5628-5630 York Blvd 2,655 SF 33% Leased Retail Building Los Angeles, CA 90042 $1,200,000 ($451.98/SF)

Compass Real Estate is pleased to present 5628-5630 York Boulevard, a three-unit mixed-use investment property located on one of Northeast Los Angeles's most celebrated and rapidly appreciating commercial corridors. Situated in the Highland Park neighborhood, the offering consists of two ground-floor retail storefronts with direct York Boulevard frontage and a detached single-family residence positioned at the rear of the parcel, along with a gated parking lot and detached garage.
Two of the three units are currently vacant, creating an immediate opportunity for a new owner to reposition the asset, renovate to current market standards, and lease at full market rates. The in-place retail tenant (Ritual Fitness) operates on a month-to-month basis, providing operational flexibility. At full occupancy, the property is projected to generate approximately $165,000 in gross annual income — representing a compelling pro-forma cap rate of over 9.75%.
York Boulevard has firmly established itself as one of the most sought-after retail streets in Los Angeles. The corridor is home to award-winning independent restaurants, specialty retail, creative offices, and lifestyle concepts that draw both neighborhood residents and destination visitors from across the city. Vacancy along the corridor is historically low, and asking rents have risen consistently year-over-year, reflecting strong operator demand.
Metro A Line access at the nearby Highland Park Station broadens the effective trade area to include Pasadena, Downtown Los Angeles, and communities throughout the San Gabriel Valley. The property's C2 zoning permits a wide range of commercial uses, and the detached rear residence offers an unusual residential component that adds income diversity. This offering is ideally suited for value-add investors, owner-users, or operators seeking a long-term presence on one of LA's premier commercial corridors.