Mixed-Use Income Property

2313 1st Los Angeles, CA 90033

Claim this Listing
For Sale
$1,599,000

Income property with ground-floor retail, multiple apartment units, onsite laundry, and storage areas.

Type:Mixed Use
Property size:
3,765 SF
Price / SF:
$424/SF
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

Listing date May 15, 2026

Source Xome

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 ROA California Inc


Investment Insights

Based on property information with market context.

Built in 1915, this mixed-use income property includes two ground-floor retail units and three residential apartments. The residential component consists of two units with two bedrooms and two bathrooms, plus one unit with four bedrooms and two bathrooms. Onsite laundry is available for residents, and the building also includes three storage areas, supporting practical day-to-day use for tenants.

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
3,765 SF · lease $36.96/SF/yr · vacancy 10.30% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$76.28M
$66.74M – $88.99M (±1% cap)
NOI $5,339,365 @ 7.0% cap · market cap 333.92%
Second Best
Apartment 5plus
$66.56M
$58.24M – $77.66M (±1% cap)
NOI $4,659,391 @ 7.0% cap · market cap 291.39%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Triplexes

Suggested Use

Real Estate Agency Law Firm Gym & Fitness Center Acupuncture (Bike/Boat/Book/etc) Store Kitchen & Bath Showroom Electrical Service Home Appliance Store (Bike/Boat/Book/etc) Store Plumbing Service

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Triplex - Income property with ground-floor retail, multiple apartment units, onsite laundry, and storage areas.
Where is this triplex located?
The property is located at 2313 1st Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,599,000.
What are key features of this property?
This property features: 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
Contact an agent
More about this property
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