Mixed-Use Property with
344 N Mott Street, Los Angeles, CA 90033
For Sale
$1,980,000
Two commercial spaces and a separate leased residence occupy a C2-zoned parcel along Cesar E. Chavez Avenue.
Property Size3,998 SF
Lot Size0.09 Acres
Days on Market17
Property Features for 344 N Mott Street
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Occupancy
Site & Location
Neighborhood
Mixed-Use Components
Additional Details
Tenant in Place
Building Details
Building Size
Year Built
Tenancy
Listing Agency:
Sotheby's International Realty
Listed By:
Lawrence Mann · License #02159075
Source:
Archetyperealty
Added: Oct 23
Changed: Nov 7
Last Checked: Nov 7 at 1:52PM
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 Sotheby's International Realty
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Investment Insights
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This mixed-use property combines two street-level commercial spaces with a detached two-bedroom, one-bath residence. The commercial components include a former restaurant space and a storefront. Built in 1914, the property has undergone historic restoration, and all structures are leased. The parcel totals 3,998 square feet and carries LA C2 commercial zoning.
The property fronts Cesar E. Chavez Avenue in Boyle Heights, with its entrance on the avenue at 2700 E. Cesar E. Chavez Ave. The commercial spaces are next to the Paramount Theatre and Brooklyn Pizza Company. The corridor also has shops and eateries, and the Soto transit station is referenced as part of the area's activity. The parcel's assessor address is 344 N Mott Street; the residential house sits at the rear corner of the property.
The property fronts Cesar E. Chavez Avenue in Boyle Heights, with its entrance on the avenue at 2700 E. Cesar E. Chavez Ave. The commercial spaces are next to the Paramount Theatre and Brooklyn Pizza Company. The corridor also has shops and eateries, and the Soto transit station is referenced as part of the area's activity. The parcel's assessor address is 344 N Mott Street; the residential house sits at the rear corner of the property.
Key Highlights
- Two street‑level commercial units and a separate residential house
- Detached residence offers 2 bedrooms and 1 bathroom
- 3,998‑square‑foot C2‑zoned parcel
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$92,782
Cap Rate
4.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,855,640
$1.9M
Cap Rate 7%
$1,325,457
$1.3M
Cap Rate 9%
$1,030,911
$1.0M
Market Conditions
NOI Build-Up for 3,998 SF
Gross rent
$147.8K $36.96/SF
− Vacancy
−$15.2K −$3.81/SF
EGI
$132.5K $33.15/SF
− OpEx
−$39.8K −$9.95/SF
NOI
$92.8K $23.21/SF
Area
Los Angeles, CA
Vacancy
10.30%
Lease Rate
$36.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,855,640
Cap Rate 7%
$1,325,457
Cap Rate 9%
$1,030,911
Alternative Uses
Best Use
Retail
$1.33M
$1.16M – $1.55M
NOI $92,782 @ 7.0% cap · market cap 4.69%
Second Best
Mixed Use
$1.16M
$1.01M – $1.35M
NOI $80,960 @ 7.0% cap · market cap 4.09%
Theoretical Best
Multifamily LT 5
$81.00M
$70.87M – $94.50M
NOI $5,669,796 @ 7.0% cap · market cap 286.35%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,587
Businesses Nearby
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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
$669,500
Median Home Value
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Market
Average Price Trend$/SF for Mixed-use properties in Los Angeles, CA
Properties on Market for Mixed-use properties in Los Angeles
Vacancy Rate% for Retail in Los Angeles, CA
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two commercial spaces and a separate leased residence occupy a C2-zoned parcel along Cesar E. Chavez Avenue.
Where is this mixed-use property located?
The property is located at 344 N Mott Street Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,980,000.
What are key features of this property?
This property features: Two street‑level commercial units and a separate residential house; Detached residence offers 2 bedrooms and 1 bathroom; 3,998‑square‑foot C2‑zoned parcel
