Mixed-Use Value-Add
For Sale
$849,000
3333 Division Street, Los Angeles, CA 90065
Five-unit mixed-use asset with street-front retail and rear residential units, including two vacancies and offered as-is.
Property Size3,450 SF
Price / SF$246.09
Days on Market300
Property Features for 3333 Division Street
General Information
Standard status
Active
Size
3,450 SF
Property subtype
Mixed Use
Site & Location
Neighborhood
Elysian Valley
Additional Details
Multifamily Units
3
Building Details
Building Size
3,450 SF
Year Built
1924
Tenancy
Multi
Listing Agency:
GATEWAY PROPERTIES GROUP
Listed By:
Henry Liu · License #01104611
(626) 705-3509
Source:
Thecorralesgroup
Added: Jan 8
Changed: Nov 2
Last Checked: Oct 31 at 10:25PM
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 GATEWAY PROPERTIES GROUP
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Investment Insights
Based on property information with market context.
This mixed-use property contains five total units: three residential units and two street-front retail units. The layout places the residential units toward the rear for a more private configuration, while the retail units are positioned to face the street. One residential unit and one retail unit are currently vacant, supporting an owner’s opportunity to stabilize occupancy. The property is offered as-is.
Located along a neighborhood commercial corridor in Los Angeles, the two retail units benefit from street frontage and visibility. The building’s mixed-use arrangement allows retail space to sit at the street line while the residences are set back from the frontage.
For investors or owner-users, this structure can support a range of operational strategies focused on lease-up and repositioning of the vacant units. The combination of street-facing retail and rear residential space may appeal to buyers seeking a single property with both income-producing components and distinct unit types. As presented, it is particularly suited for those comfortable managing phased improvements and a long-term hold approach.
Located along a neighborhood commercial corridor in Los Angeles, the two retail units benefit from street frontage and visibility. The building’s mixed-use arrangement allows retail space to sit at the street line while the residences are set back from the frontage.
For investors or owner-users, this structure can support a range of operational strategies focused on lease-up and repositioning of the vacant units. The combination of street-facing retail and rear residential space may appeal to buyers seeking a single property with both income-producing components and distinct unit types. As presented, it is particularly suited for those comfortable managing phased improvements and a long-term hold approach.
Key Highlights
- Five‑unit mixed‑use property built in 1924, with three residential units and two street‑front retail units
- Includes 2 vacancies: one vacant residential unit and one vacant retail unit
- Retail units have street frontage along a neighborhood commercial corridor
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$69,863
Cap Rate
8.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,397,260
$1.4M
Cap Rate 7%
$998,043
$998.0K
Cap Rate 9%
$776,256
$776.3K
Market Conditions
NOI Build-Up for 3,450 SF
Gross rent
$124.2K $36.00/SF
− Vacancy
−$12.4K −$3.60/SF
EGI
$111.8K $32.40/SF
− OpEx
−$41.9K −$12.15/SF
NOI
$69.9K $20.25/SF
Area
Los Angeles, CA
Vacancy
10.00%
Lease Rate
$36.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,397,260
Cap Rate 7%
$998,043
Cap Rate 9%
$776,256
Alternative Uses
Best Use
Multifamily LT 5
$69.89M
$61.16M – $81.54M
NOI $4,892,645 @ 7.0% cap · market cap 576.28%
Second Best
Apartment 5plus
$60.99M
$53.37M – $71.16M
NOI $4,269,561 @ 7.0% cap · market cap 502.89%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
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Who owns this building?
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Current Use
Lease Details
3
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
528
Businesses Nearby
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Business Placement
Demographics for 90065, CA
44,328
Population
17,197
Households
2.6
Avg Household Size
39
Median Age
40%
College-Educated
81%
High-School Grad
5.5 sq mi
ZIP Area
8,060
Density / Sq Mi
$92,903
Median Household Income
$45,850
Median Earnings
$1,774
Median Rent
$1,043,900
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Five-unit mixed-use asset with street-front retail and rear residential units, including two vacancies and offered as-is.
Where is this mixed-use property located?
The property is located at 3333 Division Street Los Angeles, CA.
What is the asking price?
The asking price for this property is $849,000.
What are key features of this property?
This property features: Five‑unit mixed‑use property built in 1924, with three residential units and two street‑front retail units; Includes 2 vacancies: one vacant residential unit and one vacant retail unit; Retail units have street frontage along a neighborhood commercial corridor
