6007 Holmes, Los Angeles, California 90001, Los Angeles, 90001 - 0 bed, 0 bath
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Los Angeles, California 90001
This Mixed-Use Value-Add Asset is listed at $739,000, positioned relative to its $681,678 Fair Market Value. Holding a Condition Rating of 5, the property requires extensive capital improvements but provides diversified income streams through three residential units and two retail storefronts. The 1926 structure sits on a 6,828 sqft lot with a private patio, offering significant redevelopment upside via AB 2011 and SB 6 legislation for increased density. This acquisition represents a strategic long-term play for Value-Add Investors or Developers looking to capitalize on Los Angeles' housing demand.
Property is extensive renovation needed.
Built in 1926, this property is explicitly described as requiring 'repairs and capital improvements' and having 'aging infrastructure (plumbing, electrical, roof) that will require significant upgrades.' The exterior images confirm a very dated and worn appearance, with visible exposed wiring and old electrical meters. The lack of interior photos, combined with the overall description, strongly suggests that the kitchens and bathrooms are also in a state requiring substantial rehabilitation, aligning with the 'poor' condition criteria.
The mixed-use property features five units (three residential, two retail storefronts), offering multiple revenue sources and mitigating vacancy risk for investors.
Leverages recent California housing legislation (AB 2011, SB 6) for potential residential conversion, adaptive reuse, or increased density, offering substantial future upside.
Explicitly marketed as a 'value-add' asset, ideal for investors seeking to reposition the property through capital improvements for higher income and long-term appreciation.
The property 'requires repairs and capital improvements,' necessitating substantial upfront costs and renovation efforts to unlock its full potential and maximize returns.
Built in 1926, the property likely has aging infrastructure (plumbing, electrical, roof) that will require significant upgrades to meet modern standards and codes, increasing renovation complexity and cost.
Buyers are explicitly advised to conduct all investigations regarding zoning, permits, unit count, and condition, placing a significant burden on the buyer to verify critical information and uncover potential unforeseen issues.
Prime Value-Add Mixed-Use Opportunity! Income + Redevelopment Upside. Attention investors, developers, and owner-users, this is the opportunity you’ve been waiting for. Rarely available mixed-use commercial/residential income property located in the Huntington Park Annex, positioned at the intersection of cash flow, value-add, and future redevelopment potential under California’s most impactful housing legislation. The property features five total units, including three residential units and two street-front retail storefronts, offering diversified income streams and strong upside. The residential unit mix includes a 1-bedroom/1-bath, 2-bedroom/1-bath, and a large 4-bedroom/2-bath unit, ideal for maximizing rental demand and repositioning potential. The retail storefronts enjoy excellent visibility and are well-suited for owner-users, service-based businesses, or continued leasing. The property requires repairs and capital improvements, making it an ideal acquisition for investors seeking a true value-add play. Bring your contractor and your vision - this asset is ready to be repositioned for higher income and long-term appreciation. With the passage of AB 2011 and SB 6, certain mixed-use and commercial properties may qualify for residential conversion, adaptive reuse, or increased residential density, subject to buyer’s independent verification and compliance with all applicable requirements. These laws, effective through July 1, 2033, create a powerful window of opportunity to unlock additional units, reconfigure existing space, or redevelop to meet the severe housing shortage across Los Angeles County. Perfect for: 1) Investors seeking current income with redevelopment upside, 2) 1031 exchange buyers looking to defer taxes and add value. 3) Developers targeting density and adaptive reuse opportunities. 4) Owner-users who want to operate a business while generating rental income. Properties offering this combination of location, mixed-use zoning, legislative tailwinds, and value-add potential are becoming increasingly scarce. High demand urban corridor. Strong upside. Time-sensitive opportunity. Buyer to conduct all investigations regarding zoning, permits, unit count, condition, and potential uses. Submit offers - this asset will not last.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 3,392 | 3,260 | 50% |
| Lot Size | 6,828 | 5,414.5 | 50% |
| Price | $739.0K | $782.0K | 50% |
| Price per sq ft | $218 | $241 | 50% |
| Built year | 1926 | 1943 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 84 | 62 | 0% |
Jan 28, 2026
$739,000
Initial Listing