3333 Division St - Apartments FOR SALE


Los Angeles, CA 90065- Glassell Park
$899,000 USD
626-679-2876
3333 Division St, Los Angeles, CA for Sale
$899,000 USD
Apartments - FOR SALE
1/23
null | 8.55% Cap Rate

3333 Division St
Los Angeles, CA 90065
Glassell Park


HIGHLIGHTS

  • Great Foot Traffic
  • Long Term Tenants
  • Great Unit Mix
  • Mixed use

OVERVIEW

$899,000 | Underperforming 5-Unit Mixed-Use | Vacancy + Mark-to-Market Upside Underperforming mixed-use asset with a clear path to stabilization. The property consists of 2 street-front retail units and 3 residential units, currently ~60% occupied, allowing a new owner to execute a lease-up strategy and push rents to market. Value-Add Lease-up of 1 vacant retail unit (street frontage) Lease-up of 1 vacant 2BR residential unit Mark-to-market existing rents across all units Retail rent upside from ~$1,100 to ~$1,500/month Residential units below market with upside through turnover and rent resets At stabilization, the asset is projected to generate ~$76K NOI, equating to an ~8%+ cap rate at the current basis. Strong street visibility, consistent foot traffic, and a location within an established Los Angeles rental corridor support both retail and residential demand. Positioned as a straightforward execution play — acquire below stabilized value, lease-up vacancy, and capture yield.

FOR SALE DETAILS

PRICE

$899,000 USD

PRICE/SF

$472 USD /SF

# OF UNITS

5

PRICE/UNIT

$179,800

CAP RATE

8.55%

% LEASED

60%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Value Add Mixed Use Opportunity

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1965

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.08 AC

LAND SF

3,446 SF

ZONING

(Q)C-1-1VL

APN/PARCEL ID

5456-017-016

ASK ABOUT THIS PROPERTY

Michael LiuSPERRY Gateway GroupMore Info
626-679-2876

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Michael LiuSPERRY Gateway GroupMore Info
626-679-2876

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.