East LA Commercial
3613 E 1 St & 121 N Townsend Ave Portfolio Los Angeles, CA
For Sale
Contact for pricing
Two-building commercial portfolio with parking in East Los Angeles.
Property Size9,352 SF
Lot Size0.32 Acres
Price / SF$267.32
Days on Market778
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
INDUSTRIAL
Listing Agency:
Lee & Associates
(818) 395-4373
Listed By:
Tony Naples · License #01811344
(818) 395-4373
Source:
Moodyscre
Added: Jun 10, 2024
Changed: Jul 10
Last Checked: Jul 21 at 6:30AM
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
Investment Insights
Based on property information with market context.
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.
Key Highlights
- Prime E. 1st St Frontage
- High‑Visibility, Heavy Traffic Location
- Adjoined Bldgs- Retail & Storage with Dock‑High Loading
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
NOI $217,034 @ 7.0% cap · market cap 8.68%
Second Best
Warehouse
$2.02M
$1.76M – $2.35M
NOI $141,071 @ 7.0% cap · market cap 5.64%
Theoretical Best
Multifamily LT 5
$189.47M
$165.78M – $221.04M
NOI $13,262,613 @ 7.0% cap · market cap 530.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- Best Flowers — 5062 Eagle Rock Blvd, Los Angeles, CA 90041
Frequently Asked Questions
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
