Description

This mixed-use investment property presents a compelling value-add opportunity in a dense infill Los Angeles submarket, with significant potential for income growth through lease-up and rent repositioning. The asset consists of five units in total, including two retail spaces and three residential units, and is currently approximately 60% occupied. Existing vacancies in both the retail and residential components, combined with below-market rents, create an immediate opportunity for a new owner to enhance cash flow and increase overall asset value. The offering's pro forma financials assume the lease-up of vacant spaces and the adjustment of rents to prevailing market rates, highlighting the potential to capture meaningful upside through active management. Strategically located in a well-established neighborhood, the property benefits from strong residential demand, consistent retail traffic, and excellent access to major transportation corridors and local amenities. The surrounding mix of housing and neighborhood-serving businesses supports stable occupancy and long-term rental growth. Recent pricing adjustments have further enhanced the property's appeal, with the asset now offered at $899,000. Notable opportunities include increasing retail rents from approximately $1,100 to $1,500 per month, improving residential income through tenant turnover and market-rate leasing, and capitalizing on a diversified revenue stream generated by both retail and residential tenants. With strong street visibility, steady foot traffic, and a projected stabilized capitalization rate exceeding 8%, the property offers investors a clear path to value creation in a high-demand Los Angeles market.