600 S Ditman Ave - Multi-Family FOR SALE


Los Angeles, CA 90023- East Los Angeles
$899,000 USD
310-562-9630
600 S Ditman Ave, Los Angeles, CA for Sale
$899,000 USD
Multi-Family - FOR SALE
1/38
null | 6.63% Cap Rate

600 S Ditman Ave
Los Angeles, CA 90023
East Los Angeles


HIGHLIGHTS

  • Vacant Corner Market - Ideal for Owner-Operator or Investor (no Liquor/Beer license included)
  • Fantastic mixed use compound with incredible live/work or repositioning possibilities
  • Retail store and single family home are vacant. Apartment (2Br+1Ba) is leased for $1,900/Month!
  • The tastefully remodeled Spanish-style home is perfect for an owner-occupant, family member, or high-quality tenant
  • Trust Sale: this property has been in the same family for over 40 years!
  • The property has 2 driveways, one for the commercial side and one for the house

OVERVIEW

This property presents a rare mixed-use investment opportunity featuring 3 units on a single parcel, combining a retail storefront with residential income in a highly desirable East Los Angeles location between the 5 and 60 Freeways. The property consists of a vacant, appx 1,100 SF retail space, a renovated, vacant 2Br+1Ba house of appx. 728 SF, and a 2Br+1Ba apartment of appx. 500 SF that is currently leased at $1,900 per month to a long term tenant. The corner market and the single-family home are currently vacant, offering a new owner the ability to set market rents, reposition the asset, or pursue an ideal owner-user strategy. The retail store includes a 200 SF walk-in freezer, original shelving, counters, refrigerated cases, small kitchen, storage and bathroom. It presents significant upside potential and flexibility, as this could make a wonderful neighborhood-serving market, or live/work option for a new owner to live in the house and operate their business or creative studio out of the commercial space. The renovated Spanish-style SFR features a charming interior with decorative finishes and a faux fireplace, adding character and warmth that enhances its appeal for either owner occupancy or premium rental potential. The property also includes two on-site driveway parking spaces & a detached garage. Positioned in a dense, high-demand rental market with close proximity to major transportation corridors, the asset benefits from strong fundamentals and long-term appreciation potential.

FOR SALE DETAILS

PRICE

$899,000 USD

PRICE/SF

$404 USD /SF

# OF UNITS

3

PRICE/UNIT

$299,667

CAP RATE

6.63%

% LEASED

33%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Mixed Use in East LA (Store & House Vacant)

PROPERTY TYPE

Multi-Family

ADD'L SUBTYPES

Storefront Retail/Residential, Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1911

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,647 SF

ZONING

LCR4*

APN/PARCEL ID

5238-010-027

ASK ABOUT THIS PROPERTY

Dana CoronadoCompass Commercial - Sherman OaksMore Info
310-562-9630

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Dana CoronadoCompass Commercial - Sherman OaksMore Info
310-562-9630

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