7355 Florence Ave
Downey, CA 90240
Contact For Estimate

7355 Florence Ave
Downey, CA 90240

  • 16,511 sqft
  • 56,097 sqft lot size
  • Single-Family Home
Off Market
Contact For Estimate
7355 Florence Ave
  • 15
  • See the local terrain and how close this home is to parks and main streets.

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  • Take a virtual walk around the neighborhood.

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  • 1 Elementary School

    1 Middle School

    1 High School

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  • Lowest crime relative to the rest of Los Angeles county.

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  • 98% of residents commute by car.

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  • 77 Restaurants

    12 Grocery stores

    8 Nightlife

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  • Get a feel for the community.

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Off Market

Home Details

Overview
  • Single-Family Home
  • Built in 1959
  • 56,097 sqft lot size
  • 16,511 sqft
  • $273/sqft
Description

Highlights Owner Spends Thousands of Dollars & A Big Reduction !!! of $300,000 /ASSUMABLE LOAN IS AVAILABLE Seller Cooperate But Do not Guarantee Very Motivated Seller. A Rare Opportunity With High Cap rate @8%+ The Area Is Highly Commercial and Residential Surrounded A Signalized Corner With Heavy Traffic 40,000+ Cars Per Day & A Busy Intersection is a major east west commuter road through the trade Lots of Synergy Highly Populated Area In One of the Best Area in Southern California in County of Los Angeles 1.26 Acer Land, and 53 Parking Space/Uniquely Is Located In Very Active Neighbordhood by Residentials, Shopping Centers,and Gas Station Big Reduction!!! of $300,000 Seller spend thousands of Dollor on the property for tenant's improvment. A Very Unique Opportunity of 8%+ Cap rate with long term tenant like 7Eleven, LIttle Caesars Pizza, PWS Coin Laundry, Dental Office along with other strong tenants like Linda Marques Insurance , Tax Services, Downey Escrow Company, Financial Co, Pap's Ice Cream, Clothing Store,and Hair Salon in the best Live Area of Downey City County of Los Angeles and Highly populated city in Southern California to acquire A 56,097SF Signalized Corner Land include A16, 511SF Well Maintained Buildings with 53 car space and -/+95% Occupancy . The property is surrounded by shopping centers and residential community and cross street from a Supermarket and Gas Station and many other regional and national tenants Florence Avenue and Tecum Dr. in 5 Mile Radius is 839,665+ in 3 Mile Radius 251,905+ In 1 Mile Radius 34,176+ Zoning : DOC4-P* Lot Acres : 1.29 County Use : Store & Office Land Use : Stores & Offices Lot Size : 56,097 Motivated Sellers. Buyers Must Verify All Information. DRE: 01453581

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Price Trends
Real Estate Trends
Average Listing Price for 90240
$827,517
Median Sale Price for 90240
$580,000
Average Sale price/sqft for 90240
$355/sqft
30% above listing price/sqft
Comparables and Estimates

Contact Info


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