Mixed-Use Property with
For Sale
$790,000
3583 E 1st St, East Los Angeles, CA 90063
East Los Angeles, CA
Property Size3,306 SF
Lot Size0.09 Acres
Price / SF$238.96
Days on Market93
Property Features for 3583 E 1st St
General Information
Property type
Commercial Sale
Property subtype
Other
Bedrooms
1
Rooms
Bedroom 1
Parking features
Off Street
Lot features
Walkstreet
Directions
between Dittman and Hicks
Subdivision
ELA - East Los Angeles
Standard status
Active
APN
5232013016
Lot size
0.09 Acres
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1907
Floors in Building
2
Number of units
3
Listing Agency:
Century 21 Allstars · Century 21 Real Estate
(562) 863-2121
Listed By:
Karina Chavez · License #01360910
(562) 244-5026
Added: Jun 8
Changed: Sep 8
Last Checked: Sep 8 at 11:06PM
MLS# DW26124883
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.
Investment Insights
Based on property information with market context.
Built in 1907, this mixed-use property in East Los Angeles contains approximately 3,306 square feet of combined building area. The existing layout offers the possibility of restoring three residential units and two retail spaces facing the street, subject to verification with the City of Los Angeles.
Located at 3583 E 1st St, the property sits one building from a newly developed 66-unit residential project. The site has public water and sewer service, central heating and central air, plus off-street parking. Its combination of residential and commercial space supports a range of ownership and repositioning strategies, subject to applicable approvals.
Located at 3583 E 1st St, the property sits one building from a newly developed 66-unit residential project. The site has public water and sewer service, central heating and central air, plus off-street parking. Its combination of residential and commercial space supports a range of ownership and repositioning strategies, subject to applicable approvals.
Key Highlights
- Approximately 3,306 square feet of combined building area
- Built in 1907
- Potential restoration to three residential units and two street‑front retail spaces
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$57,029
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.22%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,140,580
$1.1M
Cap Rate 7%
$814,700
$814.7K
Cap Rate 9%
$633,656
$633.7K
Market Conditions
NOI Build-Up for 3,306 SF
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.
Gross rent
$99.2K $30.00/SF
− Vacancy
−$7.9K −$2.40/SF
EGI
$91.2K $27.60/SF
− OpEx
−$34.2K −$10.35/SF
NOI
$57.0K $17.25/SF
Area
East Los Angeles, CA
Vacancy
8.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,140,580
Cap Rate 7%
$814,700
Cap Rate 9%
$633,656
Alternative Uses
Best Use
Retail
$1.15M
$1.01M – $1.35M
NOI $80,748 @ 7.0% cap · market cap 10.22%
Second Best
Mixed Use
$814.7K
$712.9K – $950.5K
NOI $57,029 @ 7.0% cap · market cap 7.22%
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.
Property Analytics
Property Profile
Current Use
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
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Flexible building combines residential and street-facing retail potential.
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; Built in 1907; Potential restoration to three residential units and two street‑front retail spaces
