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2432-2438 Daly St 6,619 SF 100% Leased Retail Building Los Angeles, CA 90031 $1,998,888 ($301.99/SF) 6.32% Cap Rate



EXECUTIVE SUMMARY
Excellent Mixed-Use Investment Opportunity in Lincoln Heights – 2432 Daly St. Los Angeles 90031. Offered at $1,988,888, this well-positioned 12-unit mixed-use property in the vibrant Lincoln Heights neighborhood presents a rare investment opportunity. Featuring a strong 6.32% Cap Rate and $165,700 cost per unit, the property delivers immediate income with significant long-term upside. The unit mix includes:(2) Street-level commercial storefronts,(8) One-bedroom, one-bath residential units and (2) Two-bedroom, one-bath residential units. Spread across 6,619 sq ft of living space on an 8,995 sq ft lot, the property offers a functional layout that simplifies management. All units are individually metered for gas and electricity. Located near Downtown Los Angeles, the Lincoln Heights area continues to benefit from strong rental demand and increasing property values. With an attractive price per unit and clear potential for rent growth and appreciation, this is a compelling addition to any investor's portfolio.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
6,619 SF
Building Class
C
Year Built
1929
Price
$1,998,888
Price Per SF
$301.99
Cap Rate
6.32%
NOI
$126,331
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.74
Lot Size
0.21 AC
Opportunity Zone
Yes
Zoning
C4, Los Angeles
Parking
6 Spaces (0.91 Spaces per 1,000 SF Leased)
Frontage
60’ on Daly
AMENITIES
- Bus Line
Walk Score®
Walker's Paradise (93)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 5204-012-014 | Total Assessment | $1,112,327 (2025) |
| Land Assessment | $501,801 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $610,526 (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
5204-012-014
Land Assessment
$501,801 (2025)
Improvements Assessment
$610,526 (2025)
Total Assessment
$1,112,327 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
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2432-2438 Daly St
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