2313 1st Los Angeles, CA 90033
Income property with ground-floor retail, multiple apartment units, onsite laundry, and storage areas.
- Added:
- May 15, 2026
- Days on Market:
- 58
- Last Refresh:
- Jun 15 at 7:57 am
Property Features for 2313 1st
General Information
- Standard status
- Active
- Size
- 3,765 SF
- Property subtype
- Mixed Use
Building Details
- Year Built
- 1915
Listing office ROA California Inc (619) 717-6237
Listing date May 15, 2026
Source Xome
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Investment Insights
Based on property information with market context.
The property is located on a high-visibility corridor along E. 1st Street. It sits in the heart of Boyle Heights, within walking distance of shops, restaurants, and transit, which helps connect tenants and customers to the surrounding commercial activity.
For a buyer looking for an owner-user or investor structure, the combination of street-level retail and multiple apartment configurations offers diversified income potential within a single asset. The mix also supports flexibility for different occupancy and operating approaches, while the onsite laundry and dedicated storage areas add functional value for residential tenants.
Key Highlights
- Built in 1915 mixed‑use income property with ground‑floor retail and multiple apartment units
- Two ground‑floor retail units
- Apartment mix includes two 2‑bedroom/2‑bath units
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 | $139.2k | $36.96 |
| − Vacancy | −$14.3k | −$3.81 |
| EGI | $124.8k | $33.15 |
| − OpEx | −$37.4k | −$9.95 |
| NOI | $87.4k | $23.21 |