3140-3154 W Florence Ave
Matthew Luchs and John Lally of Zacuto Group are pleased to exclusively present 3140-3154 W Florence Ave, a 100% occupied ±5,032 SF retail strip center situated on ±10,875 SF of land, just a few blocks east of the signalized intersection of W Florence Ave and S Crenshaw Blvd in Los Angeles, California.
The property is currently improved with a multi-tenant configured building, supported by 12 parking spaces in front and easy ingress/egress. Currently leased to four established local tenants — a coin laundry operator, a locksmith, a mini market, and a dry cleaner — with several tenants having occupied their spaces for many years. The average tenancy at the center is 16.95 years, reflecting the stability of the location and surrounding customer base.
Three of the four tenants are on short-term leases, giving investors and owner-users significant near-term flexibility — to mark rents to market, re-tenant, or reposition the mix. With a weighted average lease term of ~1.22 years, the asset is positioned for a fast path to income growth. For owner-users, the short-term lease structure enables strategic occupancy of a portion of the property (over 51% qualifies for SBA financing with as little as 10% down), while supplementing income from in-place tenants.
- 10.31% current cap rate / 17.50% proforma cap rate
- 100% occupied — coin laundry, locksmith, mini market, dry cleaner
- Ideal owner-user opportunity — over 51% available for SBA financing as little as 10% down
- ±5,032 SF retail building on ±10,875 SF (0.25 acres) of LAC2-zoned land
- Storefront exposure on W Florence Ave with ±36,347 vehicles per day
- 12 on-site parking spaces (2.38 / 1,000 SF ratio) — strong for the corridor
- Average tenant tenure of 16.95 years reflects location loyalty
- Walking distance to Metro K Line (Fairview Heights stop) and Florence / Crenshaw bus stop
- Inglewood-adjacent — minutes from Kia Forum, SoFi Stadium, and Intuit Dome
- Dense trade area: 140K residents within 2 miles, ~1M within 5 miles
