
Los Angeles, California 90063
This mixed-use property represents a Strong Value Opportunity, listed at $1,100,000—positioned well above the $1,023,264 Fair Market Value. While the property requires modernization, it offers a Buy-and-Hold Investor a stable, diversified income stream through an established ground-floor grocery market and two updated residential units. With a Condition Rating of 4, the asset provides significant potential for value-add through system upgrades. This is an ideal acquisition for Commercial Real Estate Investors seeking a cash-flow-positive, multi-tenant asset in a growing Los Angeles corridor.
Property is moderate renovation needed.
While the 1924 structure has received some interior updates such as newer tile flooring in the residential units, the property remains dated overall. The bathroom fixtures are basic and aged, and the use of window AC units indicates a lack of modern central HVAC. The exterior and commercial space show significant wear and tear consistent with a 20+ year renovation cycle, requiring cosmetic repairs and system modernization.
This mixed-use property offers multiple revenue sources, combining a long-standing ground-floor commercial grocery business with two updated residential units on the second floor.
The ground-floor grocery market is a decades-old, cash-flow positive business featuring valuable alcohol licenses, providing immediate stability and high commercial appeal.
Both 1-bedroom residential units have been recently updated with modern kitchens and dedicated dining areas, allowing for immediate rental income with minimal initial capital expenditure.
Originally constructed in 1924, the property may require significant ongoing maintenance or upgrades to its century-old structural, electrical, and plumbing systems.
Managing a mixed-use property with month-to-month residential tenancies and a commercial business requires more intensive oversight and specialized knowledge compared to standard residential investments.
Great Investment Opportunity! Mixed-Use Property with Multiple Income Streams! Excellent opportunity to own a mixed-use commercial and residential property in Los Angeles featuring both established retail space and residential rental income. The second floor includes two 1-bedroom, 1-bathroom units, currently rented on a month-to-month basis. Both units have been updated and feature kitchens with dedicated dining areas. The ground floor features a fully operational neighborhood grocery market that has been in business for decades. The business is cash-flow positive and operates with multiple alcohol licenses. Seller may consider selling the grocery business separately for the right price. Additional features include a covered patio area and parking for multiple vehicles. Multiple income streams. One property. Tremendous investment potential. Located in a growing area of Los Angeles with convenient access to major freeways.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 2.0 | 1.3 |
| Square foot | 1,920 | 4,065.4 |
| Lot Size | 4,657 | 6,744.9 |
| Price | $1.10M | $1.13M |
| Price per sq ft | $573 | $262 |
| Built year | 1924 | 1939 |
| HOA | $0 | $907 |
| Days on market | 16 | 110 |
Aug 24, 2026
$1,100,000
Initial Listing
Feb 23, 2005
$239,000
Public Record