6525 Holmes Ave, Los Angeles, CA 90001

This mixed-use income property features a ground-floor mini market tenant and two residential units on the second floor. The market operates with a beer and wine license and is currently paying $2,916.50 per month under a 5-year lease structure with approximately three years remaining and a 5-year option that includes rent increases each year. Above, there is a 2-bedroom/1-bath unit paying $1,591 per month plus $50 per month for parking an additional car, along with a 1-bedroom/1-bath unit paying $1,580 per month. The owner pays for water. The property also includes two storage garages on the lot, with one used by the 2-bedroom unit tenant and one vacant and not currently in use. An advertising sign on the side of the building provides a few hundred dollars per year to the owner. The building sits on a large 7,545 square foot corner lot.

The mini market is located on Holmes Ave at the ground-floor level, with residential units positioned on the second floor. The property is currently under the County of Los Angeles.

For buyers and long-term holders, the combination of a retail tenant with two above-unit residences can support a straightforward mixed-income setup, while the additional storage and corner-lot footprint may be useful for operational flexibility. Buyers should verify for themselves what can be built on the property. The seller also notes the property may be suitable for a 1031 exchange, subject to buyer and/or buyer’s agent confirmation of eligibility.