- Status:
- Active
- Prop. Type:
- Residential Income
- MLS® Num:
- PW25144455
- Year Built:
- 1912
- Photos (28)
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Welcome to a rare investment opportunity in a high-visibility location on desirable 1st Street—this expansive, mixed-use property is the ultimate canvas for your next business venture or portfolio addition. Boasting four street-level commercial units, the flexible layout is ideal for a variety of uses—from a stylish barber shop or wellness spa to professional office spaces. Above the commercial suites, the property features (2) spacious one-bedroom, one-bath apartments and (6) well-appointed studio units—perfect for generating consistent rental income, housing a live-in caretaker, or even occupying one as an owner-user. The possibilities are endless! The gated rear parking lot with a large rolling gate offers convenience, privacy, and added security—an invaluable amenity for tenants and business patrons alike. Whether you're a seasoned investor looking to capitalize on strong cash flow and future appreciation, or a new buyer stepping into the multifamily market, this one-of-a-kind property checks all the boxes. Opportunities like this are few and far between—don’t miss your chance to own a high-yield asset in a prime location!
- Property Sub Type:
- Mixed Use
- Property Attached:
- No
- Lot Area:
- 6,599 sq. ft.
- Bathrooms:
- - (Full:-, Half:-)
- Year built:
- 1912 (Age: 113)
- General Listing Location:
- Los Angeles, BOYH - Boyle Heights
- County Or Parish:
- Los Angeles
- Common Interest:
- None
- Gross Income:
- $206,030
- Gross Scheduled Income:
- $250,128
- Net Operating Income:
- $206,030
- Rent Control:
- Yes
- Total Actual Rent:
- $16,344
- Land Lease:
- No
- Electric Expense:
- $6,000
- Fuel Expense:
- $0
- Insurance Expense:
- $14,719
- Operating Expense:
- $44,098
- Professional Management Expense:
- $10,000
- Trash Expense:
- $5,379
- Water and Sewer Expense:
- $8,000
- Tax Lot:
- B
- Property is on corner of 1st Street and Gless St.
- View:
- Neighborhood
- Number of Buildings:
- 1
- # of Electric Meters:
- 12
- # of Gas Meters:
- 12
- # of Water Meters:
- 1
- # Units Leased:
- 8
- Community Features:
- Street Lights, Sidewalks, Urban
- Senior Community:
- No
- Laundry Features:
- Inside
- Pool Features:
- None
- Private Pool:
- No
- Spa Features:
- None
- Lot Features:
- 0-1 Unit/Acre
- Fireplace Features:
- None
- Levels:
- Two
- Num Stories:
- 2
- Entry Level:
- 1
- Entry Location:
- 1
- New Constr.:
- No
- Flooring:
- Laminate, Tile
- Roof:
- Flat
- Common Walls:
- No Common Walls
- # Units:
- 12
- Property Condition:
- Updated/Remodeled
- Heating:
- Ductless
- Fireplace:
- No
- Cooling:
- Wall/Window Unit(s)
- Utilities:
- Electricity Available, Natural Gas Available, Sewer Connected, Water Available
- Water supply:
- Public
- Sewer:
- Public Sewer
- Spa:
- No
- Garage Spaces:
- 0
- Total Parking Spaces:
- 0
- Parking Features:
- One Space
- Special Listing Conditions:
- Standard
- Parcel Number:
- 5172004022
- Zoning:
- LAM1
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Listed by Bricxone Realty, Inc.
Data was last updated July 3, 2025 at 04:40 AM (UTC)
- BILLY LONG
- 1 (310) 663-1177
- Contact by Email
Based on information from California Regional Multiple Listing Service, Inc. as of July 3, 2025 at 04:40 AM (UTC) and/or other sources.
All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS.
All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.