Corner Lot Mixed-Use
601 S Record Avenue Los Angeles, CA 90023
For Sale
$950,000
Mixed-use property with store and apartments in Los Angeles.
Property Size2,256 SF
Price / SF$421.10
Days on Market414
Property Features for 601 S Record Avenue
General Information
Standard status
Active
Size
2,256 SF
Building Details
Year Built
1915
Listing Agency:
REAL BROKERAGE TECHNOLOGIES, INC.
Listed By:
JORGE PADRON
Source:
Corcoran
Added: Jun 11, 2025
Changed: Mar 16
Last Checked: Jul 10 at 4:20AM
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 REAL BROKERAGE TECHNOLOGIES, INC.
Investment Insights
Based on property information with market context.
This well-positioned corner-lot mixed-use property features a convenience store with a small meat counter on the ground floor. The property also includes two separate 1-bedroom, 1-bathroom apartment units. The upstairs unit has a private balcony. The second unit, formerly a garage, has been legally converted with permits. All three units are separately metered, and both apartments operate on month-to-month terms. The sale includes inventory: 1 freezer and 2 refrigerators. The property benefits from bold street visibility and steady neighborhood traffic, presenting an excellent opportunity for an investor or owner-user. The property is located in Los Angeles.
Key Highlights
- Corner‑lot mixed‑use property with convenience store and two apartments.
- Excellent street visibility and steady neighborhood traffic.
- Three units are separately metered.
Financial Insights For Specialty 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 | $83.4k | $36.96 |
| − Vacancy | −$1.9k | −$0.85 |
| EGI | $81.5k | $36.11 |
| − OpEx | −$20.4k | −$9.03 |
| NOI | $61.1k | $27.08 |
2,256 SF · lease $36.96/SF/yr · vacancy 2.30% · expense 25.00%
Alternative Uses
Best Use
Multifamily LT 5
$45.71M
$39.99M – $53.32M
NOI $3,199,364 @ 7.0% cap · market cap 336.78%
Second Best
Apartment 5plus
$39.88M
$34.90M – $46.53M
NOI $2,791,922 @ 7.0% cap · market cap 293.89%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use property with store and apartments in Los Angeles.
Where is this mixed-use property located?
The property is located at 601 S Record Avenue Los Angeles, CA.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Corner‑lot mixed‑use property with convenience store and two apartments.; Excellent street visibility and steady neighborhood traffic.; Three units are separately metered.
