Mixed-Use Property with Upper-Level
4620 E 3rd, Los Angeles, CA 90022
For Sale
$995,000
Ground-floor retail and office space is paired with a remodeled three-bedroom apartment and outdoor patio.
Property Size2,340 SF
Price / SF$425.21
Days on Market157
Property Features for 4620 E 3rd
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Site & Location
Highway Access
Public Transit
Mixed-Use Components
Additional Details
Floor
Property Use
Amenities
kitchenette
parking lot
patio
outdoor dining area
laundry hookups
a/c wall unit
ceiling fans
detached garage
Building Details
Building Size
Year Built
Listing Agency:
Keller Williams Realty
(626) 877-8227
Listed By:
Khanh Tran · License #01921901
(626) 204-3366
Source:
Thecorralesgroup
Added: Jun 4
Changed: Nov 7
Last Checked: Nov 6 at 2:31PM
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 Keller Williams Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This two-level mixed-use property combines a gated ground-floor retail and office area with a remodeled apartment above. The commercial space includes a kitchenette and a dedicated parking lot with 7 spaces. The residence offers 3 bedrooms, 1 bathroom, approximately 1,000 square feet, laundry hookups, a wall-mounted A/C unit, ceiling fans, and a patio suited to outdoor dining. A detached 2-car garage is also part of the property. The ground-floor area is approximately 1,300 square feet; total property size is 2,340 square feet.
In East Los Angeles, the property is east of downtown Los Angeles, with access to the 60, 710, and 10 freeways. A Metro Gold Line station is two blocks away.
In East Los Angeles, the property is east of downtown Los Angeles, with access to the 60, 710, and 10 freeways. A Metro Gold Line station is two blocks away.
Key Highlights
- Ground‑floor retail and office area of approximately 1,300 square feet
- Remodeled upper apartment with 3 bedrooms, 1 bathroom, and approximately 1,000 square feet
- Dedicated parking lot with 7 spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$59,148
Cap Rate
5.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,182,960
$1.2M
Cap Rate 7%
$844,971
$845.0K
Cap Rate 9%
$657,200
$657.2K
Market Conditions
NOI Build-Up for 2,340 SF
Gross rent
$86.5K $36.96/SF
− Vacancy
−$2.0K −$0.85/SF
EGI
$84.5K $36.11/SF
− OpEx
−$25.3K −$10.83/SF
NOI
$59.1K $25.28/SF
Area
ZIP 90022
Vacancy
2.30%
Lease Rate
$36.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,182,960
Cap Rate 7%
$844,971
Cap Rate 9%
$657,200
Alternative Uses
Best Use
Retail
$845.0K
$739.4K – $985.8K
NOI $59,148 @ 7.0% cap · market cap 5.94%
Second Best
Mixed Use
$576.6K
$504.6K – $672.8K
NOI $40,365 @ 7.0% cap · market cap 4.06%
Theoretical Best
Office A
$953.4K
$834.2K – $1.11M
NOI $66,738 @ 7.0% cap · market cap 6.71%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
887
Businesses Nearby
Explore this area
Business Placement
Demographics for 90022, CA
64,517
Population
17,845
Households
3.6
Avg Household Size
34
Median Age
10%
College-Educated
56%
High-School Grad
4.4 sq mi
ZIP Area
14,663
Density / Sq Mi
$67,829
Median Household Income
$32,304
Median Earnings
$1,407
Median Rent
$603,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Mixed-use properties in Los Angeles, CA
Properties on Market for Mixed-use properties in Los Angeles
Vacancy Rate% for Retail in Los Angeles, CA
Frequently Asked Questions
What type of property is this?
Mixed-use property - Ground-floor retail and office space is paired with a remodeled three-bedroom apartment and outdoor patio.
Where is this mixed-use property located?
The property is located at 4620 E 3rd Los Angeles, CA.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: Ground‑floor retail and office area of approximately 1,300 square feet; Remodeled upper apartment with 3 bedrooms, 1 bathroom, and approximately 1,000 square feet; Dedicated parking lot with 7 spaces
