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Value Add Mixed Use Opportunity 3333 Division St 5 Unit Apartment Building $1,099,999 ($220,000/Unit) 6.97% Cap Rate Los Angeles, CA 90065

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Investment Highlights

  • Great Foot Traffic
  • Great Unit Mix
  • Long Term Tenants
  • Mixed use

Executive Summary

This exceptional mixed-use property offers a rare opportunity to own a well-maintained triplex with two established retail spaces in front, situated in a highly desirable area of Los Angeles. Ideal for investors or owner-occupants, the property boasts excellent street visibility, foot traffic, and stable long-term tenants in both the residential and commercial units.
Subject Property: 5 Unit Total.
2 retail spaces plus 3 residential units.
Residential Triplex Features: (3 Units)
Three spacious units, each with thoughtful layouts.
Consistent rental income from long-term tenants, ensuring reliable cash flow.
Well-kept interiors with appliances in all units.
Retail Spaces: (2 Units)
Two retail units are located at the front of the property, each leased to long-standing businesses with a history of successful operations.
Prime street-level frontage is perfect for attracting customers and driving business traffic.
Location Highlights:
Situated in a vibrant neighborhood, surrounded by popular shops, restaurants, and entertainment venues.
Convenient access to major freeways and public transportation enhances the appeal for tenants and customers.
High-demand rental area with strong appreciation potential.
This is a fantastic opportunity for investors looking for a low-maintenance, mixed-use property in one of Los Angeles' most sought-after areas, offering steady income from residential and retail tenants. Don't miss this chance to own a prime piece of LA real estate!

Financial Summary (Pro Forma - 2025)

Annual Annual Per SF
Gross Rental Income $82,800 $23.00
Other Income - -
Vacancy Loss - -
Effective Gross Income $82,800 $23.00
Taxes $4,500 $1.25
Operating Expenses $2,300 $0.64
Total Expenses $6,800 $1.89
Net Operating Income $76,000 $21.11

Financial Summary (Pro Forma - 2025)

Gross Rental Income
Annual $82,800
Annual Per SF $23.00
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $82,800
Annual Per SF $23.00
Taxes
Annual $4,500
Annual Per SF $1.25
Operating Expenses
Annual $2,300
Annual Per SF $0.64
Total Expenses
Annual $6,800
Annual Per SF $1.89
Net Operating Income
Annual $76,000
Annual Per SF $21.11

Property Facts

Price $1,099,999
Price Per Unit $220,000
Sale Type Investment
Cap Rate 6.97%
No. Units 5
Property Type Multifamily
Property Subtype
Apartment
  • General Retail Storefront Retail/Residential
  • Office Office Residential
Apartment Style Low-Rise
Lot Size 0.08 AC
Building Size 3,600 SF
Average Occupancy 60%
No. Stories 1
Year Built 1965
Zoning (Q)C-1-1VL - Limited Commercial

Amenities

Unit Amenities

  • Air Conditioning
  • Ceiling Fans
  • Range
  • Large Bedrooms

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
2+1 1 $900.00 630
1+1 5 $900.00 630
Studios 9 $1,100 700 - 800

Property Taxes

Property Taxes

Parcel Number
5456-017-016
Land Assessment
$43,520
Improvements Assessment
$30,449
Total Assessment
$73,969
Annual Taxes
$4,500 ($1.25/SF)
Tax Year
2025
  • Listing ID: 33593084

  • Date on Market: 10/22/2024

  • Last Updated:

  • Address: 3333 Division St, Los Angeles, CA 90065

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