Mixed-Use Property with Streetfront
For Sale
$790,000
3583 E 1st, Los Angeles, CA 90063
Commercial Sale, Los Angeles, CA
Property Size3,306 SF
Price / SF$238.96
Days on Market131
Property Features for 3583 E 1st
General Information
Property type
Commercial Sale
Property subtype
Other
Directions
between Dittman and hicks
Subdivision
BOYH - Boyle Heights
Standard status
Active
APN
5232013016
Additional Details
Mixed-Use Components
retail, residential
Building Details
Year built
1907
Buildings
1
Listing Agency:
Century 21 Allstars · Century 21 Real Estate
(562) 863-2121
Listed By:
Karina Chavez · License #01360910
(562) 244-5026
Added: Jun 26
Changed: Nov 2
Last Checked: Nov 3 at 1:06AM
MLS# DW26139768
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.
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Investment Insights
Based on property information with market context.
Built in 1907, this mixed-use property contains approximately 3,306 square feet of combined building area. Its current configuration includes an extra-large storefront and a second-floor one-bedroom, one-bath apartment. The property may offer the option to restore a layout with three residential units and two street-front retail spaces, subject to verification with the City of Los Angeles.
The building is one building away from a newly developed 66-unit residential project. It is also described as having strong vehicle traffic and close access to the 5, 10, 60, and 101 freeways, with Downtown Los Angeles minutes away.
The building is one building away from a newly developed 66-unit residential project. It is also described as having strong vehicle traffic and close access to the 5, 10, 60, and 101 freeways, with Downtown Los Angeles minutes away.
Key Highlights
- Approximately 3,306 square feet of combined building area
- Current layout includes an extra‑large storefront and a second‑floor one‑bedroom, one‑bath apartment
- Potential configuration of three residential units and two street‑front retail spaces, subject to City of Los Angeles verification
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$66,947
Cap Rate
8.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,338,940
$1.3M
Cap Rate 7%
$956,386
$956.4K
Cap Rate 9%
$743,856
$743.9K
Market Conditions
NOI Build-Up for 3,306 SF
Gross rent
$119.0K $36.00/SF
− Vacancy
−$11.9K −$3.60/SF
EGI
$107.1K $32.40/SF
− OpEx
−$40.2K −$12.15/SF
NOI
$66.9K $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%
$1,338,940
Cap Rate 7%
$956,386
Cap Rate 9%
$743,856
Alternative Uses
Best Use
Office B
$1.12M
$980.9K – $1.31M
NOI $78,472 @ 7.0% cap · market cap 9.93%
Second Best
Retail
$1.10M
$959.0K – $1.28M
NOI $76,723 @ 7.0% cap · market cap 9.71%
Theoretical Best
Multifamily LT 5
$66.98M
$58.61M – $78.14M
NOI $4,688,430 @ 7.0% cap · market cap 593.47%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,169
Businesses Nearby
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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
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - The current layout pairs a large storefront with a second-floor apartment for combined commercial and residential use.
Where is this mixed-use property located?
The property is located at 3583 E 1st 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 an extra‑large storefront and a second‑floor one‑bedroom, one‑bath apartment; Potential configuration of three residential units and two street‑front retail spaces, subject to City of Los Angeles verification
