Mixed-Use Building with
3583 E 1st St, East Los Angeles, CA 90063
For Sale
$790,000
The property combines a large ground-floor retail space with a second-floor one-bedroom, one-bath apartment.
Property Size3,306 SF
Price / SF$238.96
Days on Market153
Property Features for 3583 E 1st St
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Highway Access
Mixed-Use Components
Units
Unit Mix
Multifamily Units
Building Details
Building Size
Year Built
Tenancy
Listing Agency:
Century 21 Allstars
Listed By:
Karina Chavez · License #01360910
(562) 244-5026
Source:
Highend-estates
Added: Jun 8
Changed: Nov 6
Last Checked: Nov 6 at 2:24PM
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 Century 21 Allstars
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1907, this mixed-use property contains approximately 3,306 square feet. Its current configuration includes an extra-large storefront and a second-floor apartment with one bedroom and one bathroom. The property may be restored to a layout of three residential units and two street-level retail spaces, subject to verification with the City of Los Angeles.
The site is in East Los Angeles, one building from a recently completed 66-unit residential project. It is also minutes from Downtown Los Angeles, with access to the I-5, I-10, I-60 and US-101 freeways.
The site is in East Los Angeles, one building from a recently completed 66-unit residential project. It is also minutes from Downtown Los Angeles, with access to the I-5, I-10, I-60 and US-101 freeways.
Key Highlights
- Approximately 3,306 square feet of combined building area
- Current layout includes a large storefront and a second‑floor one‑bedroom, one‑bath apartment
- Potential reconfiguration to three residential units and two street‑front retail spaces; buyer to verify with the City of Los Angeles
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$70,566
Cap Rate
8.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,411,320
$1.4M
Cap Rate 7%
$1,008,086
$1.0M
Cap Rate 9%
$784,067
$784.1K
Market Conditions
NOI Build-Up for 3,306 SF
Gross rent
$111.5K $33.72/SF
− Vacancy
−$17.4K −$5.26/SF
EGI
$94.1K $28.46/SF
− OpEx
−$23.5K −$7.11/SF
NOI
$70.6K $21.34/SF
Area
East Los Angeles, CA
Vacancy
15.60%
Lease Rate
$33.72 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,411,320
Cap Rate 7%
$1,008,086
Cap Rate 9%
$784,067
Alternative Uses
Best Use
Retail
$1.15M
$1.01M – $1.35M
NOI $80,748 @ 7.0% cap · market cap 10.22%
Second Best
Office B
$1.01M
$882.1K – $1.18M
NOI $70,566 @ 7.0% cap · market cap 8.93%
Theoretical Best
Office A
$1.30M
$1.13M – $1.51M
NOI $90,679 @ 7.0% cap · market cap 11.48%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
1
Residential units
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
805
Businesses Nearby
Explore this area
Business Placement
Demographics for 90063, CA
50,227
Population
14,046
Households
3.6
Avg Household Size
34
Median Age
13%
College-Educated
56%
High-School Grad
3.3 sq mi
ZIP Area
15,220
Density / Sq Mi
$71,725
Median Household Income
$33,832
Median Earnings
$1,489
Median Rent
$619,100
Median Home Value
Market
Average Price Trend$/SF for Mixed-use properties in Los Angeles County, CA
Properties on Market for Mixed-use properties in Los Angeles County
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - The property combines a large ground-floor retail space with a second-floor one-bedroom, one-bath apartment.
Where is this mixed-use property located?
The property is located at 3583 E 1st St East Los Angeles, CA.
What is the asking price?
The asking price for this property is $790,000.
What are key features of this property?
This property features: Approximately 3,306 square feet of combined building area; Current layout includes a large storefront and a second‑floor one‑bedroom, one‑bath apartment; Potential reconfiguration to three residential units and two street‑front retail spaces; buyer to verify with the City of Los Angeles
