Mixed-Use Income
For Sale
$1,599,000
2313 1st, Los Angeles, CA 90033
Income property with ground-floor retail, multiple apartment units, onsite laundry, and storage areas.
Property Size3,765 SF
Price / SF$424.70
Days on Market78
Property Features for 2313 1st
General Information
Standard status
Active
Size
3,765 SF
Property subtype
Mixed Use
Additional Details
Business Included
Yes
Multifamily Units
3
Building Details
Year Built
1915
Listing Agency:
ROA California Inc
(619) 717-6237
Listed By:
Lucy Spencer · License #01292222
Source:
Xome
Added: May 15
Changed: Jul 10
Last Checked: Jul 30 at 10:08AM
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.
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
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
NOI $5,339,365 @ 7.0% cap · market cap 333.92%
Second Best
Apartment 5plus
$66.56M
$58.24M – $77.66M
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 authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
2,296
Businesses Nearby
Explore this area
Business Placement
Demographics for 90033, CA
46,081
Population
13,874
Households
3.3
Avg Household Size
32
Median Age
14%
College-Educated
54%
High-School Grad
3.3 sq mi
ZIP Area
13,964
Density / Sq Mi
$56,001
Median Household Income
$29,600
Median Earnings
$1,391
Median Rent
$669,500
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
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
