
Los Angeles, California 90011
This 10-Unit Mixed-Use Asset represents a High-Potential Investment Opportunity, listed at $2,588,888. With a Fair Market Value of $2,526,960, the property is priced slightly above market, reflecting its strategic location just 5 minutes from Downtown LA. Featuring a Condition Rating of 3, the building includes 3 updated residential units and 7 commercial storefronts. Leveraging SB6 and AB2011 legislation, this property offers significant upside for residential conversion. It is an ideal acquisition for Buy-and-Hold Investors or Commercial Developers seeking to capitalize on high-traffic urban growth.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2214 Hooper Subject 0 bd · 0 ba · 7,373 sqft · $343 | $2,588,888* List Price | 0 | 0 | 7,373 | $343 | - |
A 1023 E 28th Active Under Contract 0 bd · 0 ba · 5,196 sqft · $351 · 0.5 mi | $1,825,000 List Price | 0 | 0 | 5,196 | $351 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Despite being built in 1926, the property is well-maintained and features updated residential units with contemporary kitchens, stylish bathrooms, newer copper plumbing, and move-in ready laminate flooring.
Strategically situated just 5 minutes from Downtown Los Angeles with immediate access to the 10, 60, 5, and 110 freeways, ensuring high foot traffic and excellent commercial visibility.
Capitalizes on California's SB6 and AB2011 laws, allowing for the streamlined conversion of commercial spaces into residential units by overriding local zoning regulations.
The 10-unit mixed-use configuration, consisting of 3 updated residential units and 7 flexible commercial storefronts, provides a robust and diversified cash flow for investors.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =246636720, other record lot size in square feet = 5662. Living area discrepancy between mls listing and other public or private record. mls listing living area = 7373, other record living area = 4227.
The listing price was abruptly increased by $1,000,000 (from $1,588,888 to $2,588,888), which may complicate buyer valuations and initial return-on-investment calculations.
Originally built in 1926, the nearly century-old structure may carry risks of deferred maintenance and require significant capital expenditure for long-term structural upkeep.
**Prime Property with Exceptional Investment and Redevelopment Potential** We are excited to present a remarkable mixed-use property, strategically located in a bustling and highly sought-after neighborhood. This property features a well-maintained structure with three residential units on the upper level and seven commercial units on the ground floor. With the recent passage of California's SB6 Law in July 2023 and AB2011, which facilitates the conversion of commercial spaces into residential units, this property offers unparalleled flexibility and investment potential. The 3 Residential units located on the upper floor are comprised of three thoughtfully designed residential units, each offering Spacious Interiors, Generous floor plans with open concept living and dining areas. Modern Amenities, Contemporary kitchens with stylish bathrooms and newer Copper Plumbing. The ground floor hosts 7 commercial units, each designed for optimal functionality and visibility with High Foot Traffic, Prime location with excellent visibility and easy access for customers: only 5 minutes from Downtown LA, 3 minutes from 10 Freeway, 60 Freeway, 5 Freeway, and the 110 Freeway as well. TOTAL "10 UNIT BUILDING" Flexible Layouts, with Configurations suitable for a wide range of businesses. Plenty of Commercial Appeal with Large storefront windows enhancing business exposure. In light of SB6 and AB2011, which supports the conversion of commercial properties into additional residential units, this property stands as a prime candidate for transformation. These Bills Allow to Build residential Development on Commercial zones. The bill overrides local zoning regulations, allows for RES Development in commercial zones where they were otherwise prohibited such as a Parcel that is used as Office, Retail, or parking space. Potential redevelopment opportunities include: Expansion of Residential Space in order to Convert commercial units to increase the residential component and capitalize on growing housing demand, creating an Increased Rental Income which you could then Leverage enhanced residential units to boost rental income potential. Partake in the Thriving high traffic area this property benefit's from with amazing Accessibility, its vibrant neighborhood with Shops, amenities, restaurants, and services are within walking distance. This is definitely a Growth Area that is experiencing significant economic and Community Development. PLEASE DO NOT DISTURB TENANTS !!
No exterior & parking available.
Grades K-5 • 0.3 mi
Grades K-5 • 0.4 mi
Grades K-5 • 0.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 2.0 |
| Baths | 0.0 | 1.3 |
| Square foot | 7,373 | 3,896.154 |
| Lot Size | 246,636,720 | 6,537.692 |
| Price | $2.59M | $1.12M |
| Price per sq ft | $351 | $270 |
| Built year | 1926 | 1939 |
| HOA | $0 | $907 |
| Days on market | 29 | 126 |
Sep 26, 2026
$2,588,888
Initial Listing
Sep 25, 2026
$1,588,888
Initial Listing
Mar 21, 1996
$44,000
Public Record