502 E 23rd St
Los Angeles, CA 90011
Wall Market · Retail Property For Sale

Marcus & Millichap is pleased to present to market 502 East 23rd Street, a five-unit mixed-use investment property in Los Angeles, California. The property is a two-story 1904 construction with retail space on the ground floor and four two-bed/one-bath apartments on the second-floor. The units are separately metered for gas and electricity, and all have hardwood floors. The property also features copper plumbing, new interior and exterior paint, a laundry room with two washers and two dryers, and four parking spaces. 502 East 23rd Street is located in a dense rental area just across the 10 Freeway from Downtown Los Angeles, one block from the Santee Education Complex, steps from Trinity Park, and less than a mile from the 110 Freeway. The property’s convenient access to freeways as well as the Metro Blue and Expo lines make it a great commuter option. Additionally, the property’s proximity to nearby retailers have earned it a WalkScore of 88. The retail space is currently vacant, offering a new investor the opportunity to lease up the space at market rate, and the apartments offer significant rental upside as well.