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5805 Florence Avenue $2,200,000

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    5805 Florence Avenue Bell Gardens, CA 90201

    • 1,380 sq. ft.
    • 0.16 Acres
    • Commercial Sale
    • MLS# RS22155757
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    Views: 158 Days On Market: 136

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    Property Details

    The building was built in 1961 and had been operated as a Milk mini-mart for 50 years. ( Beer and Wine). The trade area is very strong with  Walmart neighborhood market, Food for Less, McDonald's, KFC, Applebees, Ross, Chase Bank, City bank, The Bicycle Hotel/ Casino, and many more high quilty retailers. Currently, it is an independent building Boba drink restaurant located at the corner of a crossroad with a lot of traffic in a community area consisting of a large shopping mall. Beer and wine licenses can also be obtained again.  High-demand investment building opportunity with significant rental upside.  Potential for owner user. Possible open  Beer and Wine with a chicken restaurant. New roof & HVAC.  Recently updated electrical and plumbing including the recently painted parking lot.Newly remodeled kitchen, plumbing, and drains.

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    Neighborhood

    90201 (Bell Gardens) Demographics

    30 Median Age
    16,610 Population Density (per sq. mile)
    11% College Educated
    $46,109 Estimated Median Income
    5,752 Estimated Total Home Owners
    18,480 Estimated Total Renters
    24% / 76% Estimated Owner / Renter Divide
    4 Estimated Average Household Size
    100,512 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $541,250 Median Sales Price
    4 Homes Sold
    6 New On Market

    Average Days on Market

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $2,200,000
        7/15/2022 12:48:00 PM New in Database Source: Multiple Listing Service New Value: $2,200,000

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        ** Assumes 3.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.
        Based on information from California Regional Multiple Listing Service, Inc. as of 11/28/2022 10:20:28 AM. 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.

        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.