Versatile Commercial Property in Los Angeles

2655 Short St, Los Angeles, CA 90023

View on Map

For Sale

$1,499,000

Free-standing commercial property in a dynamic Los Angeles neighborhood.

Property size:

4,382 SF

Lot size:

0.16 Acres

Price / SF:

$342/SF

HighLights

Free‑standing commercial property in a dynamic, fast‑growing Los Angeles neighborhood (Boyle Heights).
Currently configured as four tenant‑occupied units generating steady income.
Zoned for light manufacturing with flexible potential uses (retail, restaurant, automotive, fitness, creative space).
Adaptable layout appealing to both investors and owner‑users.
Located on a 7,001 SF lot with a 4,382 SF building.
Represents both stability and growth potential in an evolving commercial and cultural hub.

We can help!

Contact an agent

Tess Marquez

For Sale

$1,499,000

Free-standing commercial property in a dynamic Los Angeles neighborhood.

Property size:

4,382 SF

Lot size:

0.16 Acres

Price / SF:

$342/SF

Added:: Apr 21, 2025
Days on Market:: 444
Last Refresh:: Jun 29 at 9:34 pm

Property Features for 2655 Short St

General Information

Standard status: Active
Size: 4,382 SF
Lot size: 0.16 Acres

We can help!

Contact an agent

Tess Marquez

Listing office Century 21 Masters

Listing date Apr 21, 2025

Source Exprealty

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Century 21 Masters

HighLights

Free‑standing commercial property in a dynamic, fast‑growing Los Angeles neighborhood (Boyle Heights).
Currently configured as four tenant‑occupied units generating steady income.
Zoned for light manufacturing with flexible potential uses (retail, restaurant, automotive, fitness, creative space).
Adaptable layout appealing to both investors and owner‑users.
Located on a 7,001 SF lot with a 4,382 SF building.
Represents both stability and growth potential in an evolving commercial and cultural hub.

Overview

This free-standing commercial property is located in a dynamic and fast-growing neighborhood of Los Angeles. The building, which measures approximately 4,382 square feet, is situated on a 7,001 square foot lot. Currently, the property is configured into four tenant-occupied units, generating income. The zoning is for light manufacturing, but the property also offers flexible potential uses such as retail, restaurant, automotive, fitness, or creative space. Buyers should verify potential uses with the city. The adaptable layout makes it appealing for investors seeking long-term returns or owner-users looking to establish their business in a high-demand location. This property represents both stability and growth potential as Boyle Heights continues to evolve as a hub for commerce, culture, and development.

Local Financial Insights For Specialty Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$162.0k	$36.96
− Vacancy	−$3.7k	−$0.85
EGI	$158.2k	$36.11
− OpEx	−$39.6k	−$9.03
NOI	$118.7k	$27.08

4,382 SF · lease $36.96/SF/yr · vacancy 2.30% · expense 25.00%

Alternative Uses

Best Use

Specialty Retail

$1.70M

$1.48M – $1.98M (±1% cap)

NOI $118,675 @ 7.0% cap · market cap 7.92%

Second Best

Retail

$1.45M

$1.27M – $1.69M (±1% cap)

NOI $101,694 @ 7.0% cap · market cap 6.78%

Theoretical Best

Multifamily LT 5

$88.78M

$77.68M – $103.57M (±1% cap)

NOI $6,214,368 @ 7.0% cap · market cap 414.57%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Retail space

Suggested Use

Location Insight

Map
Local Demand

City: Los Angeles
County: Los Angeles
State: California
Longitude: -118.221
Latitude: 34.0265

Nearby Similar for Sale

$3,990,000

8,688 SF

Prime Automotive Land in Los Angeles

Six parcels with buildings in established automotive corridor.

125 E Florence Ave, Los Angeles, CA 90003

View Details
$1,999,000

3,200 SF

Multi-Family Property with Cottage-Style Units

Multi-family property in an R3 zone, offering cottage-style living arrangements at 7122–7124 De Longpre.

7122-/7124 De Longpre, Los Angeles, CA 90046

View Details
$1,995,000

10,233 SF

12-Unit Multifamily Corner Property

Twelve apartments on a corner lot with on-site parking and a diversified unit mix, subject to Los Angeles rent control.

117 N St Louis, Los Angeles, CA 90033

View Details
$1,390,000

Corner Retail Property with Billboard

Corner retail with three month-to-month storefronts and a separate vacant freestanding building plus billboard income.

3615 Beverly Boulevard, Los Angeles, CA 90004

View Details
$1,350,000

5,986 SF

Fourplex with In-Unit Laundry

Four-unit residential income property with in-unit laundry and separately metered gas and electricity.

2156 City View Ave, Los Angeles, CA 90033

View Details
$4,500,000

10,786 SF

13-Unit Multifamily with Gated Parking

Mid-century 13-unit building with renovated units, secure gated parking, and on-site storage and laundry for residents.

4208 Russell Ave, Los Angeles, CA 90027

View Details
$2,999,999

6,206 SF

New Fourplex with Rooftop Deck

Fully leased fourplex featuring a rooftop deck, solar, and separately metered utilities in Los Angeles.

1151 S Ardmore Ave, Los Angeles, CA 90006

View Details
$3,500,000

10,470 SF

Gated Apartment Building with Solar

Gated 10-unit apartment building with central A/C, solar panels, and multiple covered parking options.

1188 Innes Ave, Los Angeles, CA 90026

View Details
$825,000

1,626 SF

Multi-Family Residential Building

For-sale multi-family property in Los Angeles, offering residential income potential for suitable buyers.

1008 S Herbert Ave, Los Angeles, CA 90023

View Details
$1,695,000

3,600 SF

Spanish-Style Multifamily Courtyard

Gated single-story building with 10 studio units around a central courtyard, separately metered utilities and on-site laundry.

1135 Lodi Pl, Los Angeles, CA 90038

View Details
$2,100,000

2,728 SF

Multi-Family Investment Property

For sale multi-family property in Los Angeles, offering a compact footprint on a small lot.

3362 Bellota, Los Angeles, CA 90027

View Details
$1,599,000

5,067 SF

Vacant Multi-Unit Residence

Vacant four-unit configured duplex with historic character, ready for restoration, redevelopment, or owner occupancy.

1412 S Victoria Ave, Los Angeles, CA 90019

View Details

For sale
Mixed-use properties
CA
Los Angeles
90023
2655 Short St

What type of property is this?

Mixed-use property - Free-standing commercial property in a dynamic Los Angeles neighborhood.

Where is this mixed-use property located?

The property is located at 2655 Short St Los Angeles, CA.

What is the asking price?

The asking price for this property is $1,499,000.

What are key features of this property?

This property features: Free‑standing commercial property in a dynamic, fast‑growing Los Angeles neighborhood (Boyle Heights).; Currently configured as four tenant‑occupied units generating steady income.; Zoned for light manufacturing with flexible potential uses (retail, restaurant, automotive, fitness, creative space).