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600 S Ditman Ave - Mixed Use in East LA (Store & House Vacant) 3 Unit Apartment Building Offered at $899,000 at a 6.63% Cap Rate Los Angeles, CA 90023
Investment Highlights
- Vacant Corner Market - Ideal for Owner-Operator or Investor (no Liquor/Beer license included)
- Retail store and single family home are vacant. Apartment (2Br+1Ba) is leased for $1,900/Month!
- Trust Sale: this property has been in the same family for over 40 years!
- Fantastic mixed use compound with incredible live/work or repositioning possibilities
- The tastefully remodeled Spanish-style home is perfect for an owner-occupant, family member, or high-quality tenant
- The property has 2 driveways, one for the commercial side and one for the house
Executive Summary
This property presents a rare mixed-use investment opportunity featuring 3 units on a single parcel, combining a retail storefront with residential income in a highly desirable East Los Angeles location between the 5 and 60 Freeways. The property consists of a vacant, appx 1,100 SF retail space, a renovated, vacant 2Br+1Ba house of appx. 728 SF, and a 2Br+1Ba apartment of appx. 500 SF that is currently leased at $1,900 per month to a long term tenant. The corner market and the single-family home are currently vacant, offering a new owner the ability to set market rents, reposition the asset, or pursue an ideal owner-user strategy. The retail store includes a 200 SF walk-in freezer, original shelving, counters, refrigerated cases, small kitchen, storage and bathroom. It presents significant upside potential and flexibility, as this could make a wonderful neighborhood-serving market, or live/work option for a new owner to live in the house and operate their business or creative studio out of the commercial space. The renovated Spanish-style SFR features a charming interior with decorative finishes and a faux fireplace, adding character and warmth that enhances its appeal for either owner occupancy or premium rental potential. The property also includes two on-site driveway parking spaces & a detached garage. Positioned in a dense, high-demand rental market with close proximity to major transportation corridors, the asset benefits from strong fundamentals and long-term appreciation potential.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$91,200
|
$41.01
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$2,736
|
$1.23
|
| Effective Gross Income |
$88,464
|
$39.78
|
| Taxes |
-
|
-
|
| Operating Expenses |
$28,878
|
$12.98
|
| Total Expenses |
$28,878
|
$12.98
|
| Net Operating Income |
$59,586
|
$26.79
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $91,200 |
| Annual Per SF | $41.01 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $2,736 |
| Annual Per SF | $1.23 |
| Effective Gross Income | |
|---|---|
| Annual | $88,464 |
| Annual Per SF | $39.78 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | $28,878 |
| Annual Per SF | $12.98 |
| Total Expenses | |
|---|---|
| Annual | $28,878 |
| Annual Per SF | $12.98 |
| Net Operating Income | |
|---|---|
| Annual | $59,586 |
| Annual Per SF | $26.79 |
Property Facts
Amenities
- Smoke Detector
Unit Amenities
- Dishwasher
- Disposal
- Fireplace
- Storage Space
- Washer/Dryer Hookup
- Heating
- Kitchen
- Hardwood Floors
- Range
- Tub/Shower
- Double Pane Windows
- Garden
- Porch
Site Amenities
- Storage Space
- Smoke Detector
1 1
Moderately walkable
60/100
Exceptionally drivable
90/100
Good public transit
60/100
Fairly bikeable
40/100
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600 S Ditman Ave - Mixed Use in East LA (Store & House Vacant)
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