Property Detail

Description

Investment Opportunity | Fully Occupied Mixed-Use AssetThis well-maintained mixed-use property totals 3,191 SF on a 7,405 SF lot and consists of four income-producing units, delivering immediate cash flow with clear upside potential. Current tenants are currently on month-to-month, providing flexibility for future rent growth. Tenants are willing to sign three years leases at their current rent in the first year and CPI increases in year two and three.The front building features two street-front retail tenants, including a long-standing neighborhood mini market and a fully remodeled barbershop, both of which have operated at the property for over 10 years, demonstrating strong tenant stability and consistent demand. The barbershop includes a back room, kitchenette, and bonus space. Both retail users benefit from strong foot and vehicle traffic, further supported by a K-12 charter school located directly across the street, contributing to steady daily activity.In the rear of the property, there are two residential units, both are two bedroom, one bath, currently rented, providing diversified income and helping reduce overall vacancy risk. The combination of retail and residential income creates a resilient and balanced cash-flow profile.The property is separately metered, with the roof reported in good condition. The asset offers day-one income with additional upside through future rent increases. Capital improvements totaling over $180,000 have been completed across the property.Area DescriptionLocated near the corner of Main Street and 41st Street, the property sits in an active, well-traveled pocket of Los Angeles surrounded by neighborhood-serving businesses, shops, markets, and service retailers. The area benefits from steady daily activity and consistent local demand.The site offers excellent regional connectivity, with quick access to the 110, 10, and 105 freeways, allowing convenient travel to Downtown Los Angeles and surrounding submarkets. Public transit is nearby, further enhancing accessibility for both tenants and customers.This is a compelling opportunity for investors seeking immediate cash flow, 1031 exchange placement, or a long-term hold in a proven urban corridor with built-in demand and future upside.Call Ray Mederos 805.866.8406or Roy Belson 818.620.2020 for more information or to schedule a tour.