5850 Sqft
Status: active | Days on site: 68
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VCR-C15903466 - VCR-C159091383,VCR-C159052275

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House Description

We are pleased to present 5960-5964 Florence Avenue, a 5,850-square-foot neighborhood strip center located in Bell Gardens, California, a densely populated community in southeast Los Angeles County. The property features a total of five units, one vacant and four occupied by service-oriented tenants operating under Modified Gross leases, delivering consistent cash flow with strong expense margins. The tenant mix includes a restaurant, juice bar, barber shop and laundromat businesses that serve daily neighborhood needs and demonstrate recession-resistant demand patterns. The property benefits from high street visibility along Florence Avenue, a primary east-west retail corridor connecting multiple municipalities. Anchored by a 1,850-square-foot laundry facility, the center provides essential services to a predominantly working-class, high-density residential trade area.All four tenants operate under Modified Gross lease structures with the landlord responsible for property taxes, building insurance, and common area trash service. Current aggregate annual base rent totals an estimated $172,740, generating a estimated Net Operating Income of $125,893. Lease expirations are staggered between 2023 and 2026, providing strategic rollover opportunities without significant income disruption. The weighted average rent across all tenants is $1.71 per square foot per month. The 1,850-square-foot laundromat anchor currently pays $1.17 per square foot, approximately 32% below the center average, presenting substantial rental upside upon its 2025 lease expiration. The Modified Gross structure provides expense predictability and landlord control over operating costs while maintaining strong net margins. All tenants serve neighborhood-based customer demographics with high repeat-visit frequency.Bell Gardens occupies a strategic position in the Southeast Los Angeles submarket, approximately 10 miles east of Downtown Los Angeles with direct access via Interstate 5 and State Route 710. Florence Avenue functions as a major arterial corridor connecting multiple municipalities and generating consistent vehicular and pedestrian activity. The immediate trade area features high-density multifamily residential development with limited single-family housing and strong renter demographics. Nearby demand drivers include Rio Hondo Community College (12,000+ students), Los Angeles County government facilities, and established retail nodes along Atlantic Boulevard and Garfield Avenue. The Southeast LA submarket is characterized by mature urban infill with constrained land availability, limited new retail construction, and high barriers to entry for competing properties.

Highlights

Listed by Oron Maher , 310-464-1453 Maher Commercial Realty , 310-464-1453. CRMLS/Multi-Regional MLS mls logo

Property Type

Commercial Sale

Lot/Acreage
0.32

Year Built

1963

County

Los Angeles

Area

T3 - Bell Gardens, Bell E of 710, Commerce S of 26

Listing ID

26841321

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:0
  • Full Bathrooms:

Exterior Features

Lot:Corner Lot,No Land Lease
Garage Capacity:21
Zoning:BGC4*
Others:2+ Total Units
Principal Interest
$10,064
Taxes
$1,275

Home Price

$2,000,000

Loan Details

30 yrs
6.453%

Down Payment

20%
$400,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$10,063.68

Principal

Taxes

Principal Taxes HOA Total
Monthly $10,063.68 $1,275.00 $0.00 $11,338.68
Yearly $120,764.21 $15,300.00 $0.00 $136,064.21
Total $3,622,926.17 $459,000.00 $0.00 $4,081,926.17

Today's Rates

30 Year

6.45%

20 Year

6.33%

15 Year

5.88%

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Market insight data is pulled from the same city as the listing being viewed (Bell Gardens, CA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Based on information from California Regional Multiple Listing Service, Inc. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. All properties are subject to prior sale, change or withdrawal.

IDX service by Blueroof 360

Data last updated: 2026-08-08T20:35:47.000Z

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