Mixed-Use Corner Retail
2403 1ST Street Los Angeles, CA 90033
2403 1ST Street, Los Angeles, CA, 90033
$1,495,000
For Sale
$1,495,000
Corner commercial property with an auto body shop, salon, and two vacant retail units, including a restaurant space.
Property Size5,572 SF
Price / SF$268.31
Days on Market2534
Property Features for 2403 1ST Street
General Information
- Standard status
- Active
- Size
- 5,572 SF
- Property subtype
- General Commercial
Building Details
- Year Built
- 1924
Listing agency
The Core Agency
(818) 723-0816
Listed by
Moises Arroyo
Source
Xome
Added: Aug 15, 2019 Updated: Jul 22 at 7:54AM Checked: Jul 22 at 7:54AM
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 The Core Agency
Investment Insights
Based on property information with market context.
This corner commercial property includes an auto body business, a salon, and two additional vacant retail spaces. One vacant unit has previously operated as a check cashing store, and the other is a vacant restaurant space.
The property is located at 2403 1ST Street, Los Angeles, CA 90033.
Offered for sale, the mix of occupied and vacant units provides a straightforward setup for investors and redevelopment-focused buyers seeking flexibility within a single corner asset.
The property is located at 2403 1ST Street, Los Angeles, CA 90033.
Offered for sale, the mix of occupied and vacant units provides a straightforward setup for investors and redevelopment-focused buyers seeking flexibility within a single corner asset.
Key Highlights
- Corner commercial property with an auto body shop, salon, and restaurant space
- Includes two vacant retail units (one previously a check cashing store)
- Guest facilities: 3
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 | $205.9k | $36.96 |
| − Vacancy | −$21.2k | −$3.81 |
| EGI | $184.7k | $33.15 |
| − OpEx | −$55.4k | −$9.95 |
| NOI | $129.3k | $23.21 |
5,572 SF · lease $36.96/SF/yr · vacancy 10.30% · expense 30.00%
Alternative Uses
Best Use
Specialty Retail
$2.16M
$1.89M – $2.52M
NOI $150,903 @ 7.0% cap · market cap 10.09%
Second Best
Retail
$1.85M
$1.62M – $2.16M
NOI $129,310 @ 7.0% cap · market cap 8.65%
Theoretical Best
Multifamily LT 5
$112.89M
$98.77M – $131.70M
NOI $7,901,976 @ 7.0% cap · market cap 528.56%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Auto shops
Similar For Sale Nearby
Similar Off Market Nearby
- Rico´s Tires Auto Repair — 2307 Whittier Blvd, Los Angeles, CA 90023
- Llantera Soto Inc — 976 S Boyle Ave, Los Angeles, CA 90023
- Ekonomic Transmissions — 2307 Whittier Blvd, Los Angeles, CA 90023
- Gosen Auto Body Parts — 2226 Whittier Blvd, Los Angeles, CA 90023
- Pepe's Towing Service — 918 S Boyle Ave, Los Angeles, CA 90023
FAQs
What type of property is this?
Auto shop - Corner commercial property with an auto body shop, salon, and two vacant retail units, including a restaurant space.
Where is this auto shop located?
The property is located at 2403 1ST Street Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,495,000.
What are key features of this property?
This property features: Corner commercial property with an auto body shop, salon, and restaurant space; Includes two vacant retail units (one previously a check cashing store); Guest facilities: 3
