3333 Division Street, Los Angeles, California 90065, Los Angeles, 90065 - bed, bath
ACTIVE$1,100,000$3,450/sqft
3333 Division Street, Los Angeles, California 90065
0Bed
0Bath
3,450Sqft
3,577Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Mixed-Use Configuration: The property features a desirable mixed-use setup with three residential and two street-front retail units, offering diversified income streams and broader market appeal.
Top Cons:
MLS Listing Discrepancy: Living area discrepancy between mls listing and other public or private record. mls listing living area = 3450, other record living area = 1903.
Compared to the nearby listings
Compared against 0 nearby listings
More Insights
Built in 1924 (102 years old).
Condition: Built in 1924, this property is explicitly marketed as an 'as-is' value-add opportunity requiring 'repositioning' and 'significant renovation or modernization efforts.' The images of the retail unit's restroom show extremely outdated fixtures, exposed pipes, and a bare bulb, indicating a very poor condition. While some minor updates like ceiling fans are present in the retail space, the overall impression, coupled with the age and 'as-is' nature, suggests substantial repairs and rehabilitation are needed across all units, including the unseen residential interiors. This aligns with the 'poor' category, where major components require repair and the property may be uncomfortable to live in its current state.
Year Built
1924
Close
-
List price
$1.1M
Original List price
$1.1M
Price/Sqft
$319
HOA
-
Days on market
-
Sold On
-
MLS number
CV26005180
Home ConditionPoor
Features
Good View:
View-
About this home
Mixed-use value-add opportunity consisting of five total units, including three residential units and two street-front retail units, located along a neighborhood commercial corridor in Los Angeles. The property includes one vacant residential unit and one vacant retail unit, offering immediate upside through lease-up and repositioning. The retail units benefit from street frontage and visibility, while the residential units are situated toward the rear of the property in a more private configuration. The layout supports a range of investment strategies, including phased improvements and long-term hold. Well suited for investors or owner-users seeking a mixed-use asset with value-add potential. Offered as-is.
H
Henry Liu
Listing Agent
Condition Rating
Poor
Built in 1924, this property is explicitly marketed as an 'as-is' value-add opportunity requiring 'repositioning' and 'significant renovation or modernization efforts.' The images of the retail unit's restroom show extremely outdated fixtures, exposed pipes, and a bare bulb, indicating a very poor condition. While some minor updates like ceiling fans are present in the retail space, the overall impression, coupled with the age and 'as-is' nature, suggests substantial repairs and rehabilitation are needed across all units, including the unseen residential interiors. This aligns with the 'poor' category, where major components require repair and the property may be uncomfortable to live in its current state.
Pros & Cons
Pros
Mixed-Use Configuration: The property features a desirable mixed-use setup with three residential and two street-front retail units, offering diversified income streams and broader market appeal.
Value-Add Opportunity: Explicitly positioned as a value-add asset, ideal for investors seeking to enhance property value through strategic improvements and repositioning.
Immediate Lease-Up Potential: One vacant residential and one vacant retail unit provide immediate opportunities for new leases, generating income and increasing occupancy.
Strategic Retail Visibility: The retail units benefit from prominent street frontage and visibility along a neighborhood commercial corridor in Los Angeles, enhancing business prospects.
Flexible Investment Strategies: The property's layout and nature support a range of investment approaches, including phased improvements and long-term hold, also appealing to owner-users.
Cons
MLS Listing Discrepancy: Living area discrepancy between mls listing and other public or private record. mls listing living area = 3450, other record living area = 1903.
As-Is Sale Condition: The property is offered 'as-is,' indicating potential for deferred maintenance, necessary repairs, or upgrades that will require additional capital investment from the buyer.
Age of Property: Built in 1924, the property likely has older infrastructure, systems, and finishes, which may necessitate significant renovation or modernization efforts.
Potential Renovation Costs: Given its age and 'as-is' status, substantial renovation and repositioning costs are anticipated to fully realize the property's value-add potential and attract premium tenants.