
Los Angeles, California 90011
This High-Potential Investment Opportunity is a 10-Unit Mixed-Use Asset listed at $2,398,888—positioned well below the $2,456,111 Fair Market Value by 2%. This valuation gap offers $57,223 in Instant Equity. Featuring a Condition Rating of 2, the property includes renovated residential units and high-visibility commercial space. With SB6 and AB2011 legislation, this site offers significant redevelopment potential for Buy-and-Hold Investors and Commercial Developers seeking to maximize density and rental yield in a high-traffic Los Angeles corridor.
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 · $333 | $2,398,888* List Price | 0 | 0 | 7,373 | $333 | - |
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 new construction or fully renovated.
While the structure dates to 1926, the residential units have undergone recent renovations (likely <5 years) featuring contemporary kitchens with shaker cabinetry and stone countertops, stylish bathrooms, and updated copper plumbing, meeting the criteria for mint condition and modern functionality.
The property is uniquely positioned to benefit from SB6 and AB2011 legislation, allowing for the conversion of commercial units into residential spaces to maximize density and significantly increase rental yield.
Situated just 5 minutes from Downtown Los Angeles with immediate access to four major freeways (10, 60, 5, and 110), the location ensures high visibility for commercial tenants and convenience for residents.
With a total of 10 units—comprising 3 residential and 7 commercial spaces—the property offers a balanced mixed-use portfolio that mitigates vacancy risk and provides multiple revenue channels.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 7373, other record living area = 4227.
Built in 1926, the century-old structure may require substantial capital expenditure for seismic retrofitting, electrical upgrades, or structural repairs beyond the reported plumbing improvements.
The majority of assigned local schools carry low performance ratings (2-3 out of 10), which may limit the appeal for long-term family tenants and impact the property's residential appreciation potential.
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, 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 | 11.0 |
| Baths | 0.0 | 5.7 |
| Square foot | 7,373 | 4,165.789 |
| Lot Size | 5,662 | 6,696 |
| Price | $2.40M | $956.9K |
| Price per sq ft | $325 | $273 |
| Built year | 1926 | 1937 |
| HOA | $0 | $907 |
| Days on market | 6 | 134 |
Nov 3, 2026
$2,398,888
Initial Listing
Mar 21, 1996
$44,000
Public Record