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    3613 E 1 St & 121 N Townsend Ave Portfolio, Los Angeles, CA

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    Two-building commercial portfolio with parking in East Los Angeles.

    Type:RETAIL
    Property size:
    9,352 SF
    Lot size:
    0.32 Acres
    Price / SF:
    $267/SF
    Added:
    Jun 10, 2024
    Days on Market:
    733
    Last Refresh:
    May 19 at 10:44 pm

    Property Features for 3613 E 1 St & 121 N Townsend Ave Portfolio

    General Information

    Standard status
    Active
    Size
    9,352 SF
    Lot size
    0.32 Acres
    Property subtype
    RETAIL

    We can help!

    Listing Contact
    Tony Naples
    Tony Naples

    Listing agent Tony Naples License #01811344

    Listing office Lee & Associates

    Listing date Jun 10, 2024

    Source Moodyscre

    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 Lee & Associates

    HighLights

    • Prime E. 1st St Frontage
    • High‑Visibility, Heavy Traffic Location
    • Adjoined Bldgs- Retail & Storage with Dock‑High Loading
    • Private Parking Lot off Townsend with ±10 Parking Spaces
    • BONUS Mezz SF (±1,100SF)
    • Delivered Vacant (60 Days)

    Overview

    This East Los Angeles commercial portfolio features two buildings suitable for retail and storage purposes. The property benefits from high visibility, prime signage opportunities, and a location with heavy traffic. One of the buildings includes dock-high loading capabilities. A private parking lot located off Townsend Avenue provides approximately 10 parking spaces. The property has frontage on East 1st Street and includes a bonus mezzanine level with approximately 1,100 square feet. The total property size is 9,352 square feet. The property will be delivered vacant within 60 days, with a month-to-month tenant currently in place.

    Local Financial Insights For Retail

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $345.6k $36.96
    − Vacancy −$35.6k −$3.81
    EGI $310.0k $33.15
    − OpEx −$93.0k −$9.95
    NOI $217.0k $23.21
    9,352 SF · lease $36.96/SF/yr · vacancy 10.30% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $3.10M
    $2.71M – $3.62M (±1% cap)
    NOI $217,034 @ 7.0% cap · market cap 8.68%
    Second Best
    Warehouse
    $2.02M
    $1.76M – $2.35M (±1% cap)
    NOI $141,071 @ 7.0% cap · market cap 5.64%
    Theoretical Best
    Multifamily LT 5
    $189.47M
    $165.78M – $221.04M (±1% cap)
    NOI $13,262,613 @ 7.0% cap · market cap 530.50%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Best Flowers — 5062 Eagle Rock Blvd, Los Angeles, CA 90041

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.203
    Latitude
    34.1305

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    FAQs

    What type of property is this?
    Storefront property - Two-building commercial portfolio with parking in East Los Angeles.
    Where is this storefront property located?
    The property is located at 3613 E 1 St & 121 N Townsend Ave Portfolio Los Angeles, CA.
    What is the asking price?
    The asking price for this property is $2,500,000.
    What are key features of this property?
    This property features: Prime E. 1st St Frontage; High‑Visibility, Heavy Traffic Location; Adjoined Bldgs- Retail & Storage with Dock‑High Loading
    (818) 395-4373 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Tony Naples
    Tony Naples
    Real Estate License ID: 01811344
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