Mixed-Use Building in Glassell
1225 Cypress Avenue Los Angeles, CA 90065
1225 Cypress Avenue, Los Angeles, CA, 90065
$1,559,000
For Sale
$1,559,000
Newer 7-unit mixed-use building with upside potential.
Property Size3,894 SF
Price / SF$400.36
Days on Market424
Property Features for 1225 Cypress Avenue
General Information
- Standard status
- Active
- Size
- 3,894 SF
Building Details
- Year Built
- 2015
Listing Agency
ENGEL & VOLKERS LA CANADA
Listed by
PAUL PAGNONE
Source
Corcoran
Added: May 24, 2025 Updated: Mar 16 at 9:09 am Checked: Mar 16 at 9:09 am
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 ENGEL & VOLKERS LA CANADA
Investment Insights
Based on property information with market context.
This is a newer mixed-use building located in the Glassell Park area. Constructed in 2015, the property features 7 units. The property consists of 6 commercial units and one residential unit. The building has secure parking. The property size is 3894 square feet. There is no rent control on the commercial units, and no Los Angeles city rent control on the residential unit. The current rents are below market value, presenting an opportunity for increased revenue.
Key Highlights
- No rent control on commercial and residential units.
- Below market rents with great upside potential.
- Newer construction (built in 2015).
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $143.9k | $36.96 |
| − Vacancy | −$14.8k | −$3.81 |
| EGI | $129.1k | $33.15 |
| − OpEx | −$38.7k | −$9.95 |
| NOI | $90.4k | $23.21 |
3,894 SF · lease $36.96/SF/yr · vacancy 10.30% · expense 30.00%
Alternative Uses
Best Use
Apartment 5plus
$68.84M
$60.24M – $80.32M
NOI $4,819,035 @ 7.0% cap · market cap 309.11%
Second Best
Retail
$1.29M
$1.13M – $1.51M
NOI $90,369 @ 7.0% cap · market cap 5.80%
Theoretical Best
Multifamily LT 5
$78.89M
$69.03M – $92.04M
NOI $5,522,307 @ 7.0% cap · market cap 354.22%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Langston Photography LA
Photography Service
TERAVARNA
Art Gallery
Wiki Crafter LLC
Advertising Agency
ART SHOW INTERNATIONAL ...
Art Gallery
NELA Mail Center
Business Service Center
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Newer 7-unit mixed-use building with upside potential.
Where is this mixed-use property located?
The property is located at 1225 Cypress Avenue Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,559,000.
What are key features of this property?
This property features: No rent control on commercial and residential units.; Below market rents with great upside potential.; Newer construction (built in 2015).
