$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.