Mixed-Use Development
1591 W Adams Boulevard Los Angeles, CA 90007
1591 W Adams Boulevard, Los Angeles, CA, 90007
$2,600,000
For Sale
$2,600,000
Development opportunity featuring retail/storefront space and entitlement for future mixed-use plans near USC.
Property Size6,398 SF
Lot Size0.21 Acres
Price / SF$406.38
Days on Market297
Property Features for 1591 W Adams Boulevard
General Information
- Standard status
- Active
- Size
- 6,398 SF
- Lot size
- 0.21 Acres
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 1914
Listing agency
People's Realty
(818) 271-6779
Listed by
Alan A Castillo · License #01171139
(818) 271-6779
Source
Exitrealty
Added: Sep 29, 2025 Updated: Jul 21 at 8:34PM Checked: Jul 21 at 8:34PM
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 development site totals 6,398 square feet and is offered for sale as a storefront-oriented commercial property. The public remarks indicate the site comes with fully entitled development for future redevelopment plans.
The property is located at 1591 W Adams Boulevard in Los Angeles and is described as very close to the University of Southern California (USC).
The property is located at 1591 W Adams Boulevard in Los Angeles and is described as very close to the University of Southern California (USC).
Key Highlights
- Mixed‑use property with retail/storefront space
- 6,308 total SF with 9,113 SF lot size
- Built in 1914
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 | $236.5k | $36.96 |
| − Vacancy | −$24.4k | −$3.81 |
| EGI | $212.1k | $33.15 |
| − OpEx | −$63.6k | −$9.95 |
| NOI | $148.5k | $23.21 |
6,398 SF · lease $36.96/SF/yr · vacancy 10.30% · expense 30.00%
Alternative Uses
Best Use
Retail
$2.12M
$1.86M – $2.47M
NOI $148,480 @ 7.0% cap · market cap 5.71%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$129.62M
$113.42M – $151.22M
NOI $9,073,375 @ 7.0% cap · market cap 348.98%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Storefront properties
Similar For Sale Nearby
Similar Off Market Nearby
- Florist — Washington / Harvard, Los Angeles, CA 90018
- La Rosa — 1764 W Adams Blvd, Los Angeles, CA 90018
- Flowers By Frank & Elaine — 2202 Hoover St, Los Angeles, CA 90007
- FLower And Bell Gardens — 1741 w jefferson blvd apt 109, los angeles, ca 90018
- Ricky & Jacky Flower Shop — 1927 S Western Ave, Los Angeles, CA 90018
FAQs
What type of property is this?
Storefront property - Development opportunity featuring retail/storefront space and entitlement for future mixed-use plans near USC.
Where is this storefront 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 $2,600,000.
What are key features of this property?
This property features: Mixed‑use property with retail/storefront space; 6,308 total SF with 9,113 SF lot size; Built in 1914
