Mixed-Use Development
1591 W Adams Boulevard Los Angeles, CA 90007
For Sale
$2,500,000
For sale mixed-use site near USC, offering a larger parcel for potential housing and commercial concepts.
Property Size6,398 SF
Price / SF$390.75
Days on Market474
Property Features for 1591 W Adams Boulevard
General Information
Standard status
Active
Size
6,398 SF
Property subtype
Mixed Use
Building Details
Year Built
1914
Listing Agency:
People's Realty
(818) 271-6779
Listed By:
Alan Castillo · License #01171139
(818) 271-6779
Source:
Xome
Added: Apr 12, 2025
Changed: Jul 10
Last Checked: Jul 29 at 4:06AM
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 People's Realty
Investment Insights
Based on property information with market context.
This mixed-use property for sale totals 6,398 square feet on a 9,113 square foot lot. The offering is presented as a development canvas for an investor or developer, with the public remarks stating the property includes a fully entitled development.
The site is located at 1591 W Adams Boulevard in Los Angeles and is described as being in the heart of downtown, very close to the University of Southern California (USC). The proximity to USC is highlighted in the remarks as a key consideration for uses serving the university community.
Given the property’s mixed-use framing and the stated entitlement, it may appeal to buyers looking for a consolidated downtown Los Angeles parcel to pursue housing, mixed-use, or commercial development aligned with demand from a nearby university setting. Prospective buyers and brokers should review the specific entitlement details and any development constraints during diligence to confirm the scope that can be achieved on-site.
The site is located at 1591 W Adams Boulevard in Los Angeles and is described as being in the heart of downtown, very close to the University of Southern California (USC). The proximity to USC is highlighted in the remarks as a key consideration for uses serving the university community.
Given the property’s mixed-use framing and the stated entitlement, it may appeal to buyers looking for a consolidated downtown Los Angeles parcel to pursue housing, mixed-use, or commercial development aligned with demand from a nearby university setting. Prospective buyers and brokers should review the specific entitlement details and any development constraints during diligence to confirm the scope that can be achieved on-site.
Key Highlights
- Mixed‑use site on Adams Blvd near USC
- Total 6,308 SF with a 9,113 SF lot size
- Year built: 1914
Financial Insights For Mixed Use
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 | $230.3k | $36.00 |
| − Vacancy | −$23.0k | −$3.60 |
| EGI | $207.3k | $32.40 |
| − OpEx | −$77.7k | −$12.15 |
| NOI | $129.6k | $20.25 |
6,398 SF · lease $36.00/SF/yr · vacancy 10.00% · expense 37.50%
Alternative Uses
Best Use
Apartment 5plus
$113.11M
$98.97M – $131.96M
NOI $7,917,871 @ 7.0% cap · market cap 316.71%
Second Best
Mixed Use
$1.85M
$1.62M – $2.16M
NOI $129,560 @ 7.0% cap · market cap 5.18%
Theoretical Best
Multifamily LT 5
$129.62M
$113.42M – $151.22M
NOI $9,073,375 @ 7.0% cap · market cap 362.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Mixed-use property - For sale mixed-use site near USC, offering a larger parcel for potential housing and commercial concepts.
Where is this mixed-use property located?
The property is located at 1591 W Adams Boulevard Los Angeles, CA.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Mixed‑use site on Adams Blvd near USC; Total 6,308 SF with a 9,113 SF lot size; Year built: 1914
