Mixed-Use Building in Glassell
For Sale
$1,559,000
1225 Cypress Avenue, Los Angeles, CA 90065
Newer 7-unit mixed-use building with upside potential.
Property Size3,894 SF
Price / SF$400.36
Days on Market514
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
Changed: Mar 16
Last Checked: Mar 16 at 9:09AM
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
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Review the available facts, identify missing information and prepare questions for the agent.
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).
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$90,369
Cap Rate
5.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,807,380
$1.8M
Cap Rate 7%
$1,290,986
$1.3M
Cap Rate 9%
$1,004,100
$1.0M
Market Conditions
NOI Build-Up for 3,894 SF
Gross rent
$143.9K $36.96/SF
− Vacancy
−$14.8K −$3.81/SF
EGI
$129.1K $33.15/SF
− OpEx
−$38.7K −$9.95/SF
NOI
$90.4K $23.21/SF
Area
Los Angeles, CA
Vacancy
10.30%
Lease Rate
$36.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,807,380
Cap Rate 7%
$1,290,986
Cap Rate 9%
$1,004,100
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 authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
576
Businesses Nearby
Explore this area
Business Placement
Demographics for 90065, CA
44,328
Population
17,197
Households
2.6
Avg Household Size
39
Median Age
40%
College-Educated
81%
High-School Grad
5.5 sq mi
ZIP Area
8,060
Density / Sq Mi
$92,903
Median Household Income
$45,850
Median Earnings
$1,774
Median Rent
$1,043,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
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).
