
Los Angeles, California 90065
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.
Property is extensive renovation needed.
Built in 1924, this 100-year-old mixed-use property is offered 'as-is' as a value-add project. Interior photos show a bathroom with exposed plumbing, a utility sink, and a bare light bulb, indicating a lack of modern renovations. The exterior and roof show significant aging, and the listing's focus on 'repositioning' suggests the systems and interiors require a full rehab.
The presence of one vacant residential and one vacant retail unit provides immediate upside through lease-up at current market rates and strategic repositioning.
The mixed-use configuration featuring street-front retail and private rear residential units offers a balanced investment profile with multiple revenue sources.
A significant price reduction from the original $1.1 million to $849,000 enhances the property's appeal as a high-potential entry point in the Glassell Park area.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 3450, other record living area = 1903.
With over 250 days on the market, the property may face challenges regarding buyer perception or potential difficulties in securing traditional financing.
The 1924 construction and 'as-is' sale condition indicate a likely need for significant capital investment to address aging systems and structural requirements.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 11.0 |
| Baths | 0.0 | 5.7 |
| Square foot | 3,450 | 4,165.789 |
| Lot Size | 3,577 | 6,696 |
| Price | $849.0K | $956.9K |
| Price per sq ft | $246 | $273 |
| Built year | 1924 | 1937 |
| HOA | $0 | $907 |
| Days on market | 305 | 134 |
Sep 18, 2026
$849,000
$899,000
-6% Price Drop
Initial Listing
Jul 15, 2026
$899,000
$1,100,000
-18% Price Drop
Initial Listing
Jan 8, 2026
$1,100,000
Initial Listing