3111 E Florence Ave, Los Angeles, CA 90255
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3111 E Florence Ave Los Angeles, CA 90255

$17,250,000 Sold Price as of 03/18/2022
  • -- Beds
  • -- Baths
  • 28,000 Sq.Ft.
Sold
$17,250,000 Sold Price as of 03/18/2022 Refinance Your Mortgage

Map preview of 3111 E Florence Ave, Los Angeles, CA 90255

Property Overview: 3111 E Florence Ave Los Angeles, CA has -- bedrooms, -- bathrooms, 28,000 living square feet and 60,984 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Realty Group Advisors is pleased to present 3111 E Florence Avenue for sale in Huntington Park, California. This freestanding, single-tenant, ±28,000-square-foot retail building sits on a ±1.4-acre lot and is fully leased to Smart & Final, one of the longest operating food retailers in the United States. The property features excellent visibility at the signalized intersection of Florence Avenue and Mission Place, with a combined average daily traffic count of more than 33,000 vehicles. 3111 E Florence Avenue is easily accessible to consumers via I-710 to the east, I-110 to the west, I-105 to the south, and I-10 and I-5 to the north. Additionally, a bus stop along a 38-stop bus route is located directly in front of the building, and Dial-A-Ride taxi services are readily available. This accessibility allows the property to reach the strong surrounding demographics in the Huntington Park area, which is one of the most densely populated markets in Southern California. Within a five-mile radius of the building live more than 1 million residents, who contribute to a consumer spending total of over $7.2 billion. Located just seven miles south of Downtown Los Angeles, the property is situated along a well-established urban street retail district. It draws from the popular surrounding communities of Lynwood, Bell, and Maywood. With its ease of access and strong surrounding demographics, 3111 E Florence Avenue offers an excellent e-commerce-proof investment opportunity in the Gateway Cities district of southeastern Los Angeles County.

Listed by Reyes Mejia | BRE #01868073 | Realty Group Advisors
Last checked: 8 minutes ago | Last updated: April 9th, 2022 | Source CRMLS | DOM: 94

Home details

Lot Sq. Ft
60,984
HOA Dues
$0/mo
Year built
2018
Garage
--
Property Type:
Retail
Status
Sold
MLS#
DW21203724
City
Los Angeles
County
Los Angeles
Time on Site
1099 days
Property Unit Breakdown
Unit Mix Summary
  • Total # of Units: --
  • Total # of Buildings: 1
  • # of Leased Units: 1
Property Income/Expense Information
Property Income and Analysis
  • Cap Rate: 3.75%
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: --
  • Net Operating Income: $685,000
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 3111 E Florence Ave

Interior Features
Laundry Information
  • None
Lot Details / Garage and Parking
Lot Information
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Parcel Number: 6323021033
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Between miles and state st
View more facts & features

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Sale History for 3111 E Florence Ave

Last sold for $17,250,000 on March 18th, 2022
  • September, 2021

  • Sep 15, 2021

    Date

    Active

    CRMLS: DW21203724

    $17,546,666

    Price

Tax History for 3111 E Florence Ave

Recent tax history for this property
Year Land Value Improved Value Assessed Value
The tax history for this property will expand as we gather information for this property.

Home Value Compared to the Market

This property vs the competition

3111 E Florence Ave sold on March 18, 2022 for 1466.67% higher than the current median sold price for the city of Los Angeles which is $1,120,000. The median sold price per/sqft for Los Angeles is $724 and this home is sold at $626.67 per/sqft which puts the price per square foot 13.44% lower than the current median sale per square foot for the city of Los Angeles.

About 3111 E Florence Ave

Detailed summary of property

3111 E Florence Ave is a retail that recently sold in Los Angeles, CA 90255. This retail property offered -- bedrooms, -- bathrooms, roughly 28,000 living square feet, and sits on an approximately 60,984 square foot lot. 3111 E Florence Ave was first listed on ArdentRealEstateGroup.com on September 16, 2021. The homeowner sold the property for $17,250,000. Home in Los Angeles are selling for a median price of $1,120,000 and a median price per square foot of $724. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 1466.67% higher than the current median priced home. While the average home in Los Angeles, CA is selling in 106 days, 3111 E Florence Ave has a days on market of 94 days. There are currently 4052 homes for sale in the Los Angeles real estate market and 2782 of them are single family homes while 1148 of them are condos and 116 are townhomes. For more information on this home for sale at 3111 E Florence Ave Los Angeles, CA 90255 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 3111 E Florence Ave

Public county record property details
Beds
--
Baths
--
Year built
--
Sq. Ft.
--
Lot Size
--
Stories
--
Type
--
Pool
--
Spa
--
County
--
Lot#
--
APN
--

The source for these homes facts are from public records.

90255 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$599,000
Median List Price/Sq.Ft.
$478
Median Sold Price
$685,000
Median Sold Price/Sq.Ft.
$479
Total Inventory
30
Median Sale to List Price %
105.4%
Avg Days on Market
11
Loan Type
Conventional (75%), FHA (25%), VA (0%), Cash (0%), Other (0%)

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Homes for Sale Near 3111 E Florence Ave

Nearby Homes for Sale

Based on information from California Regional Multiple Listing Service, Inc. as of 2019. 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.