1141 N Mission Rd presents the opportunity to acquire a multifamily and retail asset in the Lincoln Heights neighborhood of Los Angeles. The property consists of 33 units, including housing accommodations and commercial income components, creating multiple revenue streams within a single investment. Recent ownership improvements include modernized interiors, upgraded electrical and plumbing systems, new HVAC infrastructure, enhanced kitchen facilities, renovated common areas, and outdoor amenity upgrades designed to improve the resident experience.
The asset is positioned near major educational institutions including the USC Keck School of Medicine and California State University, Los Angeles, supporting ongoing demand from the area's student population. The location also benefits from access to public transportation, major employment centers, Downtown Los Angeles, Chinatown, and surrounding cultural destinations. Lincoln Heights continues to attract residents seeking proximity to central Los Angeles while maintaining neighborhood connectivity and accessibility.
The offering is available at $4,100,000 and is reported with a current cap rate of 8.64%. The property features 30 residential units and three commercial income components, providing diversification within the rent roll. The property's student housing orientation, mixed-use configuration, and strategic infill Los Angeles location position it as a compelling investment opportunity for buyers seeking stable income and long-term value creation within one of Southern California's most supply-constrained markets.