4620 3Rd St Los Angeles, CA 90022

This exceptional East Los Angeles mixed-use property at 4620 E 3rd St, Los Angeles, CA 90022, presents a compelling investment opportunity. The 2,340 square foot building, constructed in 1963, features a ground floor storefront currently under a long-term lease and a second-floor apartment with a long-standing tenant, resulting in 100% occupancy. The property boasts eight parking spaces and high-visibility pole signage, enhancing its appeal. The asking price is $1,100,000, representing a price per square foot of $470.09 and a price per unit of $550,000. The Net Operating Income (NOI) is $48,343, yielding a 4.39% cap rate. The property sits on a 0.16-acre lot and is zoned LCC2-R2. The potential for the ground floor to be delivered vacant at closing makes this an ideal owner-user opportunity, particularly considering SBA loan financing options. This two-story, one-building property offers two units and benefits from rent bumps. Located in a vibrant East Los Angeles neighborhood, this property offers a blend of stable income and significant owner-user potential. The strategic location and features make this a standout investment.