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Mixed-Use

2500 1st St

2500 1st St, Los Angeles, CA 90033

Listing Price: $1,500,000

Cap Rate
5.50%
Number of Units
8
Occupancy
100.0%
Price/Unit
$187,500
Price/Gross SF
$174.87
Gross SF
8,578

Investment Overview

Marcus & Millichap is pleased to present 2500 E 1st St, a mixed-use property situated in the heart of the culturally rich Boyle Heights district, renowned for its diverse community and bustling atmosphere.
Built in 1964, the 8,578 square foot property features a standalone corner retail unit complemented by an 8-unit apartment complex at the rear. The apartment consists of three (3) 1-bedroom and five (5) 2-bedroom units. With current rents offering significant room for growth, savvy investors can capitalize on a approximately 62% upside potential in rental income as units become vacant. Spanning across 8,641 square feet of land, the property is commercially zoned with a tier 4 TOC bonus, permitting the development of 40 units or more through ED-1, further enhancing its investment appeal.
Strategically positioned just one block away from the E Line Soto Station & adjacent Los Lirios Apartments which boasts 2,400 square feet of ground-floor commercial space, this property offers unparalleled convenience and accessibility. Furthermore, with a brand-new four-story, 51-unit affordable housing complex scheduled for construction on the same block as the subject property, the area is experiencing a surge in development activity, underscoring its status as a burgeoning investment hotspot.
With its proximity to downtown Los Angeles and seamless access to public transportation, Boyle Heights offers residents and businesses alike an unparalleled urban lifestyle. With its rich cultural heritage, diverse community, and thriving commercial landscape, Boyle Heights presents a compelling investment opportunity in one of Los Angeles' most dynamic and sought-after neighborhoods.

Investment Highlights

  • Standalone Corner Retail Unit
  • Eight (8) Unit Apartment In Rear
  • Unit Mix: Five (5) 2Bed & Three (3) 1Bed Units
  • 62% Upside In Rents
  • C2 Zoning W/ Tier 4 TOC
  • One Block from Soto Station

Exclusively Listed By

Financing By

Mixed-Use

2500 1st St

Listing Price: $1,500,000

Cap Rate
5.50%
Number of Units
8
Occupancy
100.0%
Price/Unit
$187,500
Price/Gross SF
$174.87
Gross SF
8,578

Investment Highlights

  • Standalone Corner Retail Unit
  • Eight (8) Unit Apartment In Rear
  • Unit Mix: Five (5) 2Bed & Three (3) 1Bed Units
  • 62% Upside In Rents
  • C2 Zoning W/ Tier 4 TOC
  • One Block from Soto Station

Investment Overview

Marcus & Millichap is pleased to present 2500 E 1st St, a mixed-use property situated in the heart of the culturally rich Boyle Heights district, renowned for its diverse community and bustling atmosphere. Built in 1964, the 8,578 square foot property features a standalone corner retail unit complemented by an 8-unit apartment complex at the rear. The apartment consists of three (3) 1-bedroom and five (5) 2-bedroom units. With current rents offering significant room for growth, savvy investors can capitalize on a approximately 62% upside potential in rental income as units become vacant. Spanning across 8,641 square feet of land, the property is commercially zoned with a tier 4 TOC bonus, permitting the development of 40 units or more through ED-1, further enhancing its investment appeal. Strategically positioned just one block away from the E Line Soto Station & adjacent Los Lirios Apartments which boasts 2,400 square feet of ground-floor commercial space, this property offers unparalleled convenience and accessibility. Furthermore, with a brand-new four-story, 51-unit affordable housing complex scheduled for construction on the same block as the subject property, the area is experiencing a surge in development activity, underscoring its status as a burgeoning investment hotspot. With its proximity to downtown Los Angeles and seamless access to public transportation, Boyle Heights offers residents and businesses alike an unparalleled urban lifestyle. With its rich cultural heritage, diverse community, and thriving commercial landscape, Boyle Heights presents a compelling investment opportunity in one of Los Angeles' most dynamic and sought-after neighborhoods.

Exclusively Listed By

Financing By

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