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    Free-Standing Commercial Building with Units Title is generated by Realmo AI

    2655 Short Street, Los Angeles, CA 90023

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    Claim this Listing
    For Sale
    $1,499,000

    SINGLE_FAMILY - Los Angeles, CA

    Type:Office
    Property size:
    4,382 SF
    Lot size:
    0.16 Acres
    Price / SF:
    $342/SF
    Added:
    Apr 21, 2025
    Days on Market:
    444
    Last Refresh:
    Jul 8 at 8:06 pm

    Property Features for 2655 Short Street

    General Information

    Property type
    Residential
    Property subtype
    Office
    Zoning
    LAM2
    Standard status
    Active
    APN
    5170017001
    Lot size
    0.16 Acres

    Building Details

    Year built
    1946

    We can help!

    Contact an agent
    Tess Marquez
    Tess Marquez

    Listing agent Tess Marquez License #01229490

    Listing office Century 21 Masters 1169 Fairway Dr. Ste. 100, Walnut, CA

    Listing date Apr 21, 2025

    MLS# TR25081729

    Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Free‑standing commercial building built in 1946 totaling approximately 4,382 SF
    • 4,382 SF building on a 7,001 SF lot, currently configured as four tenant‑occupied units
    • Light manufacturing zoning, with possible uses including retail, restaurant, automotive, fitness, or creative space (buyer to verify with the city)
    • Adaptable unit layout for investors or owner‑users seeking income or business space

    Overview

    This free-standing commercial property is an approximately 4,382 SF building on a 7,001 SF lot, currently configured into four tenant-occupied units. The existing setup provides multiple income-producing spaces under one ownership, with room for buyers to consider alternative layouts or unit configurations consistent with zoning.

    Located in Boyle Heights, the property is presented as a light manufacturing-zoned site (LAM2). The public remarks note potential buyer-verified use options including retail, restaurant, automotive, fitness, or creative space, subject to confirmation with the City.

    For investors, the current multi-unit configuration offers an ownership structure with four separately occupied spaces in place. For owner-users, the free-standing nature of the building and the LAM2 zoning framework may support a range of business concepts, with final permitted uses to be verified by the buyer with applicable city requirements. All prospective buyers should perform their own due diligence regarding zoning, code compliance, and permitted uses before proceeding.

    Local Financial Insights For Office B

    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 $170.4k $38.88
    − Vacancy −$31.7k −$7.23
    EGI $138.7k $31.65
    − OpEx −$34.7k −$7.91
    NOI $104.0k $23.74
    4,382 SF · lease $38.88/SF/yr · vacancy 18.60% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $1.49M
    $1.30M – $1.73M (±1% cap)
    NOI $104,012 @ 7.0% cap · market cap 6.94%
    Second Best
    Retail
    $1.45M
    $1.27M – $1.69M (±1% cap)
    NOI $101,694 @ 7.0% cap · market cap 6.78%
    Theoretical Best
    Multifamily LT 5
    $88.78M
    $77.68M – $103.57M (±1% cap)
    NOI $6,214,368 @ 7.0% cap · market cap 414.57%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Real Estate Agency Law Firm Veterinary Clinic Nursing Home (Bike/Boat/Book/etc) Store Nursing Home Accounting Firm Tanning Salon (Bike/Boat/Book/etc) Store Acupuncture

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

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.220568
    Latitude
    34.026468

    FAQs

    What type of property is this?
    Office units - Four tenant-occupied units in a light manufacturing-zoned free-standing building, offering flexible use opportunities buyer verification.
    Where is this office units located?
    The property is located at 2655 Short Street Los Angeles, CA.
    What is the asking price?
    The asking price for this property is $1,499,000.
    What are key features of this property?
    This property features: Free‑standing commercial building built in 1946 totaling approximately 4,382 SF; 4,382 SF building on a 7,001 SF lot, currently configured as four tenant‑occupied units; Light manufacturing zoning, with possible uses including retail, restaurant, automotive, fitness, or creative space (buyer to verify with the city)
    More about this property
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