2655 Short Street, Los Angeles, CA 90023
SINGLE_FAMILY - Los Angeles, CA
- 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
Listing agent Tess Marquez License #01229490 (626) 712-5156
Listing office Century 21 Masters 1169 Fairway Dr. Ste. 100, Walnut, CA (909) 595-6697
Listing date Apr 21, 2025
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
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 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Longitude
- -118.220568
- Latitude
- 34.026468